Trump Media Announces Release of Truth+ Streaming on the Web

Rhea-AI Summary

Trump Media & Technology Group (Nasdaq: DJT), operator of Truth Social, has launched its Truth+ TV streaming service on the web. The full range of Truth+ streaming options is now accessible at player.truthsocial.tv for Truth Social account holders. The web version enhances the existing platform offering with additional content and new features including VOD, live TV rewind, catch-up TV, network DVR, and a Spanish language interface.

Truth+ content includes news, entertainment, faith-based programming, weather, documentaries, and children's content. The service is already available as a native Android app and will soon be released for iOS. TMTG plans to expand to various connected TV platforms in the near future. The company emphasizes that its streaming technology is powered by a custom-designed Content Delivery Network using its own infrastructure, aiming to make the service 'uncancellable by Big Tech'.

Positive

• Launch of Truth+ TV streaming service on the web, expanding accessibility
• Addition of new features like VOD, live TV rewind, catch-up TV, and network DVR
• Planned expansion to iOS and various connected TV platforms
• Custom-designed Content Delivery Network for enhanced control and reliability

Negative

• None.

Insights

Tech Expert

The launch of Truth+ TV streaming on the web marks a significant expansion for Trump Media & Technology Group's digital offerings. This move positions TMTG to compete in the crowded streaming market, leveraging its existing Truth Social user base. The web launch complements the Android app and precedes iOS and connected TV platforms, indicating a phased rollout strategy.

Key features like VOD, live TV rewind and network DVR align with industry standards, while the Spanish language option could broaden the audience. The emphasis on "family-friendly content" and "uncancellable" technology appears targeted at a specific demographic and addresses concerns about platform dependence.

However, the success of Truth+ will depend on content quality, user adoption and technical performance. The ongoing beta testing suggests potential scalability challenges. While this launch expands TMTG's product ecosystem, its impact on revenue and user growth remains to be seen, especially given the competitive streaming landscape.

Market Research Analyst

The launch of Truth+ streaming on the web is a strategic move for TMTG, but its market impact is uncertain. With a market cap of $5.1 billion, TMTG is positioning itself as a multi-platform media company, potentially diversifying revenue streams beyond social media.

However, the streaming market is highly saturated, with giants like Netflix, Disney+ and Amazon Prime dominating. Truth+'s success will hinge on its ability to differentiate its content and attract a loyal user base. The focus on "family-friendly" and faith-based programming suggests a niche strategy, which could be both a strength and a limitation.

Investors should watch for key performance indicators in the coming months, including:

• User adoption rates and conversion from Truth Social to Truth+
• Content acquisition and original programming investments
• Technical performance and user satisfaction metrics
• Revenue generation model (subscription, advertising, or hybrid)

While the launch expands TMTG's product offerings, its financial impact and ability to drive substantial growth for the company remain to be proven.

All Truth+ streaming programming now available via website

All Truth+ streaming programming now available via website

SARASOTA, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) -- Trump Media & Technology Group (Nasdaq: DJT) ("TMTG" or the "Company"), operator of the social media platform Truth Social, announced today that it has successfully launched its Truth+ TV streaming service on the web.

At player.truthsocial.tv, Truth Social account holders can now access the full range of Truth+ streaming options on computers, laptops, and mobile phones, while a limited version of Truth+ remains available directly on the Truth Social platform. Viewers without a Truth Social account can create one at the player.truthsocial.tv website.

Already available as a native Android app and soon to be released as a native iOS app, Truth+ content includes news, entertainment, faith-based programming, weather, documentaries, children’s content, and more, featuring both linear TV channels and Video on Demand (VOD).  

The web and Android app versions of Truth+ enhance the streaming option now available on the Truth Social platform by adding additional content and numerous new features including VOD, live TV rewind with visual thumbnails, catch-up TV for up to seven days, network DVR, and a Spanish language interface option.

“Our streaming rollout continues with the release of the web version of Truth+,” said TMTG CEO Devin Nunes. “As we expand the available programming, we are offering our viewers outstanding streaming features, family-friendly content, and ultra-fast delivery on our own content delivery network.”

In addition to a Truth+ app for iOS devices, TMTG plans to introduce a wide range of connected TV platforms including Samsung, LG, Apple TV, Android TV and Amazon Fire devices in the near future.

TMTG anticipates that, as the rollout progresses, the Company will continue to stress and beta test the streaming technology while collecting input from users and to announce when testing is finished and the rollout is complete.

TMTG's ultra-fast streaming technology is powered through its custom-designed, multi-site Content Delivery Network (CDN) using the Company’s own servers, routers, and software stack, created with the goal of 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,” “soon,” “goal,” “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

What new features does the web version of Truth+ offer compared to the Truth Social platform?

The web version of Truth+ adds VOD, live TV rewind with visual thumbnails, catch-up TV for up to seven days, network DVR, and a Spanish language interface option.

When will Truth+ be available on iOS devices?

According to the press release, Truth+ will soon be released as a native iOS app, but no specific date was provided.

What types of content are available on Truth+ streaming service?

Truth+ offers a variety of content including news, entertainment, faith-based programming, weather, documentaries, children's content, and more, featuring both linear TV channels and Video on Demand (VOD).

How is Trump Media & Technology Group (DJT) ensuring the reliability of its streaming service?

TMTG is using a custom-designed, multi-site Content Delivery Network (CDN) with its own servers, routers, and software stack, aiming to make the service 'uncancellable by Big Tech'.