Disney CEO leaves Apple's board of directors ahead of streaming services war
Walt Disney CEO Bob Iger poses on the red carpet at the European premiere of 'The Lion King' in London, the United Kingdom, July 14, 2019. EPA-EFE FILE/VICKIE FLORES
San Francisco, USA, Sep 13 (efe-epa).- The chairman and CEO of the Walt Disney Company has resigned from Apple's board of directors – of which he had been a part since 2011 – according to a filing to regulators submitted by the company on Friday.
According to the documents submitted to the United States' Security and Exchanges Commission, Iger's resignation was effective on Sept. 10.
"It has been an extraordinary privilege to have served on the Apple board for eight 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.
"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," he added.
Iger's resignation from the Apple board comes within a new context in which Disney and Apple, who have closely collaborated in the past, will now become direct competitors in the world of internet-based entertainment services.
Iger stepped down on the same day as Apple celebrated its annual company day at its Cupertino headquarters in California, where the tech giant presented the new iPhone models and announced the launch date and price of its new streaming service, Apple TV+.
Apple TV+, which will be available in early November, is expected to compete not only against established internet streaming services such as Netflix, Hulu and Amazon, but also against Disney's new streaming platform, Disney+.
Disney+ is set to launch on Nov. 12 – just a few days after the launch of Apple TV+ – and has generated higher expectations within the industry than the Apple service, as it will not only feature newly-produced content, but will also include a huge product portfolio containing all the classic Disney movies and shows, as well as Pixar, Marvel Studios, Lucasfilm (the production company behind Star Wars) and 20th Century Fox features.
Apple TV+, on the other hand, will showcase its own content starring renowned personalities such as Oprah Winfrey, Reese Witherspoon, Jennifer Aniston, Steve Carell and Jason Momoa, at a price of $4.99 per month. EFE-EPA