{"id":519819,"date":"2021-07-29T08:03:52","date_gmt":"2021-07-29T12:03:52","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/grom-social-enterprises-inc-agrees-to-acquire-majority-control-of-kids-and-family-content-creator-curiosity-ink-media-llc\/"},"modified":"2021-07-29T08:03:52","modified_gmt":"2021-07-29T12:03:52","slug":"grom-social-enterprises-inc-agrees-to-acquire-majority-control-of-kids-and-family-content-creator-curiosity-ink-media-llc","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/grom-social-enterprises-inc-agrees-to-acquire-majority-control-of-kids-and-family-content-creator-curiosity-ink-media-llc\/","title":{"rendered":"Grom Social Enterprises, Inc. Agrees to Acquire Majority Control of Kids and Family Content Creator Curiosity Ink Media LLC"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <strong>Curiosity Executive Brent Watts to Join Grom in Key Leadership Role to Guide Growth, Strategy and Revenue Opportunities<\/strong>\n      <\/p>\n<p>BOCA RATON, FL, July  29, 2021  (GLOBE NEWSWIRE) &#8212; via <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=O9-EWNN2ZMlHiFRA47pg20eay_s6Yb4DIwvQbFL9g6L_MSIcHOhWs0UK-rVodD1XFBxYdY5hcd2pva5CXVNRTyVTo_aHz_0pdF5GsMEKUnY=\" rel=\"nofollow noopener\" target=\"_blank\"><u>NewMediaWire<\/u><\/a> &#8212; Grom Social Enterprises, Inc.\u00a0(NASDAQ:\u00a0GROM) (\u201cGrom\u201d or the \u201cCompany\u201d) today announced it has entered into a definitive purchase agreement to acquire 80% of the equity and control of Curiosity Ink Media LLC (\u201cCuriosity\u201d or \u201cCIM\u201d) \u2013 a producer and developer of original kids and family content \u2013 which is expected to complement the Company\u2019s existing offerings of brand-safe social media for kids, animation production and web filtering solutions. Upon completion of the acquisition, Grom will retain one of the key architects of Curiosity\u2019s early success, Brent Watts, in his current role as Chief Creative Officer, where he will continue to cultivate storytelling IP for Curiosity and provide visual design acumen for the studio. The announcement was made by Darren Marks, Grom\u2019s Chairman and Chief Executive Officer. Closing of the purchase transaction is subject to certain regulatory and other customary closing conditions, and is expected to take place in mid-August 2021.<\/p>\n<p>The acquisition will bring Curiosity\u2019s original IP catalog to the Company\u2019s portfolio of assets, with Watts helping to spearhead Curiosity\u2019s migration into the Grom family. Watts will again join Russell Hicks, one of Curiosity\u2019s founders, whose role as Chief Content Officer and President of Top Draw Animation, Inc. was announced in April. \u00a0Since its inception in 2017, Curiosity has fostered multiplatform storytelling content in publishing, preschool entertainment, series development, feature film franchises and ancillary revenue opportunities. <\/p>\n<p>Curiosity recently unveiled a host of initiatives that are expected to bring its multiplatform IP to market for consumers everywhere in the coming months and years. Some of the projects that CIM recently announced include: a collaboration with global toy company Cepia LLC to develop the hit online shorts <em>Cats vs. Pickles <\/em>into a television series; and an original animated holiday musical feature <em>Santa.com,<\/em> which will serve as a companion to a <em>Santa.com<\/em> virtual holiday hub and ecommerce initiative.\u00a0 Additionally, CIM will foray into publishing with new partner Dynamite Entertainment, to create books for kids rooted in Curiosity\u2019s original IP and other\u00a0brands, kicking off with <em>PAW Patrol<\/em><sup>TM <\/sup>and <em>Baldwin\u2019s Big\u00a0Adventure<\/em>, which is being developed into an animated preschool series.<\/p>\n<p>\u201cWe believe bringing Curiosity Ink Media and Brent Watts into the Grom family furthers our mission to serve today\u2019s kids and families in new and exciting ways,\u201d explains Marks. \u201cIncredible IP, being championed by several proven kids\u2019 entertainment executives, underscores our commitment to premium content that we believe unleashes significant opportunities to boost and expand our portfolio.