Disney CEO cuts ties with Apple because they are not called & # 39; Streaming Wars & # 39; for nothing

Photo : Jon Kopaloff / Stringer ( Getty ) [19659003] Disney CEO Bob Iger has resigned from Apple's board ahead of what is sure to be a heated competition in November when both companies release their standalone power supply services. According to a filing Apple filed with the Securities and Exchange Commission on Friday, he resigned on September 10, coinciding with the company's annual iPhone extravaganza which also revealed important details about Apple TV + service.

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

Earlier this week, Apple announced that the dedicated streaming service will roll out for $ 5 per month from November 1, just 11 days before Disney + launches. While that price point makes Apple + one of the cheapest out there (Disney + starts at $ 6.99 / month, for example), its sparse opening layout is confused with rumors that the small content it will offer is a complete snoozefest It's tough to say if the tech company will hold its own against the Disney company's behemoth.

Regardless of how the streaming wars are shaking, however, Apple officially announced the announcement this week in direct competition with Disney, forcing Iger to step down to avoid a potential conflict of interest. A similar incident happened in 2009 when Google CEO Eric Schmidt distanced himself from Apple after it became clear that Android would go head-to-head with the iPhone.

In a statement to several outlets Friday, Apple described Iger as an "exemplary" and "role model for a whole generation of business executives."

"Although we will miss his contribution as a board member, we respect his decision, and we expect that our relationship with both Bob and Disney will continue well into the future."

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