In a recent incident Disney CEO stepped down from Apple’s board over a dispute about their upcoming streaming services. Disney believes that Apple is trying to steal their client base by releasing their streaming service days before its Disney counterpart. Apple is launching its Apple TV+ for $ 4.99 per month on November 1st whereas Disney is launching their streaming service shortly after on November 12th and it is priced at $6.99 per month. This has agitated the Disney CEO Bob Iger who decided to step down from his long held position on the board on the September 10th.
To further communicate that the separation is amicable, he put out a statement saying, “It has been an extraordinary privilege to have served on the Apple board for 8 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.“
Disney is expected to catalogue its vast cornucopia of movies that it has been putting out since ages while Apple TV+ promises a ton of original content. Therefore, this split might have been the sensible thing to do in light of the upcoming clash.