Disney CEO Bob Iger Resigns From Apple Board Over Streaming Conflict

Apple has confirmed that Disney CEO Bob Iger has resigned from Apple’s Board of Directors after a conflict arose over the launching of the new Disney+ streaming service and Apple TV+ streaming service.

According to Apple, Iger resigned on September 10, 2019, which was the same day Apple announced the launch date and price of its new Apple TV+ streaming service.  Disney+ has long ago announced its new streaming service will debut on November 12, 2019.  Apple has since announced its new streaming service will debut on November 1, 2019, which created the first conflict of potentially many as both services compete for original content.

Bob Iger released a statement in regards to his resignation, “It has been an extraordinary privilege to have served on the Apple board for 8 years, and I have the utmost respect for Tim Cook, his team at Apple, and for my fellow board members,”

Iger went on to say, “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 also released the statement, “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.”

The resignation comes after a long-standing partnership between Disney and Apple. Iger and Apple CoFounder Steve Jobs were good friends and jobs served on Disney’s board until his death in 2011.   It has been said Jobs asked Iger to take his place on the Apple board when he died with Iger joining the board that year.

Disney CEO Bob Iger was also the chair of Apple’s corporate governance committee and on Apple’s compensation board, according to the company’s proxy filing earlier this year.  In addition,  Disney bought Jobs’ other company, Pixar, in 2006.

Source: CNBC 

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