The company behind Truth Social, President Donald Trump’s well-known social media platform, the Trump Media & Technology Group Corp. (TMTG), has plans to further develop its media reach. A fresh licensing agreement will now see the free speech firm acquire technological assets designed to boost its foray into streaming.
TMTG’s vision to transform its content distribution network includes a strategic roll-out starting with Truth Social before expanding into standalone apps.
This development is part of TMTG’s wider plan to broaden its range of services and grow its user base. To facilitate this expansion, TMTG also sealed a long-duration equity funding agreement. According to the specifics of the arrangement, TMTG is now geared to amplify its TV streaming services.
Following the successful completion of closing prerequisites, the Perception Group and its associates are anticipated to yield global non-exclusive, non-terminating licensing rights for new Content Delivery Network (CDN) technology.
This technology will be leveraged by TMTG to power its content distribution platform.
In return, Perception will endure limitations on operating in US markets, specifically around areas of potential competition with TMTG for the next five years. This deal contains provisions that might enable TMTG to outright acquire Perception 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 canceled 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 is preparing to launch a premium streaming service that stands resilient against being silenced by larger technology corporations. With the focus on hosting an array of content from news shows, religious channels, and family-friendly content, to programs under threats of cancelation or already-canceled shows, this service aims to diversify the digital media landscape.
