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Trump’s Truth Social plans to launch live TV streaming platform | TechCrunch

Truth Social, the social media platform owned by Donald Trump’s media company, has announced plans to launch a live TV streaming platform. The platform will focus on “news networks” and “religious channels,” as well as “other content that has been canceled, is at risk of cancellation, or is being removed on other platforms and services,” according to A press release. The service will also offer “family” content, including films and documentaries.

The streaming service will launch in three phases. The company first plans to introduce Truth Social’s CDN (content delivery network) for streaming to the Truth Social app for Android, iOS, and web. Next, Truth Social plans to launch over-the-top (“OTT”) streaming apps for phones, tablets and other devices. The final phase of the rollout involves the launch of a streaming app for TVs.

The Trump Media & Technology Group (TMTG) says it has tested the streaming service on its web and iOS platforms for six months and has “completed the research and development phase.”

“We are excited to move forward into the next big phase of Truth Social,” said Devin Nunes, CEO of TMTG, in the press release. “With our streaming content, we aim to provide a permanent home of high-quality news and entertainment that faces discrimination from other channels and content streaming services.”

The announcement comes as Elon Musk’s X works to transform the social media site into a place of free speech. “video first” platform. The social network currently has an original show hosted by former Congresswoman Tulsi Gabbard and another by former Fox Sports host Jim Rome. Last month, Musk canceled a talk show deal with former CNN anchor Don Lemon after the multi-billionaire was interviewed for the show’s first episode.

Truth Social went public last month after shareholders approved the merger of TMTG and Digital World Acquisition, a special purpose acquisition company (SPAC). The company’s shares fell this week after it announced it would sell more shares to raise cash. Although the company is worth billions of dollars, TMTG is struggling to make money: it reportedly posted a net loss of around $49 million in 2023 and had revenue of just under of 4 million dollars.

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