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Trump Media to launch a new streaming platform

The company behind Truth Social, former president Donald Trump’s social media platform, the Trump Media & Technology Group (TMTG), has plans to further extend its media reach with a new acquisition of technological assets designed to boost its foray into streaming.

On July 1st, TMTG joined the Russell 1000 and Russell 3000 indexes.

Trump Media & Technology Group:

Trump Media & Technology Group Corp. (Nasdaq: DJT) (“TMTG” or the “Company”), operator of the social media platform Truth Social, yet another of President Donald J. Trump’s iconic American brands, announced today that it signed an agreement to acquire assets intended to power TMTG’s planned content distribution network for streaming of linear TV – initially via the Truth Social platform and later through stand-alone apps. Additionally, the Company finalized a long-term equity financing arrangement to fund TMTG’s expansion over the next three years.

To advance TV streaming, and contingent on the satisfaction of closing conditions, TMTG expects to receive from Perception Group, Inc. and its affiliates (“Perception”) worldwide non-exclusive perpetual licensing rights for the new CDN technology that TMTG plans to use for its content distribution network. Additionally, Perception will face certain restrictions for five years on operating in the U.S. market in areas that may compete with TMTG. The agreement also includes a contingent opportunity for TMTG to purchase Perception outright in the future.

“We are committed to creating value for our stockholders by following our stated growth strategy of pursuing strategic opportunities, expanding Truth Social’s user base, and increasing product offerings and services,” said TMTG CEO Devin Nunes. “We are rapidly pushing forward with our plans to launch a high-quality streaming service that we believe cannot be cancelled by Big Tech. We believe this agreement will enable us to build a superior tech stack to support a cutting-edge streaming service. It’s a major step in fulfilling our mission to strengthen free expression and end Big Tech’s stranglehold on digital communication.”

TMTG’s streaming service is designed to host news shows and networks, religious channels, and additional family-friendly content that has been cancelled or is at risk of cancellation. The technology acquisition announced today will be financed at closing through TMTG’s issuance of up to 5,100,000 shares of its common stock, which shares shall be subject to certain trading restrictions, and $17.5 million that are expected to be paid over a period of three years.

Furthermore, in furtherance of TMTG’s growth strategy, the Company has secured an important financing option by entering into a standby equity purchase agreement (“SEPA”) with YA II PN, Ltd., an investment fund managed by Yorkville Advisors (“Yorkville”). Subject to certain customary conditions, the agreement grants TMTG the option, at its sole discretion, to issue up to $2.5 billion in shares of common stock to Yorkville over three years. The per share subscription price Yorkville will pay for the shares will be a 2.75% discount to the Market Price (as that term is defined in the SEPA) during a one- or three-day pricing period elected by the Company. TMTG intends to use the SEPA strategically to raise and deploy capital, using as little or as much of the SEPA amount as circumstances warrant, when market conditions and business opportunities justify doing so.

“TMTG has over $350 million in the bank and the iconic Trump brand,” said Nunes.

“Now, we’ve secured a great deal to guarantee access to additional capital, if necessary, to pursue big strategic opportunities as we look to build out our portfolio by acquiring assets and technologies in the Patriot economy.
Ynotisay · M
And on that big news the stock dropped another 3.6 percent today. Down 31 percent over the past month. Here's the clue tiger. "Access to additional capital."

But what you should most definitely do, if you're a REAL patriot, is take any savings you might have and drop it right in TMTG. Now's the time. Don't lose out on what will SURELY by a 'yuge" success.

Don't even think about the many bankruptcies. Those were due to the Marxist/Communist/Socialists who want to DESTROY your life.

So go for it bud. Let's see if you're real American. Go big or go home. Drop it all in. That's what Trump wants you to do and you NEVER want to let him down,.
justanothername · 51-55, M
@Ynotisay Hopefully after hearing this news LOTS of Republican supporters will do just that.
justanothername · 51-55, M
They say they have over $350 Million in the bank and in equities. In tech terms that’s chicken feed.

Netflix alone is currently worth $295 Billion US.
Facebook aka Meta is currently worth $1.344 Trillion US. Both companies have far greater reach than Truth Social.

Meta is set to spend $10 Billion on developing its AI technology this year.
This message was deleted by its author.
justanothername · 51-55, M
@MarmeeMarch You should invest your retirement savings in Trumos new streaming media company. 👍
pdxlinux · 41-45, M
i bought a few shares but only to show support for the concept and for the President. I acknowledge that there will not be a return on this investment for a long time. Buy 4 or 5 shares.
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pdxlinux · 41-45, M
@justanothername i dont think that there can be an ad supported version at this time. i'm taking your questions at face value even though i know that you feel that you are snarky/superiority complex. the point of having a fee is that the service is valuable and the subscribers recognize it to be a valuable service. as opposed to other services on the internet that prey upon people's desire to have something for nothing. as a business model, that approach did not offer much profit, until surveillance capitalism was discovered. don't listen to my words i know that you dont trust me, and assume that everything that i say must be from an ignorant person. i'm not intending to persuade you to change that opinion. i fully expect to make you eat it and take it up the you know what as deeply as possible when the time comes. a reckoning.
justanothername · 51-55, M
@pdxlinux My questions are genuine regarding the subscription model. Trump is absolutely welcome to launch his own streaming media app/platfom. I don’t have any issue with that at all. I just query his business model in the face of the competition who have mountains and mountains of cash to support their platforms and develop original content. If Trump wants to get into the streaming wars, go for it. They are very very expensive wars to fight. If people want to invest in Trump media, go for it. If you believe that Trump is as clever as he believes he is then I’m happy for you. 👍
justanothername · 51-55, M
If Trump media wants subscribers they need decent content to attract them with. Content costs money to produce or billlions to license it aka sports broadcasting.

Subscription expect cheap sub $14.99 a month subscriptions

Trump only has $350 million to play with.
exchrist · 31-35
Itll go bankrupt quick most of trumps holdings do.
Anniedlr · 26-30, F
Yet another Trump thing to ignore 🙂🙂
Musicman · 61-69, M
It's nice to know there is a social media source that can't be silenced.
justanothername · 51-55, M
@Musicman Oh it can be silenced by a lack of cash and lack of paying audience.
Musicman · 61-69, M
@justanothername True, but half the country loves the guy so no danger there. Four years ago Trump and his followers were silenced on Twitter and Facebook. It's nice to have a platform Where that won't happen.
justanothername · 51-55, M
@Musicman I highly recommend that you invest your retirement savings in Trumps new medua company. 👍
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