‘Hate speech’ stopped Disney from buying Twitter
The Walt Disney Company is home to many properties on several different platforms.
In addition to Disney Parks around the world, including Disneyland Resort and Walt Disney World Resort, Disney owns Marvel Studios, LucasFilms, Pixar Animation Studios, ESPN and many other properties.
Disney is currently in the process of acquiring Hulu as a full owner, but there is another popular platform that was almost owned by Disney.
In a recent interview, former CEO Bob Iger shared that Disney was close to acquiring Twitter in 2016 before ultimately choosing to pull the plug.
The reason? “Hate speech” and “bots”, according to Iger.
“We intended to get into the streaming business,” Iger said. “We needed a technological solution.
“It was considered a kind of social network,” recalls Iger. “We saw it as something completely different. We could put news, sports, entertainment, [and] reach the world. “And frankly, that would have been a phenomenal solution, in terms of distribution,” Iger said.
However, after Iger returned home and contemplated the weekend, he ultimately made the decision not to proceed with the acquisition.
“Then of course you have to look at all the hate speech and the potential to do as much harm as good,” he said. “We are in the business of manufacturing Disney fun – of doing nothing but good, even though there are others today who criticize Disney for the opposite, which is wrong.
“It was just something that we weren’t ready to take on and I was not ready to take on as the CEO of a company and I thought it would have been irresponsible,” Iger explained.
Ultimately, it was Tesla billionaire Elon Musk who bought Twitter, although the deal has yet to be fully closed.
What do you think of the fact that Disney has tried to buy Twitter in the past? Let us know in the comments!