Donald Trump’s media company launched Truth+, a global streaming platform featuring Newsmax, to expand its reach and offer on-demand content across multiple devices, with ongoing beta testing and user feedback collection.
Trump Media & Technology Group, the company behind Truth Social, saw its stock plummet over 10% after announcing the launch of a live TV streaming platform, causing its market valuation to drop by more than half since its debut. The streaming service aims to provide a platform for content that has been canceled or suppressed on other channels, but concerns over the company's profitability persist as it disclosed significant losses and registered the resale of its outstanding securities.
Trump Media & Technology Group, the company behind Truth Social, announced the launch of a live TV streaming platform, causing its stock to tumble by 14%. The streaming service will include news, religious channels, and "family-friendly content," as well as content that has been canceled or suppressed on other platforms. The company's market valuation has been cut by more than half since its first-trading-week highs, and it recently disclosed a significant loss from operations and interest expenses. Despite concerns over profitability, CEO Devin Nunes stated that the company is "well positioned," but did not provide a timeline for when it expects to be profitable.
Trump Media & Technology Group (TMTG) has completed the research and development phase of its new live TV streaming platform and plans to introduce it in three phases, starting with the Truth Social app for Android, iOS, and Web. The streaming content will focus on news networks, religious channels, family-friendly content, and other content facing discrimination on other platforms. TMTG aims to provide a platform for creators who have been cancelled or suppressed. The company's content delivery network (CDN) is designed to operate independently of Big Tech and enhance Truth Social's free-speech mission.
TCL, a major TV hardware company, is set to release its first original movie, "Next Stop Paris," this summer on its streaming platform TCLtv+, using generative AI to create the content. The trailer for the AI-powered love story has received criticism for its absurd-looking characters and lack of emotional depth. Despite this, TCL aims to use original content to attract viewers and build its brand identity, with plans to incorporate AI-generated characters as brand ambassadors and influencers for advertisers. Additionally, the company is also working on traditional, non-AI-generated content for future releases.
Twitch has updated its rules to ban content that projects gameplay footage onto intimate body parts, following a trend where streamers used themselves as green screens. This comes after the platform previously relaxed its policies on nudity but then reversed its decision due to streamers pushing the boundaries. The new guidelines prohibit content that focuses on clothed intimate body parts for extended periods, although the specifics of what constitutes "focuses" and "extended periods" remain unclear.
Martin Scorsese is set to lead a new documentary series called "Martin Scorsese Presents: The Saints" for Fox Nation, focusing on the stories of eight Christian saints. The series, set to air in November, will feature dramatizations of the saints' stories and on-camera discussions with experts, with Scorsese serving as host, narrator, and executive producer. This move further expands Fox Nation's entertainment offerings, aiming to cater to conservative audiences.
Joni Mitchell's music has been reinstated on Spotify after a two-year protest against the platform's distribution of the Joe Rogan Podcast, which she and Neil Young claimed spread false information about COVID-19. Mitchell silently added her catalog back to Spotify, following Young's recent return. Young cited the need for a streaming outlet for his music, while expressing hope for improved sound quality. Mitchell has yet to comment on her music's return to the platform.
YouTube is rolling out a redesign for its TV app, focusing on new experiences such as shopping for creators' favorite products and improving access to video descriptions and comments. The update will prioritize comments and allow users to engage with them without covering up the video content. While the redesign aims to balance the "lean back" TV experience with the "lean in" smartphone experience, it lacks improvements in search, feed refresh, and seamless video browsing. Additionally, the update will enable users to check live scores without interrupting a video and access video chapters more easily. These updates are for the standard YouTube app for TVs, with a separate update for the YouTube TV platform coming soon.
Walmart is looking to buy TV manufacturer Vizio, not for its TVs, but for its streaming software, Smartcast, as the value of TVs is increasingly tied to their streaming platforms. Acquiring Vizio's Smartcast could help Walmart expand into a media company and compete with tech giants like Amazon. The move could also provide Walmart with access to proprietary data from commercials and strengthen its position in the streaming industry before anticipated consolidation.
Spotify's music discovery has been criticized for years, and the loss of Every Noise at Once, an unofficial music genre directory created by a former Spotify employee, has further hindered users' ability to find new music on the platform. Despite recent efforts to improve discovery features, users feel confined within a walled-off bubble of repetitive recommendations, leading to nostalgia for older internet radio services and consideration of alternative platforms like TikTok. Every Noise at Once provided a simple and effective way to explore new genres and music, highlighting a missing native utility in Spotify's current music discovery experience.
Take-Two's CEO expressed enthusiasm for bringing more games to Netflix following the success of the GTA Trilogy on the streaming platform. With gaming's increasing popularity, Netflix's incorporation of top-tier titles has been well-received, and the potential for more Take-Two products, such as older GTA titles, 2K titles like Borderlands and WWE, or Private Division's games, has fans speculating about future additions to the platform.
ABC's President of Disney Television Group, Craig Erwich, expressed confidence in the long-term future of Grey's Anatomy, stating that the show is as creatively strong as ever and is fueling growth for the network's streaming platform. The milestone 20th season will see the return of familiar faces Jessica Capshaw and Alex Landi, while adding new cast members Natalie Morales and Freddy Miyares. Additionally, previous seasons of Grey's Anatomy will be available on Disney's streaming platform, marking the first time all existing seasons of the show will be accessible on the same platform.
Twitch CEO Dan Clancy admits that the Amazon-owned streaming platform is not profitable, leading to the recent layoffs of over 500 staff members. Clancy emphasized the need to run the company sustainably and ensure its long-term prosperity, acknowledging that it is currently larger than necessary. The platform's struggle to monetize and contain inappropriate content has raised concerns about its financial viability and ability to support its streaming community.
Netflix has announced that it currently has 90 games in development, with 40 games launched this year and a total of 86 games released since its initial entry into the gaming industry in November 2021.