Grom Social Enterprises Acquires Arctic7

Grom Social Enterprises Acquires Arctic7

Business

15 March 2024 08:06

Arctic7, a company offering comprehensive game development services and proprietary intellectual property development in gaming, as well as virtual production services for the film and television sectors, has confirmed its acquisition by Grom Social Enterprises, Inc. The financial details of the deal were not revealed.

Arctic7 CEO Igor Efremov stated "Our vision for Arctic7 is to become a leader in the gaming and film & TV space, offering full game development, co-development, transmedia and virtual production capabilities and ensuring we continue to develop a world class team together with strong relationships across the industry. Teaming up with Grom allows us to more vigorously pursue a roll-up strategy approach to potentially expand our business even further."

Tags: Grom Social

Share:

Sources:

Report mistake Submit news

Related news

View All

Everyone's Reviving Old Hardware, and That Tells You Everything

Now we are going back generations, this is a unique moment in hardware industry. Intel reportedly cranking production back up...

Business

Jul 03, 2026

Sony Doubles Down on AI as Foundational to PlayStation's Future

Sony is insisting that its AI use is "less about cost efficiency and more about improving quality and development speed,"...

Business

Jul 03, 2026

Vitality Sign Fiesta to Replace Humanoid for LEC Summer

Team Vitality has announced that An "Fiesta" Hyeon-seo will take over in the mid lane for the LEC 2026 Summer...

Business

Jul 01, 2026

Rockstar Workers Are Unionising When It Hurts Rockstar Most

Workers are twisting the arm of Rockstar to get what they want. Rockstar staff pushing to unionise in the weeks...

Business

Jul 01, 2026

PS6 Reportedly Costs Nearly $1,000 to Build Already

$1000 for PS is not far apparently. The PlayStation 6's manufacturing cost has reportedly climbed to around $960 per unit,...

Business

Jun 29, 2026