Cutting children off from the convenience, connection, knowledge and entertainment available online carries a risk of stunting their growth in the modern age. On the other hand, it’s vital to keep kids as safe as possible while enjoying the positive things the internet offers. Luckily, companies like Grom Social Enterprises, Inc. (NASDAQ:GROM) exist to address this issue for children and families.

By working to adhere strictly to guidelines of the Children's Online Privacy Protection Act (COPPA)) for kids under 13, Grom developed a social media and educational platform that uses algorithms to protect children. This design keeps kids away from bullying, racism and negativity while educating them what they should and shouldn’t do online.

In April, Grom announced its planned acquisition of Curiosity Ink Media, an original kids & family storytelling production company, founded and led by former Nickelodeon President of Animation & Live Action, Russell Hicks. Recognizing the scarcity of programming libraries and the game-changing possibilities presented by original IP, Hicks set out in 2017 to cultivate compelling, story-driven content -- TV series, theatrical films, e-commerce, consumer products and publishing, just to name a few -- that now sit firmly in the Grom family of assets. 

To produce the award-winning animation located on the platform, Grom relies on a team of over 500 artists at its subsidiary, Top Draw Animation, Inc., in the Philippines to create top-notch animations. In fact, you might already know their work from the impressive animations they supplied for Walt Disney Co (NYSE:DIS), Cartoon Network, Nickelodeon, Warner Bros., Scholastic Corp (NYSE:SCHL) and Hasbro, Inc. (NYSE:HAS).

As you know, the internet is an unmatched source for education, and kids worldwide have come to depend on its information access and reliability. So, in line with the Children’s Internet Protection Act (CIPA), Grom Educational Services, Inc. incorporated a web-filtering solution that monitors online activity for kids as they learn. NetSpective web filter has served thousands of schools and has reached millions of children since its inception and includes a proprietary Digital Citizenship License Program. This contains not only exclusive educational content but also monitors online activity for kids as they learn.

As with most companies during the pandemic, Grom took a dip in revenue. But with the excellent and much-needed products targeting the growing population of online kids, it has returned to pre-COVID revenue levels. Not only is that a testament to the flexibility and strength of the company, but it also highlights the quality of the products they offer to kids and families.

In the past several weeks, Grom has welcomed several new executives, including the aforementioned Hicks as well as Paul Ward, both of whom are acclaimed veterans of ViacomCBS’s Nickelodeon. With a unique brand position in safe social media for kids, fresh IP for a variety of kids and families, Internet safety for school and top-shelf animation production for global entertainment providers, the new Grom is poised and ready to become a force in kids and family entertainment.

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