Grom Social, a “safe social network created by kids for kids,” announced this week that it has acquired 100% of Manila, Philippines animation studio Top Draw Animation (TDA). The purchase was made by Grom’s parent company, the privately-held Grom Holdings. Financial terms of the deal were not disclosed.
Top Draw Animation provides animation services for numerous TV series including Hasbro’s My Little Pony: Friendship is Magic and Transformers: Rescue Bots, Dreamworks’ The Mr. Peabody & Sherman Show, Warner Bros.’ The Tom and Jerry Show, and Cartoon Network Asia’s Exchange Student Zero. Founded by Wayne Dearing in 1999, the company produces more than 200 half-hours of 2D digital animation annually.
Grom Social, which claims to have more than 3 million registered members, was founded in 2012 by then 12-year-old Floridian Zach Marks. The company’s president is Sander Schwartz, a kids’ entertainment veteran who was the president of Warner Bros. Animation in the early-to-mid-2000s, and prior to that was the president of Sony Pictures Family Entertainment Group. More recently, he was president of kids and family entertainment at FremantleMedia.