Bloomberg Media has launched the world’s first ever round-the-clock television streaming service on Twitter Inc. (TWTR).

TicToc by Blooomberg officially goes live on Monday and aims to combine Twitter’s global reach and user commentary with Bloomberg’s news-reporting expertise. The new service will be staffed by a team of 50 editors, producers, social media analysts and marketers, most of which are based in New York.

“With TicToc by Bloomberg, we're fusing the best of Bloomberg and Twitter to build a fast and credible modern news experience," said Bloomberg Media CEO Justin B. Smith. "The launch of this new network further reinforces our strategy of driving innovation through exciting new products and services that touch a broad audience around the world."

The news streaming service is set to cover all major events and has been tasked with presenting real-time breakdowns of the facts about what’s going on across the world. To add more context, Bloomberg will add relevant tweets to the feed and provide users with access to its own live video reporting.

Digestible clips aim to give users deeper analysis of the biggest news events. Below the video programing, relevant Tweets, curated and verified by Bloomberg, will appear.

At launch, videos will be refreshed every hour from 6am to 10pm EST. By 2018, the service will then expand and be monitored 24/7.

"It's early days, but what makes TicToc by Bloomberg unique is that consumers will be able to watch live news and the conversation around it at the same time, all while a dedicated team of Bloomberg editors verifies the facts," said Bloomberg editor-in-chief John Micklethwait. "We're leveraging our journalism and data to reach and inform an intelligent audience on Twitter around the world."

Twitter hopes its partnership with Bloomberg will enable it to become a bigger player in the world of online video and court higher-paying advertisers. (See also: Twitter Taps Bloomberg Executive to Head Live Video Push.)

"Twitter is where people go for breaking news, and now our global audience can turn to TicToc by Bloomberg at any time to see what's happening in the world no matter where they are," said Anthony Noto, COO of the social media platform. "Combining the journalistic integrity of Bloomberg with the speed and global availability of Twitter makes this a collaboration we are really excited about." (See also: Twitter Stock: Breakout or Double Top?)

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