Disney CEO Resigns from Apple’s board due to Streaming Rivalry

Disney CEO Bob Iger has resigned from Apple’s board. This news comes a few months before both firms will launch their individualistic streaming services. Bob resigned on September 10th, according to Apple. To jog your memory, it was the same day the Cupertino giant unveiled the exact launch date and the subscription price for Apple TV Plus. This obviously made Apple and Disney competitors.

Disney CEO Resignes from Apple’s board due to Streaming Rivalry
Image Source: TIME

Iger said in a statement, “I have the utmost respect for Tim Cook, his team at Apple and for my fellow board members. Apple is one of the world’s most admired companies, known for the quality and integrity of its products and its people, and I am forever grateful to have served as a member of the company’s board.”

Bob Iger joined Apple’s board back in 2011. When Disney acquired Pixar, the former Apple CEO Steve Jobs was a major stakeholder in 2006, which shows that Apple and Disney’s relationship existed before this. It is said that Iger was hovering nearing this acquisition process. The split makes complete sense as Disney+ and Apple TV Plus will be streaming rivals.

“While we will greatly miss his contributions as a board member, we respect his decision, and we have every expectation that our relationship with both Bob and Disney will continue far into the future,” Apple said in a statement.

Apple did not mention whether it will replace Iger, on what is now a seven-member board.


RECENT

Avatar
I am a tech-savvy who's an avid reader, a Hollywood movie buff, and a through and through Priyanka Chopra fan. I like to give my insights through words, which helps me to express myriads of emotions I go through.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.