Grom Social, Arctic7 launch synergy council to explore gaming production

Grom Social Enterprises, which recently announced that it has entered into a Letter of Intent to acquire Arctic7, announced the formation of a synergy council that will, upon completion of the acquisition, explore gaming production and other opportunities for ancillary revenue growth. Grom intends to explore ways Arctic7’s proven expertise can complement its existing entertainment offerings of safe, social media for kids, its growing catalog of original intellectual properties and its robust 2D animation production studio, based in Manila, the Philippines. Specifically, the synergy council will be tasked with delving into ways Grom might embrace kid- and family-friendly gaming into the company’s platforms, create original content together and pursue opportunities the acquisition presents for Top Draw Animation’s 300+ animation pros.