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New York Times
a day ago
- Business
- New York Times
What's Going on With Trump Media's Streaming Service?
In the streaming era, incremental news from a tiny upstart with limited content, few bells and whistles, and zero original programming normally wouldn't command too much attention. Unless the majority owner of that upstart is President Trump. Truth+, the little-known, year-old video streaming service started by Trump Media & Technology Group, said last week that it had expanded globally. The announcement helped generate enough buzz to bump up the price of the holding company's sagging stock, at least for now. It also provoked a question: What is Truth+, anyway? It promises 'non-woke' news and entertainment. Trump Media and Technology Group, a publicly traded company, announced plans in late 2021 to introduce a video-on-demand service called TMTG+. The company said the service would focus on 'non-woke' entertainment. In press materials, the company cast TMTG+ as a direct competitor to Netflix, Disney+ and Hulu. Nothing more was said about it until April 2024, when Trump Media's president and chief executive, the former Republican representative Devin Nunes, said it 'had finished the research and development phase of its new live TV streaming platform' and would soon begin rolling it out. 'We aim to provide a permanent home for high-quality news and entertainment that face discrimination by other channels and content delivery services,' Mr. Nunes said. The service, renamed Truth+, formally debuted last August. It was first accessible through the Truth Social website or app, and stand-alone Truth+ apps for Android and iPhone dropped a few months later. Want all of The Times? Subscribe.
Yahoo
07-07-2025
- Business
- Yahoo
Trump's media company has teamed up with one of his favorite propaganda outlets
On Monday, President Donald Trump's media company unveiled a television streaming platform called Truth+ and announced that Newsmax — a propaganda outlet known for its pro-Trump content — will be a flagship channel. As The Wrap reports: Trump Media, which operates the social media platform Truth Social used heavily by Donald Trump, launched Truth+ globally on Monday, with the flagship Newsmax channel available to stream on the platform. Trump Media describes the platform's focus as 'family-friendly live TV channels and on-demand content.' Trump Media's CEO is former Rep. Devin Nunes of California, a MAGA loyalist. 'There is clearly a need globally for fresh perspectives on the great issues of our day, and we're laying the groundwork to challenge the woke news monolith with hard-hitting, non-woke reporting and commentary,' Nunes said in a statement. That appears to be MAGA-speak for 'we're going to be peddling far-right propaganda worldwide.' This means the president is now financially intertwined with a propaganda platform he frequently welcomes into the White House briefing room — an outlet embroiled in a legal fight over falsehoods it aired regarding the 2020 election. And earlier this year, Newsmax and MAGA-friendly outlet The Blaze were granted entry to the White House press pool, in place of HuffPost and Reuters, as part of what appeared to be an effort to add more Trump-aligned outlets. It's the type of seemingly corrupt setup one imagines Hungary's illiberal leader, Viktor Orbán, dreaming of back in 2022, when he advised Republicans that having their 'own media' was essential for combating liberals and constructing a society like his, which Orbán has called an 'illiberal democracy.' It's possible that Truth+ goes the way of Truth Social and boasts only a meager base of users. But the effectiveness of the streaming platform (or lack thereof) is arguably less disturbing than the fundamental intent, which appears to be to build up the president's propagandistic media empire. Trump's continued ownership of a private media company he relies on to help spread propaganda should arguably be a scandal in and of itself. And his official, for-profit partnership with a news outlet that reports on him only adds another layer of controversy. This article was originally published on
Hindustan Times
07-07-2025
- Business
- Hindustan Times
Trump Media launches global streaming platform Truth+ with Newsmax channel
Trump Media and Technology Group on Monday launched a TV streaming platform, Truth+, globally with the Newsmax channel to support the company's expansion. US President Donald Trump owns majority of Trump Media & Technology Group, which also operates Truth Social. (Reuters) Trump Media users can now access streaming channels and on-demand video through the Truth apps on iOS, Android, web, and connected TV platforms, including Apple TV, Android TV, Amazon Fire TV, and Roku. The launch of Truth+ TV streaming platform also allows conservative news channel Newsmax to increase its presence outside the United States. Truth Media, which also operations 'Truth Social', is largely owned by US President Donald Trump. "We're gratified by the fast introduction of Truth+ to international markets and look forward to completing the rollout across all devices and operating systems. I'd like to thank Newsmax in particular for partnering with Trump Media for this expansion, which will bring the network's unique programming to major new markets. There is clearly a need globally for fresh perspectives on the great issues of our day, and we're laying the groundwork to challenge the woke news monolith with hard-hitting, non-woke reporting and commentary," said Trump Media's CEO and Chairman Devin Nunes. The Truth+ apps can be downloaded from the relevant app stores around the world. The company had begun beta testing the global rollout of the Truth TV streaming platform in late June and said it would continue to do so, collecting user feedback as the rollout progresses. Along with operating Truth Social, Truth+ TV streaming platform, Truth Media is also launching a financial services and FinTech brand incorporating the President's "America First" investment vehicles. Shares of Trump Media and Technology Group rose about 0.6 per cent at $19.06, while Newsmax shares tumbled 2.6 per cent to $14.65 in morning trading.
