Disney CEO resigns from Apple board as streaming battle heats up

Disney CEO resigns from Apple board as streaming battle heats up
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Disney CEO Bob Iger resigned from Apple’s board of directors this week amidst a streaming war between the two tech behemoths.

Iger resigned on Sept. 10, according to an SEC filing on Friday, the same day Apple announced the price and release date (Nov. 1) for its streaming service Apple TV+.

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Disney is launching Disney+ on Nov. 12 and is expected to compete heavily with Apple’s streaming service. 

“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 said in a statement to CNBC. “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.”

“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,” Apple added. “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.” 

Disney and Apple have had a close corporate relationship, with Disney being one of the first companies to develop apps for iPhones and iPads, and Iger was known to be close personal friends with Apple cofounder Steve Jobs.