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Disney CEO Bob Iger Resigns From Apple Board

[2019-09-13 19:56:16]

CNBC: Disney is launching streaming video service Disney+ on Nov. 12, which will compete with Apple’s Apple TV+ service, scheduled to become available on Nov. 1. Iger resigned on Sept. 10, the day Apple announced the price and release date for its streaming service. The two streaming services will increasingly come into conflict in the future as both compete for original content. This seems to be just for propriety’s sake — Apple TV+ and Disney+ do compete directly, so it just wouldn’t be appropriate for Iger to remain on Apple’s board. His statement and Apple’s both make the departure seem very amicable. Apple’s statement is downright effusive: 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.  ★ 

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