Forbes
01-07-2025
- Business
- Forbes
Trump Media Takes Truth+ Streaming Global After President Slashes Voice Of America
President Donald Trump's media company is testing a global rollout of its streaming platform, raising conflict-of-interest questions, just months after he ordered sharp cuts to Voice of America, the U.S.-funded broadcaster that's delivered international news for decades. President Donald Trump speaks in front of a map of his proposed "Golden Dome" missile defense system ... More in the White House on May 20. (Photo by) Getty Images Trump Media & Technology Group (NASDAQ: DJT), the parent company of Truth Social—of which Trump owns 114.8 million shares—announced Monday it's beta testing an international rollout of its streaming platform, Truth+, aiming to expand beyond North America. Trump Media CEO and chairperson Devin Nunes said in a statement accompanying the news: 'International viewers who want to get the other side of the story will soon have an easy opportunity to do so.' The global push follows Trump's February executive order slashing Voice of America's parent company's work to the ' by law,' with the White House labeling the outlet 'the voice of radical America.' Voice of America is the largest U.S. international broadcaster, reaching 354 million people a week in 50 languages, and is funded by Congress 'to provide comprehensive coverage of the news and tell audiences the truth,' according to its website. Trump Media did not share a date for when it plans to officially launch Truth+ globally. Spokespeople for Trump Media and the Trump Organization did not respond to requests for comment, but White House deputy spokesperson Anna Kelly told Forbes in a statement the president's assets are in a trust managed by his children and 'there are no conflicts of interest.' There's no evidence tying Trump Media's global push to his administration's move to slash Voice of America. While Trump Media's filings with the Securities and Exchange Commission and press releases don't appear to explicitly mention plans to take Truth+ global, its 2024 annual report does warn that foreign governments could restrict the streaming platform— suggesting overseas ambitions were on the radar. Chief Critic Noah Bookbinder, president of government ethics watchdog Citizens for Responsibility and Ethics in Washington and a former federal corruption prosecutor, told Forbes Trump's expansion raises perennial concerns about whether his decisions serve the country or his own bottom line. While most ethics laws don't apply to the president, Bookbinder said, the moves to shrink Voice of America and grow Trump Media abroad 'highlight the inherent conflicts posed by his ongoing business interests, which are ever expanding.' Trump can still earn income from his businesses while in office through the Donald J. Trump Revocable Trust, the same structure he used during his first term. He is its sole donor and beneficiary, while Donald Trump Jr. serves as the trustee. The Trump Organization confirmed in an April regulatory filing in the United Kingdom that Trump retains control over his businesses. Truth+ programming includes rightwing political content from outlets like Real America's Voice and One America's News Network, movies including flattering documentaries on Elon Musk and Clarence Thomas and Christian shows. Its international expansion will make Newsmax available globally for the first time. Meanwhile, Trump Media is in the midst of restructuring its finances. It raised $2.3 billion from institutional investors in May to buy bitcoin, registered a crypto ETF with the SEC and announced plans last week to buy back up to $400 million in shares. In 2024, Trump Media reported just $3.6 million in sales and a net loss of nearly $401 million, according to its annual report. News Peg The Trump administration announced it was laying off 639 employees at Voice of America's parent organization last month. On Friday, however, the administration reversed course, rescinding the notices after employees flagged errors in the terms, The New York Times reported. Big Number $2 billion. That's the value of Trump's 114.8 million shares in Trump Media, as of Tuesday's close. Surprising Fact Trump Media warned in May of possible 'material misstatements' in its financial filings, citing weak internal controls and a lack of SEC reporting expertise—though a company spokesperson told Forbes the filing was 'a routine disclosure that TMTG has repeatedly made in the past, and is typical for former shell companies, that does not in any way indicate an intention to restate any of TMTG's financial reporting.' Tangent Eric Swider, one of seven board members at Trump Media and a leader in the deal to take Truth Social public, has sold around 90% shares since November, netting roughly $4.4 million before taxes, SEC filings show. Swider did not respond to Forbes' inquiry and does not appear to have commented publicly on the sales. He is in the process of launching another blank-check company with Nunes. Forbes estimates Donald Trump's net worth at $5.2 billion. Editor's Note In November 2023, Trump Media sued 20 media outlets, including Forbes, for reporting that included calculations of its financial results while still a private company. The defendants have moved to dismiss the claims but the case is currently ongoing. Further Viewing The 3 Easy New Ways Anyone Can Funnel Money Directly To Donald Trump's Businesses (Forbes) CEO Devin Nunes Made $47 Million While Truth Social Parent Company Reported $401 Million In Losses In 2024 (Forbes) Trump Media Shares Rise After Planning Fintech Brand—Trump's Net Worth Spikes Over $200 Million (Forbes) Truth Social Hosted Party At Trump's Mar-A-Lago (Forbes) Trump-Linked SPAC Spent $10.8 Million On Legal Fees Amid Regulatory Probes (Forbes) When It Comes To Truth Social, Republicans In Congress Aren't Buying What Trump's Selling (Forbes)
