Lola Evans
15 Sep 2019, 10:06 GMT+10
CUPERTINO, California - Walt Disney Co Chief Executive Officer Bob Iger has quit the Apple board as the two companies, Apple and Disney, prepare to compete in the streaming television sector.
Iger left the Apple board on Tuesday, the same day new details were released about Apple TV+, a $4.99-a-month service that will launch on 1 November.
The monthly subscription price for Apple TV+ is considerably lower than the Disney, which will launch on 12 November and will cost $6.99 a month.
Apple and Disney have long relationship. Apple co-founder Steve Jobs was a Disney director and major shareholder. Iger has been a director of Apple since the year Jobs died, 2011.
"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," Apple said in a statement published on Friday.
Iger responded: "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."
Get a daily dose of Atlanta Leader news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Atlanta Leader.
More InformationWASHINGTON, DC The man who struck down three U.S. Capitol Police officers with a fire extinguisher during last week's storming ...
WASHINGTON, DC - A Utah man has been charged with breaking into the U.S. Capitol last week wearing a bullet-proof ...
Provided by Xinhua | &A 6.2-magnitude earthquake has killed 35 people in Indonesia, injuring 637 and displacing around 15,000 people.JAKARTA, ...
Five United Nations peacekeepers lost their lives on Wednesday, 4 in Mali and one in the Central African Republic. 4 ...
BEIJING, China - A team of 10 World Health Organisation (WHO) experts arrived in Wuhan on Thursday to investigate the ...
WASHINGTON, DC - U.S. President Donald Trump on Wednesday became the second U.S. president in history to be impeached.Democrats were ...
NEW YORK, New York - Wall Street ended the week on a negative note Friday with all the major indices ...
WASHINGTON, DC - U.S. President-elect Joe Biden on Thursday (local time) announced a USD 1.9 trillion plan to revive the ...
SYDNEY, NSW, Australia - Stocks were mixed on Friday despite U.S. President-elect Joe Biden announcing a $1.9 trillion stimulus package ...
BEIJING, Jan. 15 (Xinhua) -- China continued to see a generally stable housing market in December, with home prices in ...
NEW YORK, New York - U.S. stocks fell on Thursday following data showing a larger-than-expected increase in weekly unemployment claims, ...
DUBLIN, Ireland an. 12 (Xinhua) -- A total of 84,309 units of new private cars were sold in Ireland in ...