\u201d \u00a0<\/p>\n<p>Watts will continue to guide Curiosity\u2019s design, content acquisitions, synergy and overall growth strategy. Earlier in his career, he founded and served as Executive Creative Director for Struck \u2013 the award-winning boutique design and advertising agency specializing in breakthrough brand building, design, experiential spaces and digital engagement. While there, Watts made his mark through innovative design solutions on behalf of the agency\u2019s blue-chip clientele, including Pinterest, McDonald\u2019s, Disney, Warner Bros. Paramount Pictures, Sony Corp., Universal Pictures and DreamWorks SKG. Watts was the creative force behind Will.i.am\u2019s <em>Wizards and Robots<\/em> and award-winning title designs for films such as <em>Lemony Snicket\u2019s A Series of Unfortunate Events,<\/em> and Universal\u2019s <em>Land of the Lost<\/em>.\u00a0 Also, his versatility allowed him to be the creative lead on the design of the medals and torch presented at the Salt Lake 2002, Winter Olympics.<\/p>\n<p>\n        <strong>About Curiosity Ink Media LLC<\/strong><br \/>\n        <br \/>Curiosity is a global media company that develops, acquires, builds, grows and maximizes the short, mid &amp; long-term commercial potential of Kids &amp; Family entertainment properties and associated business opportunities. Driven by a highly experienced leadership team, CIM is committed to establishing a multi-faceted IP library designed to amass ongoing value through strategic stewardship, partnerships and highly targeted market entry.<\/p>\n<p>\n        <strong>About Grom Social Enterprises, Inc.<\/strong><br \/>\n        <br \/>Grom is a growing social media platform and original content provider of entertainment for children under 13 years of age, which provides safe and secure digital environments for kids that can be monitored by their parents or guardians. The Company has several operating subsidiaries, including Grom Social, Inc., which delivers its content through mobile and desktop environments (web portal and apps) that entertain children, let them interact with friends, access relevant news, and play proprietary games while teaching them about being good digital citizens. The Company owns and operates Top Draw Animation, Inc., which produces award-winning animation content for some of the largest international media companies in the world. Grom also includes Grom Educational Services, Inc., which has provided web filtering services for K-12 schools, government and private businesses. For more information, please visit <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=nDSFo1OE09RSwRUhRljKm1wm3pSPpZz6aDUvR0y7uGTNsvw0g2AOmmkIoztQklWzWbKV0Y8T70SMGTDfGmVN5g==\" rel=\"nofollow noopener\" target=\"_blank\"><u>gromsocial.com<\/u><\/a>.<\/p>\n<p>\n        <strong>Forward-Looking Statements<\/strong><br \/>\n        <br \/>This press release contains statements, which may constitute \u201cforward-looking statements.\u201d. Those statements include statements regarding the intent, belief, or current expectations of Grom and members of its management team as well as the assumptions on which such statements are based. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that may cause actual results to differ from those anticipated are discussed throughout the Company\u2019s reports filed with Securities and Exchange Commission which are available at www.sec.gov as well as the Company\u2019s web site at www.gromsocial.com. The Company undertakes no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results.<\/p>\n<p>\n        <strong>For Grom Social Enterprises, Inc.\/Curiosity Ink Media<\/strong><br \/>\n        <br \/>Marianne Romano<br \/>818-681-0849<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=acyfvpy6f-T2jYrkw5A8sC9vKRGAO3mBB_WTKrAouZJCJSXI6iCURVD26u5JaI_XZ8uhJsGCuiAlbNSfl1clPyOkuBESmpHlmeV8LDqPpcw=\" rel=\"nofollow noopener\" target=\"_blank\"><u>Romanomarianne@me.com<\/u><\/a><\/p>\n<p>\n        <strong>For Grom Social Investor Relations<br \/><\/strong>John McNamara\/TraDigital IR<br \/> 917-658-2602<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PIG2Z7zaX3yqoxXkvWqXnlwIlhCJ2QRTdqPMHLqb5EoAdCGAvBquL-QWeO3TOnxtytoRVnyNdrVsFnMc7v1jAlzGCsQeob4DvJikMBT3WUU=\" rel=\"nofollow noopener\" target=\"_blank\"><u>john@tradigitalir.com<\/u><\/a><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODI4ODAxNCM0MzE4NDUyIzUwMDAzMjA2OQ==\" width=\"1\" height=\"1\" \/><br \/>\n      <br \/>\n      <img loading=\"lazy\" decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/ml.globenewswire.com\/release\/track\/bd3c6c0c-1933-45f8-b12c-b4ec14440159\" width=\"1\" height=\"1\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Curiosity Executive Brent Watts to Join Grom in Key Leadership Role to Guide Growth, Strategy and Revenue Opportunities BOCA RATON, FL, July 29, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; Grom Social Enterprises, Inc.