United States  

Celebrating 10 Years of Trusted News Discovery
One News Page
> >

Disney's Bob Iger Resigns From Apple's Board of Directors

MacRumours.com Friday, 13 September 2019 ()
Disney chief executive and chairman Bob Iger has resigned from Apple's board of directors as Apple and Disney prepare to launch competing streaming services, Apple announced today in a filing with the Securities and Exchange Commission.

Iger resigned on September 10, the same day that Apple shared additional information on Apple TV+, which will cost $4.99 per month and will be launching November 1.Image via Bloomberg

With the launches of both the Disney+ streaming service and Apple TV+ looming, there was speculation that Iger was at risk of losing his seat on Apple's board as Disney+ will be a major Apple TV+ competitor.

Both services will offer original streaming television shows and movies, with Disney+ priced at $6.99 per month and also set to launch in November.

Iger in April said that he didn't believe his role on Apple's board was problematic and that at the time, he was leaving board meetings whenever streaming services came up. He said he had to leave infrequently because TV was a "very small business" to Apple comparative to other areas like hardware, but with Apple TV+ set to launch soon, his position has changed.

Bob Iger first joined Apple's board of directors back in 2011, one month after the death of former Apple CEO Steve Jobs.

In a statement shared by The New York Times, Iger called Apple one of the world's most admired companies.

"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 in turn called Iger an "exemplary" board member and a trusted business partner.

"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."

With Iger's departure, Apple's board of directors includes seven members, which makes it one of the smallest among the major tech companies. Other board members include Art Levinson, James Bell, Al Gore, Tim Cook, Andrea Jung, Ronald Sugar, and Susan Wagner.Tags: Apple Board of Directors, Disney, Apple TV

This article, "Disney's Bob Iger Resigns From Apple's Board of Directors" first appeared on MacRumors.com

Discuss this article in our forums
0
shares
ShareTweetSavePostSend
 
Credit: Wochit Business - Published < > Embed
News video: Disney CEO Bob Iger Leaves Apple's Board Of Directors

Disney CEO Bob Iger Leaves Apple's Board Of Directors 00:32

Apple Inc. announced Walt Disney Co Chief Executive Officer Bob Iger will resign from the company’s board of directors. According to Reuters, the two companies are preparing to compete in the streaming television business. Iger left on the same day Apple revealed that Apple TV+ would cost $4.99 for...

You Might Like


Recent related videos from verified sources

Trump Doesn't 'Need' Trade Deal β€” What That Means For Stocks, Apple [Video]Trump Doesn't 'Need' Trade Deal β€” What That Means For Stocks, Apple

The U.S. market is giving more weight to trade negotiations than it is to interest rates right now. That dynamic allows us to understand the broader market, specifically everyone's favorite stock to..

Credit: The Street     Duration: 02:26Published

Bob Iger Believes Disney, Apple Likely Would've Combined If Steve Jobs Were Alive [Video]Bob Iger Believes Disney, Apple Likely Would've Combined If Steve Jobs Were Alive

In a Vanity Fair excerpt from Bob Iger's new book, "The Ride of a Lifetime: Lessons Learned from 15 Years as CEO of the Walt Disney Company," the Disney CEO said he believed that if Apple cofounder..

Credit: Wochit     Duration: 00:34Published


Recent related news from verified sources

Bob Iger: Disney might have merged with Apple if Steve Jobs were alive

A few days ago, Disney chief Bob Iger resigned from Apple's board of directors ahead of TV+'s launch in November -- the House of Mouse, after all, is launching...
engadget Also reported by •bizjournals

Disney CEO Robert Iger departs Apple's board with video streaming showdown looming

Walt Disney Co. CEO Bob Iger has stepped down from Apple's board as the two companies prepare to launch competing video streaming services.
USATODAY.com

Environmentally friendly: One News Page is hosted on servers powered solely by renewable energy
© 2019 One News Page Ltd. All Rights Reserved.
About us  |  Contact us  |  Disclaimer  |  Press Room  |  Terms & Conditions  |  Content Accreditation
 RSS  |  News for my Website  |  Free news search widget  |  In the News  |  DMCA / Content Removal  |  Privacy & Data Protection Policy
How are we doing? FeedbackSend us your feedback  |   LIKE us on Facebook   FOLLOW us on Twitter  •  FOLLOW us on Pinterest
One News® is a registered trademark of One News Page Ltd.