Disney CEO Explains Why The Company Didn't Buy Twitter -- "The Nastiness Is Extraordinary"

"Why do I endure this pain?" Bob Iger says of the Twitter experience.

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Disney was very close to acquiring social media giant Twitter, but the company pulled out at the 11th hour because CEO Bob Iger had a number of particular misgivings.

Writing in his new book, Iger said Disney originally wanted to buy Twitter to help "modernize its distribution," according to The New York Times. However, Iger ended up calling Twitter CEO Jack Dorsey "at the last minute" to tell him the deal was off, which reportedly stunned Dorsey.

Iger said Twitter was experiencing "troubles" that were too much for Disney to absorb. He also personally reflected that the Twitter user experience, for him, was anything but pleasant.

"The troubles were greater than I wanted to take on, greater than I thought it was responsible for us to take on," Iger said. "There were Disney brand issues, the whole impact of technology on society. The nastiness is extraordinary. I like looking at my Twitter newsfeed because I want to follow 15, 20 different subjects.

"Then you turn and look at your notifications and you're immediately saying, why am I doing this? Why do I endure this pain? Like a lot of these platforms, they have the ability to do a lot of good in our world. They also have an ability to do a lot of bad. I didn't want to take that on."

The full New York Times interview with Iger is incredibly fascinating; go read it here.

While the Twitter buyout didn't work out, Iger has overseen four epic-sized acquisitions during his time at Disney. These included the buyout of Pixar, Marvel, Star Wars, and finally Fox. When Disney bought Star Wars, Iger recalled that Fox boss Rupert Murdoch "was crazed" because Fox already had an in-road with Star Wars as the distributor of George Lucas' Star Wars films.

"Rupert was crazed that we bought Lucas," Iger said. "They were the distributor of all of George's movies, and he was very disappointed in his people. 'Why didn't you think of this?'" Iger said.

Disney's next big movie is Star Wars: The Rise of Skywalker, which hits theatres in December. It wraps up decades worth of storytelling, bringing an end to the Skywalker Saga that began in 1977.

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el_swanno

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I wonder what Disney will do when there’s nothing left to acquire.

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gargungulunk

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Weird to see Disney having limits.

Although this is similar to a realtor passing on a meth-house

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lionheartssj1

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It's clearly devolved our journalistic approach. I weep a little whenever I see entire articles written about what NewbMastr69 said, whether for or against whatever subject, and suddenly it's taken as the 'voice of the people!'

It's like these people have never encountered internet trolls and now they're reacting to every little thing with policy proposals. Pretty soon that Nigerian prince that promises everyone money will have a seat at the UN and everyone will wonder why he's not showing up.

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el_swanno

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@lionheartssj1:

I must have misread that. I thought it was a Nigerian princess. I never would have agreed to help if I knew it was a prince.

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lionheartssj1

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@el_swanno: Exactly, so much misinformation out there. Pretty sure I've seen some Gandhi quotes out there warning us about made up stuff on the internet.

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gamingdevil800

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Good Disney probably would have censored and banned all 18+ content/users on twitter.

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Veemon_X

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I would have loved to seen how much of a excrement storm that would've been.

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Krystal69

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>Disney's next big movie is Star Wars: The Rise of Skywalker, which hits theatres in December. It wraps up decades worth of storytelling, bringing an end to the Skywalker Saga that began in 1977.

It ended with Ep6, the hell this guy talking about.

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Pupchu

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@krystal69: its eddie

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RonThallsBalls

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Agreed. Twitter is an absolute shit hole designed to aggravate the **** out of everyone and give hack “journalists” clickbait fodder.

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alastor529

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@ronthallsballs: all it did was give the worst kind of people in our society who no one would take seriously before social media HUGE voices and ability to muster community and backing of like minded individuals to mob attack people of an opposing opinion or viewpoint. its basically a battlefield of ideologies without the consequence of you know "saying it to your face"

But i don't blame Twitter speicifically because I notice it didn't used to be like this until the big celebrities, politicians and confrontations got involved. Mysapce was DEFINITELY not like that. Facebook wasnt either in the beggining.

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rasterror

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@alastor529: It allowed idiots and like minded hate mongers to congregate and feel like they're validated because other idiots agree with them.

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