Disney CEO Bob Iger resigned from Apple's board of directors Friday, just as the two companies are becoming streaming media competitors
Apple on Tuesday announced the pricing and features of TV+, the company's new Netflix competitor. It will cost $4.99 a month, $2 less than Disney's soon-to-be-released Disney+ streaming product. Both TV+ and Disney+ will stream original television shows and movies to subscribers.Disney CEO Bob Iger stepped down from Apple's board Friday.It's common for executives to step down from boards when the companies they work for become rivals with the companies they direct.
In Apple's previous regulatory filings about Iger, the company had noted Apple enters into"arms-length commercial dealings" with Disney, including content licensing agreements. But Apple said it didn't believe Iger had a"material direct or indirect interest" in those negotiations. Iger had served on Apple's board since November 2011, a month after former Apple CEO Steve Jobs died.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Disney CEO Bob Iger Resigns From Apple’s Board As Streaming Rivalry Takes HoldDisney CEO Bob Iger has resigned from the board of directors of Apple after an eight-year run, in a move that reflects the intensifying competition in the subscription streaming arena. An SEC filin…
Read more »
Walt Disney Co. CEO Bob Iger leaves Apple's boardWalt Disney Co. CEO Bob Iger has left Apple's board of directors, the company revealed in documents filed with the U.S. Securities and Exchange Commission on Friday. Iger's departure comes as Disney and Apple are preparing to launch their subscription video streaming services later this year.
Read more »
Disney’s Bob Iger Resigns From Apple’s Board as Companies Launch Competing Streaming ServicesWalt Disney Company chairman and CEO Bob Iger has stepped down from Apple’s board of directors, the iPhone maker announced in a SEC filing Friday afternoon. Iger left the board on September 1…
Read more »
Disney Chief Executive Robert Iger Resigns from Apple’s BoardWalt Disney Chief Executive Robert Iger resigned from Apple’s board, severing a yearslong connection between the two companies as they prepare to launch competing video-streaming services.
Read more »
Disney CEO Bob Iger steps down from Apple's board ahead of the launch of the tech company's new streaming service'I am forever grateful to have served as a member of the company's board,' Disney chief executive Robert Iger said in a statement.
Read more »