Grom Social Enterprises, Inc. (NASDAQ: GROM) is engaged as a social media company, which is focused on developing and distributing family-friendly entertainment content. Shares of the family entertainment company are surging 35% through early trading on Wednesday, October 6, 2021. Over the past three months, Grom Social Enterprises has seen average daily volume of 2.74 million shares. However, volume of 27.78 million shares or dollar volume of $119.45 million, has already exchanged hands through early trading Wednesday.
Shares of Grom Social Enterprises are rallying Wednesday, after the company announced that its subsidiary, Curiosity Ink Media, has announced the development of “The Pirate Princess,” a new and original intellectual property franchise for global theatrical release.
“The Pirate Princess” is set to debut as an original graphic novel in the Fall 2022, which will serve as a precursor to the planned film and other ancillary opportunities, such as a reoccurring series, consumer products and more.
“The Pirate Princess” follows an infant princess who washes ashore on an island led by no-nonsense but loving pirate capital who, along with his crew, help raise the child.
Grom Social Enterprises acquired Curiosity Ink Media in July 2021. The acquisition target previously announced it had begun production of “Baldwin’s Big Adventure,” a new franchise focusing on preschool-aged viewers.
Curiosity Ink Media is also working on a reoccurring animated series based on the hit YouTube shorts series, “Cats vs. Pickles.” Curiosity signed a multi-title publishing deal with Dynamite Entertainment to create several titles of published content.
“The Pirate Princess is a classic fairy tale with a contemporary attitude,” said Russell Hicks, Curiosity Ink Media’s Chief Content Officer. “It has the potential to connect emotionally with audiences, offering unexpected twists on timeless moral messages about family loyalty, staying true to who you are, and being courageous. It will be a big screen musical adventure that can be enjoyed by all ages.”
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