Fact Social, the social media platform owned by Donald Trump’s media firm, has introduced plans to launch a reside TV streaming platform. The platform will deal with “information networks” and “non secular channels,” together with “different content material that has been cancelled, is liable to cancellation, or is being suppressed on different platforms and companies,” in line with a press launch. The service may also function “family-friendly” content material, together with movies and documentaries.
The streaming service will launch in three phases. The corporate first plans to introduce Fact Social’s CDN (content material supply community) for streaming to the Fact Social app for Android, iOS and the online. Subsequent, Fact Social plans to launch over-the-top (“OTT”) streaming apps for telephones, tablets and different gadgets. The final part of the rollout includes the launch of a streaming app for TVs.
The Trump Media & Know-how Group (TMTG) says it has examined the streaming service on its net and iOS platforms for six months and has “completed the analysis and growth part.”
“We’re excited to maneuver ahead with the subsequent large part for Fact Social,” stated TMTG CEO Devin Nunes within the press launch. “With our streaming content material, we purpose to offer a everlasting house for high-quality information and leisure that face discrimination by different channels and content material supply companies.”
The announcement comes as Elon Musk’s X has been centered on making an attempt to show the social media website right into a free-speech “video-first” platform. The social community at present options an authentic present hosted by former congresswoman Tulsi Gabbard and one other by former Fox Sports activities host Jim Rome. Final month, Musk canceled a talkshow take care of former CNN anchor Don Lemon after the multibillionaire was interviewed for the primary episode of the present.
Fact Social went public final month after shareholders permitted a merger of TMTG and Digital World Acquisition, a particular function acquisition firm (SPAC). The corporate’s inventory slumped this week after it stated it will sell more shares to lift money. Though the corporate is value billions of {dollars}, TMTG is struggling to make cash: It reportedly had a internet lack of round $49 million in 2023 and made just below $4 million in income.
Appfigures tells For Millionaires that Fact Social has been downloaded near seven million occasions throughout the iOS App Retailer and Google Play mixed.
