Social networks are the new TV

Silvia Killingsworth on Instagram ads:

Today I was fed a full commercial from Karlie Kloss, which was amazing because it was just a fully produced video ad like the ones you used to see on television when you used to watch live television.

And it is:

Yup, that’s a full-on TV advert. And it’s been commissioned and shot for play on Instagram.

It seems that social networks are becoming the new TV. And in that light the latest “Twitter for sale” rumour makes sense:

Walt Disney Co. is working with a financial adviser to evaluate a possible bid for Twitter Inc., according to people familiar with the matter.

Now streaming on Twitter

Why? Because Twitter is quietly becoming a video company. Mathew Ingram:

With its resources, Disney would be able to help Twitter improve its video streaming and possibly strike new deals with other content providers. As a result of a recent acquisition, Disney owns a stake in BAMTech, the digital arm of Major League Baseball, which runs streaming services for ESPN and others, including Twitter.

As John Gruber put it:

Twitter is a media company and a publishing service, not a social network.

Increasingly I wonder exactly what is a social network in 2016. Snapchat and WhatsApp are less social networks than communication tools. Instagram is a picture sharing service with comms element. Twitter is a publishing platform. Does that just leave Facebook?

Not everyone is certain about Disney making a good partner for Twitter, though:

But if you’re going to spend $18 billion, $20 billion, $30 billion on something, you need a little bit more than “I like the dude who runs the company.”

Bear in mind that Disney acquired Marvel AND Lucasfilm AND Pixar, for $15 billion. Is Twitter really worth as much to it as those three properties put together?