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Disney CEO Departs Apple's Board With Video Showdown Looming

AppleMagazine

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September 20, 2019

Walt Disney Co. CEO Robert Iger has stepped down from Apple’s board of directors as the two companies prepare to launch competing video streaming services aimed at market leader Netflix.

Disney CEO Departs Apple's Board With Video Showdown Looming

Apple disclosed Iger’s departure in a regulatory filing last Friday, but his resignation became effective Tuesday. That’s the same day that Apple announced its long-awaited video streaming service will debut Nov. 1 and cost only $5 per month, less than half the price of Netflix’s most popular plan.

Disney is gearing up to launch a video streaming service for $7 per month later in November.

The dueling services raised potential conflicts of interest that apparently prompted Iger to step down after spending nearly eight years on Apple’s board.

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