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Disney CEO Bob Iger resigns from Apple’s board of directors amid ‘streaming wars’

Kenneth Fong

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Disney CEO Bob Iger

One of the most interesting developments in recent times is that of the Disney streaming service named as Disney+. While the service has not yet been launched, we know that Disney has whole loads of backing for its service to become successful in the markets. Also, we will most likely see that the company will absorb most of the losses in the initial phase so that the service becomes a hit.

For this reason, we have also noticed that the prices of Disney+ monthly subscription have been kept very low. Interestingly, Disney CEO Bob Iger was on the board of members panel for Apple. And you might already be aware that Apple is also launching a TV streaming service named Apple TV+ where it will host a bunch of TV shows and movies exclusively on the platform. Therefore, Disney CEO Bob Iger has resigned from the Apple Board of Members. While no reasons have been given for the same, it is because of the ‘streaming wars’ that are taking place between Apple and Disney among others.

In a statement, Bob Iger said that “I have the utmost respect for Tim Cook, his team at Apple and for my fellow board members,” and added that “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.”

The company called Bob Iger “exemplary” and a “role model for an entire generation of business leaders.”. Apple also issued a statement on Disney CEO’s resignation saying:

“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.”

Kenneth is an established technical expert with 11+ years of background in managing the overall designing & development of Machine Learning, Big Data, and AI-powered ventures. He is also an adrenaline junkie, so to refresh himself he loves to indulge in adventure sports. He is also the founder at Leadtagger, a creative agency based in California. You can reach him at sesengroup@gmail.com

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