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Disney CEO Bob Iger leaves Apple Board before launching competing streaming services




CEO of Walt Disney Co. Bob Iger announced Friday that he would resign from Apple's board, as the two companies will now compete when they launch their Disney + and AppleTV + streaming services this fall.

"I have the utmost respect for Tim Cook, his team at Apple and for my board members," Iger said of the resignation. "Apple is one of the world's most admired companies, known for the quality and integrity of its products and people, and I am forever grateful to have served as a member of its board of directors."

Apple has said that it respects Iger's decision and that "we have every expectation that our relationship with both Bob and Disney will continue into the future."

Iger has had a strong impact on Apple and was a friend of Apple Visionary Steve Jobs. Iger had helped set a show from Disney's ABC network on Apple's iTunes in 2005. Their relationship also helped Disney buy Pixar animation studio in 2006 for $ 7 billion, which was then run by Jobs.

Iger has been on Apple's board since 201[ads1]1, but since his company will soon be competing with Apple, it may be a wise decision for him to leave to avoid regulatory scrutiny. The federal government is currently investigating whether companies like Apple have too much power in the market.

Disney + and AppleTV + both launch in November, with AppleTV + coming out November 1 and Disney + launching November 12. Both services will offer their own exclusive shows and movies.

AppleTV + will be $ 4.99 a month and will have a seven-day free trial. Disney + will be $ 6.99 a month. Both services will compete with streaming behemoth Netflix, whose basic streaming plan comes to $ 8.99 a month.

Although Apple + is the cheapest of the three services, it will have only nine original titles available at launch. Apple's service will have to compete with Netflix's huge streaming library and Disney's content library, which will feature popular Marvel, Pixar and Lucasfilm titles.



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