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Disney CEO departs Apple’s board with video showdown looming

Disney CEO departs Apple's board with video showdown looming | iNFOnews.ca
FILE - In this Monday, March 13, 2017, file photo, Walt Disney Co. CEO Robert Iger attends a special screening of Disney's "Beauty and the Beast" at Alice Tully Hall, in New York. Walt Disney Co. CEO Robert Iger has stepped down from Apple’s board of directors as the two companies prepare to launch their own video streaming services to compete against market leader Netflix, Friday, Sept. 13, 2019. (Photo by Evan Agostini/Invision/AP, File)

SAN FRANCISCO – Walt Disney Co. CEO Robert Iger has stepped down from Apple's board of directors as the two companies prepare to launch their own video streaming services to compete against market leader Netflix.

Apple disclosed Iger's departure in a regulatory filing 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.

Apple praised Iger an "exemplary" board member in a statement.

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Marshall Jones

News is best when it's local, relevant, timely and interesting. That's our focus every day.

We are on the ground in Penticton, Vernon, Kelowna and Kamloops to bring you the stories that matter most.

Marshall may call West Kelowna home, but after 16 years in local news and 14 in the Okanagan, he knows better than to tell readers in other communities what is "news' to them. He relies on resident reporters to reflect their own community priorities and needs. As the newsroom leader, his job is making those reporters better, ensuring accuracy, fairness and meeting the highest standards of journalism.

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