Disney CEO leaves Apple

Disney CEO Bob Iger left the Apple Board of Directors just a couple of months before the two companies are about to launch their streaming services.

According to Apple's statement to the U.S. Securities and Exchange Commission, Iger resigned on September 10. On the same day, Apple announced the launch date and the cost of subscribing to the Apple TV Plus streaming video service, which will become the official competitor to Disney + Disney.

Apple’s reaction to Bob Iger’s resignation was quite emotional: “More than anything, Bob is our friend. He led with all his heart, did not reckon with time and was generous with useful advice. And although his departure is an undoubted loss for us, we respect his decision, and we have every reason to expect that our friendly relations with Bob and Disney will continue in the future. "

Disney CEO leaves Apple - photo 1

Eiger joined the Apple board in 2011, but before that he was no stranger to the Yabloko. In 2006, Disney acquired Pixar, in which former Apple CEO Steve Jobs was a major shareholder. Disney bought Pixar for $ 7.4 billion and Jobs thus became Disney's largest shareholder. So, Iger played an important role in this deal.

Now that Disney and Apple are preparing to become direct competitors with their respective streaming services, Disney + and Apple TV Plus, leaving Bob Iger makes sense. Thus, the Disney CEO is avoiding potential conflicts of interest.

Disney + and Apple TV Plus will be launched with an interruption of 11 days. Apple TV Plus starts on November 1 and will cost $ 4.99 per month. Disney + will begin work on November 12 and will cost subscribers $ 6.99 per month.

Source: Gizmodo

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