Disney's Iger Quits Apple Board as Streaming Rivalry Heats Up
- Departure came same day Apple priced TV+ service below Disney+
- Apple is left with seven directors, well below S&P 500 average
This article is for subscribers only.
Walt Disney Co. Chief Executive Officer Bob Iger resigned from Apple Inc.’s board, a sign of increased competition between the entertainment and technology giants.
Apple said in a Friday regulatory filing that Iger quit on Tuesday. He had served as a director since 2011 and was a friend of Steve Jobs. The Apple co-founder was also a Disney board member until he died in 2011. The duo appeared on stage more than a decade ago to announce an iTunes partnership.