Former American President Donald Trump, a trenchant critic of the media, is now wading into the world of video streaming services and, potentially, web services and payment processing as well, Newsweek and Reuters reports said Tuesday even as he tightened control over a SPAC that would launch him into the media space.

Donald Trump plans to launch a video streaming service that’s intended to compete with Disney+ and Netflix, as well as news outlets like CNN.

Recently, he announced the creation of the Truth Social platform, and on Tuesday he shared his plans to go beyond social media. The platform will operate under the Trump Media and Technology Group (TMTG), a company designed to “challenge the dominance” of big tech, according to Trump.

Calling Truth Social “only the beginning” of the group’s plans, Trump said an on-demand video streaming service to compete with the “woke and politicized ‘entertainment’ programming created by Big Tech and Big Media players” is being launched.

He added that the group also sees opportunities to create “cancel-proof” alternatives in web services and payment processing.

“It’s a tremendously difficult set of challenges—and I realized I might be the only person in America with the megaphone, the resources, the experience, and the desire to make it all happen,” Trump said in a statement Tuesday.

Much of the statement was focused on the censorship he’s been railing against for years. Trump noted that a small group of “self-righteous scolds” were dictating what people can “think, say, share and do”.

On Monday, Digital World Acquisition Corp., the special purpose acquisition company that merged with the former president’s social media company, saw a sharp decline in price, falling 11 percent.

While Trump’s platforms are likely to attract his supporters, the former president acknowledged in his Tuesday statement that it needs to attract “millions of users”, including independents and Democrats.

According to a Reuters report, Trump will be able to retain the ownership of his newly launched social media venture even if he chooses to make another White House run or is convicted by prosecutors who are looking into his business dealings.

Trump said last week that TRUTH Social would be created through a new company formed by a merger of the Trump Media and Technology Group (TMTG) and blank-check firm Digital World Acquisition Corp.

According to regulatory filings issued late on Tuesday, Trump was referred to as the “company principal,” even though the exact size of his stake in the company was not disclosed.

However, the former president is set to keep his ownership in TMTG, even if the company faces a “material disruptive event” — the latest filings include a clause that is designed to shield his stake.

Earlier in October, Reuters reported that the merger with TMTG has delivered a potential windfall of $420 million for DWAC’s main backer, Patrick Orlando, who has been trying for a decade to reinvent himself as a serial dealmaker.