Truth Social to Launch Streaming Platform
April 16 2024 - 7:24AM
Trump Media & Technology Group Corp. (NASDAQ:DJT) (“TMTG” or
the “Company”), operator of the social media platform Truth Social,
announced today that after six months of testing on its Web and iOS
platforms, the Company has finished the research and development
phase of its new live TV streaming platform and will begin scaling
up its own content delivery network (“CDN”).
TMTG plans to roll out its streaming content in three
phases:
- Phase 1: Introduce Truth Social’s CDN
for streaming live TV to the Truth Social app for Android, iOS, and
Web.
- Phase 2: Release stand-alone Truth
Social over-the-top (“OTT”) streaming apps for phones, tablets, and
other devices.
- Phase 3: Release Truth Social streaming
apps for home TV.
The streaming content is expected to focus on live TV including
news networks, religious channels, family-friendly content
including films and documentaries; and other content that has been
cancelled, is at risk of cancellation, or is being suppressed on
other platforms and services.
“We’re excited to move forward with the next big phase for Truth
Social,” said TMTG CEO Devin Nunes. “With our streaming content, we
aim to provide a permanent home for high-quality news and
entertainment that face discrimination by other channels and
content delivery services. There is a lot of great content that
simply can’t find an audience for unjust reasons, and we want to
let these creators know they’ll soon have a guaranteed platform
where they won’t be cancelled.”
Much like the Truth Social platform, the Company's CDN is
intended to operate efficiently, cost-effectively and independent
of Big Tech. The network is designed to be user friendly,
incorporating cutting edge technology to optimize speed,
performance, and security for video streaming while minimizing
interruptions. TMTG’s CDN is expected to greatly enhance and expand
Truth Social, an iconic Trump brand whose free-speech mission
resonates deeply with its community of users and supporters.
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.
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.
You should not place undue reliance on forward-looking
statements. Although we may elect to update forward-looking
statements in the future, we disclaim any obligation to do so, even
if our assumptions and projections change, except where applicable
law may otherwise require us to do so. Forward-looking statements
are not guarantees of performance. Readers should not put undue
reliance on these statements, which speak only as of the date
hereof. All forward-looking statements attributable to us or
persons acting on our behalf are expressly qualified in their
entirety by the cautionary statements herein. Important factors
that may affect these projections or expectations include, but are
not limited to: statements about the ability of TMTG to realize the
benefits from the business combination; the ability of TMTG to
maintain the listing of TMTG common stock on Nasdaq; ability to
realize the benefit of the streaming services, its cost
effectiveness, performance, stability, and future financial
performance following the business combination; the impact of the
outcome of any known or unknown litigation or other legal
proceedings; the ability of TMTG to forecast and maintain an
adequate rate of revenue growth and appropriately plan its
expenses; expectations regarding future expenditures of TMTG; the
future revenue and effect on gross margins of TMTG; the attraction
and retention of qualified directors, officers, employees, and key
personnel of TMTG; the ability of TMTG to compete effectively in a
competitive industry; the impact of the ongoing legal proceedings
in which President Donald J. Trump is involved on TMTG’s corporate
reputation and brand; expectations concerning the relationships and
actions of TMTG and its affiliates with third parties; the short-
and long-term effects of the consummation of the business
combination on TMTG’s business relationships, operating results,
and business generally; the impact of future regulatory, judicial,
and legislative changes in TMTG’s industry; the ability to locate
and acquire complementary products or product candidates and
integrate those into TMTG’s business; Truth Social, TMTG’s initial
product, and its ability to generate users and advertisers; future
arrangements with, or investments in, other entities or
associations; competition and competitive pressures from other
companies in the industries in which TMTG operates; and changes in
domestic and global general economic and macro-economic conditions.
For a discussion of these important factors and other risks, please
read the information set forth under the caption “Risk Factors” in
our Annual Report on Form 10-K for the fiscal year ended December
31, 2023. Other sections of the annual report describe additional
factors that could adversely affect our business, financial
condition, or results of operations. New risk factors emerge from
time to time and it is not possible to predict all such risk
factors, nor can we assess the impact of all such risk factors on
our business, or the extent to which any factor or combination of
factors may cause actual results to differ materially from those
contained in any forward-looking statements.
Investor Relations ContactShannon Devine (MZ
Group | Managing Director - MZ North America)Email:
shannon.devine@mzgroup.us
Media Contactpress@tmtgcorp.com
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