Trump Media & Technology Group Begins TV Streaming Rollout

Rhea-AI Summary

Trump Media & Technology Group (Nasdaq: DJT), operator of Truth Social, has begun rolling out its streaming platform, Truth+. The company is moving its beta testing of linear TV streaming to a new content delivery network (CDN). After testing, the service will be available to all Truth Social users on Web, Android, and iOS platforms.

Users will access Truth+ through an icon on the Truth Social platform, offering streaming content as stand-alone channels or in a picture-in-picture window. The initial slate will include news, commentary, weather, lifestyle, and entertainment channels, with plans to expand into Christian and family-friendly content.

TMTG is working to close a perpetual licensing deal for CDN technology and is developing its own tech stack and hardware infrastructure to make the CDN 'uncancellable'. Future phases will introduce streaming apps with enhanced features and the ability to watch content on in-home TV sets.

Positive

• Launch of Truth+ streaming platform, expanding TMTG's product offerings
• Development of proprietary CDN technology to ensure platform independence
• Planned expansion into diverse content categories, potentially attracting a wider audience
• Integration of streaming service with existing Truth Social platform, potentially increasing user engagement

Negative

• Significant investment required for developing and maintaining proprietary CDN infrastructure
• Potential challenges in competing with established streaming services
• Dependence on closing the perpetual licensing deal for CDN technology

News Market Reaction – DJT

+7.39%

1 alert

+7.39% News Effect

On the day this news was published, DJT gained 7.39%, reflecting a notable positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

Company Launches Uncancellable Content Delivery Network

SARASOTA, Fla., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, announced today that the Company has commenced the phased rollout of its streaming platform, Truth+.

Today, TMTG begins moving existing beta testing of its Truth Social linear TV streaming to the Company’s new content delivery network (“CDN”). After rigorous stress testing, the initial streaming service is expected to become available to all Truth Social users on the Web, followed shortly by its rollout on Android and iOS.

Once the CDN is deployed and tested, a Truth+ streaming icon on the Truth Social platform will provide access to the streaming service. By clicking the icon, users will be able to access streaming content as stand-alone channels or in a separate picture-in-picture (“PiP”) window while scrolling on the Truth Social platform. iOS users will need to update their Truth Social app to access streaming. No updates or downloads will be required for Android or Web users.

The initial slate of streaming options is expected to include channels comprising news, commentary, weather, and lifestyle and entertainment. TMTG plans to expand programming as its streaming rollout continues, focusing on news, Christian content, and family friendly content. As part of its strategy, TMTG is continuing to work toward closing the previously announced perpetual licensing deal for CDN technology.

“First, we created Truth Social to provide a safe harbor for free speech on the Internet,” said TMTG CEO Devin Nunes. “Now, we’re establishing a reliable home for great TV content that is neglected by the big corporations or is at risk of cancellation—and we are securing our own tech stack and hardware infrastructure to make our new CDN uncancellable. I look forward, in the near future, to launching many enhancements and adding great, new content to the platform.”

The introduction of these channels is the initial phase of Truth Social’s TV streaming platform. The next phase is expected to feature the introduction of streaming apps integrated with the Truth Social platform that will offer enhanced features, including an interactive 14-day electronic guide, instant catch-up TV on any show broadcast in the previous 7 days, network DVR, video on demand, and more. Following that, TMTG plans to introduce apps that provide the ability to watch streaming content on in-home TV sets.

TMTG’s ultra-fast streaming technology will be powered through specially designed infrastructure with its own servers, routers, and proprietary software stack. Thus, TMTG will gain full control over its tech delivery stack for streaming across private network CDN, rendering the service uncancellable by Big Tech.

About TMTG 

The mission of TMTG is to end Big Tech’s assault on free speech by opening up the Internet and giving people their voices back. TMTG operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations.

Investor Relations Contact 

Shannon Devine (MZ Group | Managing Director - MZ North America) Email: shannon.devine@mzgroup.us

Media Contact 

press@tmtgcorp.com

Cautionary Statement About Forward-Looking Statements

This press release includes forward-looking statements regarding, among other things, the plans, strategies, and prospects, both business and financial, of TMTG. We have based these forward-looking statements on our current expectations and projections about future events, including the future plans and potential success of the streaming services under the CDN. Although we believe that our plans, intentions, and expectations reflected in or suggested by these forward-looking statements are reasonable, we cannot assure you that we will achieve or realize these plans, intentions, or expectations. Forward-looking statements are inherently subject to risks, uncertainties, and assumptions. Generally, statements that are not historical facts, including statements concerning possible or assumed future actions, business strategies, events, or results of operations, are forward-looking statements. These statements may be preceded by, followed by, or include the words “believes,” “estimates,” “expects,” “projects,” “forecasts,” “may,” “will,” “should,” “seeks,” “plans,” “scheduled,” “anticipates” or “intends” or similar expressions. Forward-looking statements are not guarantees of future performance, and involve risks, uncertainties and assumptions that may cause our actual results to differ materially from the expectations that we describe in our forward-looking statements. There may be events in the future that we are not accurately able to predict, or over which we have no control.

FAQ

When will Truth+ streaming be available to all Truth Social users?

After rigorous stress testing, Truth+ streaming is expected to become available to all Truth Social users on the Web, followed shortly by its rollout on Android and iOS platforms.

What types of content will be initially available on Truth+ streaming?

The initial slate of streaming options on Truth+ is expected to include channels comprising news, commentary, weather, lifestyle, and entertainment content.

How will TMTG (DJT) ensure that its streaming service is 'uncancellable'?

TMTG is developing its own tech stack and hardware infrastructure, including servers, routers, and proprietary software stack, to gain full control over its tech delivery stack for streaming across a private network CDN.

What future enhancements are planned for the Truth+ streaming service?

Future phases of Truth+ are expected to include streaming apps with enhanced features such as an interactive 14-day electronic guide, instant catch-up TV, network DVR, video on demand, and the ability to watch streaming content on in-home TV sets.