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(GROM) - Curiosity Ink Media Partners with Global Production & Distribution Group Toon2Tango to Develop & Animate Baldwin s Big Adventure for Preschoolers
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Grom Social s Top Draw Animation Subsidiary Ramps Up Production as Demand for Premium Content Grows in Post-Pandemic World
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Source: GlobeNewswire (MIL-OSI)
BOCA RATON, June 16, 2021 (GLOBE NEWSWIRE) via NewMediaWire Grom Social Enterprises, Inc. (NASDAQ: GROM) (“Grom”, the “Company”) a social media platform and original content provider for children under the age of 13, today announced the pricing of an underwritten public offering of 2,409,639 units at a public offering price of $4.15 per unit for aggregate gross proceeds of approximately $10.0 million prior to deducting underwriting discounts, commissions, and other offering expenses. Each unit is comprised of one share of common stock and one warrant to purchase one share of common stock. Each warrant is exercisable for one share of common stock at an exercise price of $4.565 per share and will expire five years from issuance. In addition, the Company has granted the underwriters a 45-day option to purchase up to an additional 361,445 shares of common stock and/or warrants to purchase up to 361,445 shares of common stock at the public offe
A 3-Pronged Approach to Kid-Friendly Digital Services Launches Grom Social Onto the NASDAQ Exchange
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Online Entertainment Market Size Could Exceed $650 Billion By 2027
FinancialNewsMedia.com News Commentary
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PALM BEACH, Fla., May 6, 2021 /PRNewswire/ Online entertainment involves accessing entertainment material, including music, videos, books, and games over internet. Surge in internet penetration and increase in adoption of smart devices such as smartphones, smart TVs, and laptops have boosted the number of netizens who have shifted their preference toward online entertainment. Presently, online social media entertainment has gained major popularity, as people are getting increasingly involved in producing videos, music, and images on various social media platforms such as Instagram, Facebook, Tumblr, LinkedIn, and WhatsApp. Thus, an increase in popularity of social media platforms is expected to boost the growth of the online entertainment market during the forecast period. A report from Allied Market Research projected that the online e