Saturday, December 18, 2021

REPORT: Trump Media Company Seals Deal With Video Platform Rumble

Source: The Hill

Published: December 14, 2021

By: Mychael Schnell

Former President Trump’s media company has inked a deal with the 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 “deliver video and streaming for TRUTH Social,” the company’s new social media network unveiled in October. Trump’s company also said the two firms 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 group’s website says it “create[s] technologies that are immune to cancel 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 J.D. Vance, who is also running for Senate in Ohio, were investing in the company.

Narya Capital, a venture capital fund that Vance and Colin Greenspon co-founded, led the investment along with Thiel, according to the Journal. Colt Ventures, the family office of former Trump adviser Darren Blanton, also reportedly invested in the platform.

Trump in a statement on Tuesday said his company “continues to align with service providers who do not discriminate against political ideology,” in line with its mission.

“Therefore, I have selected the Rumble Cloud to serve as a critical backbone for TMTG infrastructure,” he added.

Chris Pavlovski, the founder and CEO of Rumble, said the company is “excited to provide technology and cloud services to TMTG.”

“We continue to build the infrastructure to deliver a free, open, and neutral internet. Rumble was designed to be immune to cancel culture, and we are at the forefront of a movement that believes everyone benefits from access to a neutral platform that hosts diverse ideas and opinions,” he added.

TMTG made headlines earlier this month when Rep. Devin Nunes (R-Calif.) announced plans to resign from Congress at the end of this month to become the CEO of the company. He is set to begin in his new role next month.

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