Disney CEO Bob Iger has resigned from Apple’s board of directors, Apple said in an SEC filing on Friday. Mr. Iger officially resigned on September 10th, the day that Apple announced the price and release date for Apple TV+.
It resignation was inevitable considering that the two streaming services will increasingly come into conflict in the future as both compete for original content.
Disney is launching streaming video service Disney+ on November 12, which will compete with Apple’s Apple TV+ service, scheduled to become available on November first.
Mr. Iger's statement: "It has been an extraordinary privilege to have served on the Apple board for 8 years, and 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."
Apple's statement: "Bob has been an exemplary board member for nearly eight years, and for as long as he has led Disney he has been one of Apple’s most trusted business partners. He is a dedicated, visionary CEO and a role model for an entire generation of business leaders. More than anything, Bob is our friend. He leads with his heart and he has always been generous with his time and advice. 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 downplayed any potential conflicts. For more, read the full CNBC report.