Former President Trump’s media company has signed a deal with video platform Rumble, which will provide video and streaming for Trump’s new social media network.
The Trump Media & Technology Group (TMTG) announced in a statement on Tuesday that it has entered into a “wide-ranging technology and cloud services agreement” with Rumble Inc.
TMTG said Rumble will “provide video and streaming for TRUTH Social,” the company’s new social media network unveiled in October. Trump’s company also said the two companies are “in exclusive negotiations for Rumble to provide infrastructure and video delivery services for TMTG’s Subscription Video On-Demand product, TMTG+.”
TMTG called Rumble a “high growth neutral video distribution platform”. the the band’s website says so “to create[s] technologies that are immune to the cancellation of culture”, and is a platform “for people with something to say and something to share, who believe in authentic expression and want to control the value of their own creations.
The platform has become popular among Republicans. The Wall Street Journal revealed in May that conservative venture capitalists Peter Thiel and JD Vance, also a candidate for the Ohio Senate, were investing in the company.
Narya Capital, a venture capital fund co-founded by Vance and Colin Greenspon, led the investment with Thiel, according to the Journal. Colt Ventures, the family office of former Trump adviser Darren Blanton, is also said to have invested in the platform.
Trump, in a statement on Tuesday, said his company “continues to align itself with service providers that do not discriminate against political ideology” consistent with its mission.
“Therefore, I chose the Rumble Cloud to serve as the essential backbone of the TMTG infrastructure,” he added.
Chris Pavlovski, Founder and CEO of Rumble, said the company is “excited to provide cloud technologies and services to TMTG.”
“We continue to build the infrastructure to provide a free, open and neutral Internet. Rumble was designed to be immune to cancel culture, and we’re at the forefront of a movement that believes everyone benefits from access to a neutral platform that hosts various ideas and opinions,” he added.
TMTG made headlines earlier this month when Rep. Devin Nunes (R-California) announced his intention to resign from Congress at the end of this month to become the company’s CEO. He is expected to take up his new duties next month.
Nunes told his constituents he had “a new opportunity to fight for the most important issues that I believe in.”
Financial regulators are currently investigating the proposed merger between TMTG and Digital World Acquisition Corp., a special purpose acquisition company.
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