\u00a0(NASDAQ:\u00a0GROM) (\u201cGrom\u201d or the \u201cCompany\u201d) today announced it has entered into a definitive purchase agreement to acquire 80% of the equity and control of Curiosity Ink Media LLC (\u201cCuriosity\u201d or \u201cCIM\u201d) \u2013 a producer and developer of original kids and family content \u2013 which is expected to complement the Company\u2019s existing offerings of brand-safe social media for kids, animation production and web filtering solutions. Upon completion of the acquisition, Grom will retain one of the key architects of Curiosity\u2019s early success, Brent Watts, in his current role &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/grom-social-enterprises-inc-agrees-to-acquire-majority-control-of-kids-and-family-content-creator-curiosity-ink-media-llc\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Grom Social Enterprises, Inc. Agrees to Acquire Majority Control of Kids and Family Content Creator Curiosity Ink Media LLC&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-519819","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Grom Social Enterprises, Inc. Agrees to Acquire Majority Control of Kids and Family Content Creator Curiosity Ink Media LLC - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/grom-social-enterprises-inc-agrees-to-acquire-majority-control-of-kids-and-family-content-creator-curiosity-ink-media-llc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Grom Social Enterprises, Inc. Agrees to Acquire Majority Control of Kids and Family Content Creator Curiosity Ink Media LLC - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Curiosity Executive Brent Watts to Join Grom in Key Leadership Role to Guide Growth, Strategy and Revenue Opportunities BOCA RATON, FL, July 29, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; Grom Social Enterprises, Inc.\u00a0(NASDAQ:\u00a0GROM) (\u201cGrom\u201d or the \u201cCompany\u201d) today announced it has entered into a definitive purchase agreement to acquire 80% of the equity and control of Curiosity Ink Media LLC (\u201cCuriosity\u201d or \u201cCIM\u201d) \u2013 a producer and developer of original kids and family content \u2013 which is expected to complement the Company\u2019s existing offerings of brand-safe social media for kids, animation production and web filtering solutions. Upon completion of the acquisition, Grom will retain one of the key architects of Curiosity\u2019s early success, Brent Watts, in his current role &hellip; Continue reading &quot;Grom Social Enterprises, Inc. 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Agrees to Acquire Majority Control of Kids and Family Content Creator Curiosity Ink Media LLC - Market Newsdesk","og_description":"Curiosity Executive Brent Watts to Join Grom in Key Leadership Role to Guide Growth, Strategy and Revenue Opportunities BOCA RATON, FL, July 29, 2021 (GLOBE NEWSWIRE) &#8212; via NewMediaWire &#8212; Grom Social Enterprises, Inc.\u00a0(NASDAQ:\u00a0GROM) (\u201cGrom\u201d or the \u201cCompany\u201d) today announced it has entered into a definitive purchase agreement to acquire 80% of the equity and control of Curiosity Ink Media LLC (\u201cCuriosity\u201d or \u201cCIM\u201d) \u2013 a producer and developer of original kids and family content \u2013 which is expected to complement the Company\u2019s existing offerings of brand-safe social media for kids, animation production and web filtering solutions. Upon completion of the acquisition, Grom will retain one of the key architects of Curiosity\u2019s early success, Brent Watts, in his current role &hellip; Continue reading \"Grom Social Enterprises, Inc. 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