September 21, 2019 Finance and Tech Publication

Disney CEO Bob Iger resigns from Apple board

Bob Iger, chief executive officer of The Walt Disney Company, walks with Tim Cook, chief executive officer of Apple Inc. last July.

Getty Images

Disney CEO Bob Iger has resigned from Apple’s board of directors, Apple said in an SEC filing on Friday

Apple and Disney stock was unchanged on the news. 

Disney is launching streaming video service Disney+ this on November 12, which will compete with Apple’s Apple TV+ service, which will become available on November 1. 

He resigned on September 10, the day that Apple announced the price and release date for its streaming service. 

The two streaming services will increasingly come into conflict in the future as both compete for original content. Disney has announced that it will distribute its streaming service on Apple’s platforms. 

Iger joined Apple’s board in 2011. Iger was the chair of Apple’s corporate governance committee and on APple’s compensation board, according to the company’s proxy filing earlier this year. 

“Apple enters into arms-length commercial dealings with The Walt Disney Company, including sales arrangements, digital services content licensing agreements, and similar arrangements,” Apple said in its proxy filing earlier this year. “Apple does not believe that Mr. Iger has a material direct or indirect interest in any of such commercial dealings.”

This isn’t the first time that a director has left Apple’s board. In 2009, then-Google CEO Eric Schmidt resigned from Apple’s board when it became clear that Google’s Android would directly compete with Apple’s iPhone. 

This is breaking news. Please check back for updates.

in News
Related Posts

Zuckerberg’s visit to DC tells lawmakers that Facebook is finally taking them seriously

September 21, 2019

September 21, 2019

Facebook CEO Mark Zuckerberg makes rounds of meeting in Russell Building where he discussed technology regulations and social media issues...

New hires at Amazon PillPack do ’empathy training’ by sorting pills while wearing bulky gloves

September 21, 2019

September 21, 2019

PillPack has an “empathy training” as part of its new hire orientation Christina Farr, CNBC “So the cat is dead,”...

The solar industry has grown exponentially thanks to plain old solar panels

September 21, 2019

September 21, 2019

Elon Musk may have promised the world Tesla solar roof tiles in 2016, but turns out the solar industry may...

Tesla board must face trial over Musk’s mega-pay package, Delaware judge says

September 20, 2019

September 20, 2019

SpaceX owner and Tesla CEO Elon Musk gestures during a conversation at the E3 gaming convention in Los Angeles, June...

‘Perfectly real’ deepfakes will arrive in 6 months to a year, technology pioneer Hao Li says

September 20, 2019

September 20, 2019

Manipulated images and videos that appear “perfectly real” will be accessible to everyday people in “half-a-year to a year,” deepfake...

YouTube CEO apologizes for ‘frustration and hurt’ over verification changes

September 20, 2019

September 20, 2019

Susan Wojcicki, CEO of YouTube. CNBC YouTube CEO Susan Wojcicki apologized on Friday for changes the company announced on Thursday,...

Facebook has suspended tens of thousands of apps after Cambridge Analytica investigation

September 20, 2019

September 20, 2019

Facebook CEO Mark Zuckerberg at the F8 Facebook Developers conference on April 30, 2019 in San Jose, California. Justin Sullivan...

Fitbit soars as it hires Qatalyst to explore sale

September 20, 2019

September 20, 2019

A Fitbit display is seen at a Target store in Los Angeles. Getty Images Fitbit has hired boutique investment firm...

Fitbit stock jumps as it weighs a potential sale

September 20, 2019

September 20, 2019

A Fitbit display is seen at a Target store in Los Angeles. Getty Images Fitbit has hired boutique investment firm...

If you buy an iPhone 11, you need to buy this next

September 20, 2019

September 20, 2019

iPhone 11 Todd Haselton | CNBC Apple‘s new iPhone 11, iPhone 11 Pro and iPhone 11 Pro Max are arriving...

Facebook still plans to launch digital currency in 2020 despite pushback from regulators

September 20, 2019

September 20, 2019

David Marcus, head of blockchain with Facebook Inc., speaks during a Senate Banking Committee hearing in Washington, D.C., U.S., on...

Employees or contractors? Gig economy’s labor crisis

September 20, 2019

September 20, 2019

California Governor Gavin Newsom signed a bill into law, AB5, that would force more companies to treat more workers as...

Netflix CEO admits there will be ‘tough competition’ as streaming wars heat up with Apple and Disney

September 20, 2019

September 20, 2019

Reed Hastings, chairman, president and CEO of Netflix Inc. David Paul Morris | Bloomberg | Getty Images Netflix CEO Reed...

Netflix CEO admits there will be ‘tough competition’ as Apple and Disney join the streaming wars

September 20, 2019

September 20, 2019

Reed Hastings, chairman, president and CEO of Netflix Inc. David Paul Morris | Bloomberg | Getty Images Netflix CEO Reed...

Netflix shares fall as analyst predicts slowdown and CEO admits Disney and Apple ‘tough competition’

September 20, 2019

September 20, 2019

Reed Hastings, chairman, president and CEO of Netflix Inc. David Paul Morris | Bloomberg | Getty Images Netflix CEO Reed...