Trump media group plans subscription video service

Media group Trump announced on Tuesday that it is negotiating with Canadian online video platform Rumble to provide a stage for a subscription video-on-demand service.

The organization led by former US President Donald Trump said it had already signed an agreement for the specialist company, which is popular with political conservatives, to provide “a wide range of cloud technologies and services.”

Trump Media and Technology Group (TMTG) has launched an online “Truth Social” platform for guests using Rumble, according to a statement.

“I selected the Rumble Cloud to serve as the critical backbone of the TMTG infrastructure,” Trump said in the statement.

The 75-year-old was kicked from Twitter – his favorite communication channel as president – as well as from Facebook and YouTube after the January 6 uprising in which a crowd of Trump supporters, enraged by his repeated false claims that the November 2020 election was stolen from him assaulted the United States Capitol.

Rumble will handle online video streaming for Truth Social, and talks are underway for the company to use its technology for an on-demand subscription video product called TMTG +, the statement said.

U.S. regulators are reviewing a deal between Trump’s fledgling social media company and an investment vehicle to bring the former president’s business to the stock market, documents showed last week.

The companies, once merged, said they plan to launch the nationwide “TRUTH Social” social media platform early next year, hoping to compete with services like Twitter. .

Digital World Acquisition Corp, already listed on Wall Street, announced at the end of October its merger with TMTG, allowing the ex-president’s company to be listed without the usual procedures.

Digital World is a Special Purpose Acquisition Company (SPAC), sometimes referred to as a “blank check” company because it is incorporated for the sole purpose of merging with another entity.

Trump says the new platform will be an alternative to the Silicon Valley internet companies he says are biased against him and other conservative voices.

Currently available for pre-order on the App Store, its launch is scheduled for the first quarter of 2022.

gc / jh

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