Disney Chief Steps Down from Apple’s Board

Disney Chief Steps Down from Apple’s Board

Disney Chief Bob Iger stepped down from his position as a member of Apple’s Board of Directors late last week.

Iger did not specify his reason for leaving. However, according to unconfirmed reports, he decided to step down as the two corporate giants plan to launch competing for streaming services. Notably, Iger’s decision to step down happened on the same day when Apple formally announced its Apple TV+ product. Apparently, Apple’s streaming service is set to launch on November 1. Subsequently, Disney’s own launches on December 12, roughly more than a month after Apple’s.

Both streaming services would compete to dethrone the current streaming giant, Netflix.

via Pixabay

Disney Chief receives praise and honor from Apple

In resigning, the Disney Chief released a statement. In it he mentions:

“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. 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.”

In response, Apple mentioned:

“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. 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 are two of the largest and most admired companies in the world. Subsequently, the two share a rather complex relationship. Particularly, their shared interest over Pixar that has brought a lot of animated movies figures prominently over their relationship.

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