The former Disney CEO will be working with Josh Kushner’s Thrive Capital on a part-time basis
More recently, the exec made news at a tech conference in Los Angeles last week when he let it slip that Disney was on the verge of acquiring Twitter in 2016. Iger said he pulled the plug because the platform was full of “hate speech” and bots, echoing as he tries to get out of the $44 billion deal to buy the social media site.
He also criticized the streaming landscape, explaining that while leading firms like Netflix, Disney, Apple and Amazon have a strong foothold, smaller entrants won’t be as lucky. Without naming competitors like Warner Bros. Discovery’s HBO Max, Discovery+, NBCUniversal’s Peacock and Paramount’s Paramount+, Iger offered a more dire prediction.
“They’ve got some tough hands, and it takes a lot of capital to be in that business,” he said. “I don’t think they’ll all make it.
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