Netflix and Disney Shares Fall After Apple Unveils $4.99 Streaming Service
Shares of Netflix and Disney dropped on Tuesday, following an announcement that Apple’s new rival TV service will be less expensive than any other major streaming service.
Did that move create bad blood between Iger and Apple? Perhaps so.
The Verge reports:
Disney CEO Bob Iger has resigned from Apple’s board
Disney CEO Bob Iger has resigned from Apple’s board, just a couple of months before both companies are set to launch their independent streaming services.
Iger resigned on September 10th, according to a filing from Apple to the US Securities and Exchange Commission. That’s the same day Apple unveiled the launch date and subscription price for Apple TV Plus, which officially made Apple and Disney competitors.
“I have the utmost respect for Tim Cook, his team at Apple and for my fellow board members,” Iger said in a statement published by The Hollywood Reporter. “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.”
But how do Lucasfilm malcontents feel about this?
Originally published here.