Globe and Mail
30-06-2025
- Business
- Globe and Mail
Trump Media Begins Beta Testing Global TV Streaming
SARASOTA, Fla., June 30, 2025 (GLOBE NEWSWIRE) -- Trump Media and Technology Group Corp. (Nasdaq, NYSE Texas: DJT) ("Trump Media" or the "Company"), operator of the social media platform Truth Social, the streaming platform Truth+, and the FinTech brand announced today that the Company has begun beta testing the launch of Truth+ globally. The global launch will make most Truth+ TV streaming channels and video on demand content available on apps worldwide, joining the U.S., Canada, and Mexico, where Truth+ is now available via iOS, Android, and connected TV apps and on the web. For the first time, the launch will also make the flagship Newsmax channel available in international markets without the need for a VPN. Trump Media's CEO and Chairman Devin Nunes said, 'We're excited to deepen Trump Media's international footprint and bring a fresh perspective to viewers in Europe, Asia, and beyond. We're also thrilled to bring Newsmax to a global audience, who will see a dramatically different style and substance in news delivery. International viewers who want to get the other side of the story will soon have an easy opportunity to do so.' Newsmax CEO and President Chris Ruddy said, 'We're excited to partner with Trump Media as part of our growing distribution outside of the U.S. Being on Truth+ will introduce Newsmax to a new audience and will create a significant boost in viewership around the world.' The flagship Newsmax channel will be added to the web version of Truth+ already available internationally. As they are approved, Truth+ apps for iOS, Android, and connected TVs will become available in the relevant app stores around the world. About Trump Media The mission of Trump Media is to end Big Tech's assault on free speech by opening up the Internet and giving people their voices back. Trump Media operates Truth Social, a social media platform established as a safe harbor for free expression amid increasingly harsh censorship by Big Tech corporations, as well as Truth+, a TV streaming platform focusing on family-friendly live TV channels and on-demand content. Trump Media is also launching a financial services and FinTech brand incorporating America First investment vehicles. Trump Media's 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 Trump Media. We have based these forward-looking statements on our current expectations and projections about future events, including expected potential merger & acquisition activity, the rollout of products and features, the timing and price of any share or convertible note repurchases, our Bitcoin treasury strategy, the future plans, timing and potential success of the streaming services and the launch and success of our financial services and FinTech platform. 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. About Newsmax Newsmax Inc. is listed on the NYSE (NMAX) and operates, through Newsmax Broadcasting LLC, one of the nation's leading news outlets, the Newsmax channel. The fourth highest-rated network is carried on all major cable stations, as well as a major satellite system. Newsmax's media properties reach more than 40 million Americans regularly through Newsmax TV, the Newsmax App, its popular website and publications such as Newsmax Magazine. Through its social media accounts, Newsmax reaches 20 million combined followers. Reuters Institute says Newsmax is one of the top U.S. news brands and Forbes has called Newsmax "a news powerhouse.' Newsmax's Cautionary Statement About Forward-Looking Statements This communication contains forward-looking statements. From time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. Forward-looking statements can be identified by those that are not historical in nature. The forward-looking statements discussed in this communication and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties and assumptions about us. Newsmax does not guarantee future results, performance or achievements. Moreover, neither we nor any other person assumes responsibility for the accuracy or completeness of any of these forward-looking statements. Forward-looking statements should not be relied upon as predictions of future events. We are under no duty to update any of these forward-looking statements after the date of this communication to conform our prior statements to actual results or revised expectations, and we do not intend to do so. Factors that may cause actual results to differ materially from current expectations include various factors, including but not limited to the factors set forth in the sections entitled "Risk Factors" in Newsmax's Annual Report on Form 10-K for the twelve months ended December 31, 2024, Newsmax's Quarterly Report on Form 10-Q for the three months ended March 31, 2025, and other filings Newsmax makes with the Securities and Exchange Commission. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. Undue reliance should not be placed on forward-looking statements in this communication, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein. For more information, please visit Investor Relations | Newsmax Inc. 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