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Disney CEO Bob Iger Resigns From Apple’s Board

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Disney chief Bob Iger recently resigned from Apple’s board of directors. This comes as the companies prepare to launch rival online streaming services, according to a filing Friday with US regulators.

 

Iger’s departure came the same day that the iPhone maker announced that its Apple TV+ subscription service with a budding library of original content will go live internationally on November 1. This came according to paperwork filed by Apple with the Securities and Exchange Commission.

 

Disney CEO Bob Iger
Disney CEO Bob Iger

 

Apple unveiled iPhone 11 models this week with a price cut for the most basic models. The tech giant also laid out plans for streaming and gaming services, as it bids to weather the slump in the global smartphone market.

 

Apple’s announcements appeared to be aimed at emphasising value. The company looks to reduce its dependence on smartphones and tie digital content and other services to its devices.

 

Apple TV+ service will launch on 1st November in more than 100 countries. It will launch at $4.99 per month to compete against streaming giants like Netflix and Amazon. It promises a “powerful and inspiring lineup of original shows, films and documentaries.”

 

Furthermore, Apple said customers who purchase an iPhone, iPad, Apple TV, iPod touch or Mac will get the first year of the service for free.

 

As for Disney, its Disney+ online streaming service will launch on 12th November in the US, Canada, and the Netherlands. After this, it will roll out worldwide.

 

Disney+ streaming service

 

Its vast lineup of films and television shows will include three live-action Star Wars series, including Ewan McGregor’s return as Obi-Wan Kenobi.

 

Bob Iger told investors on a recent earnings call that “nothing is more important to us” than the Disney platform. It will compete in a crowded marketplace against Netflix, Amazon Prime, Apple TV+, HBO Max and more.

 

The streaming service will offer Disney’s enormous back catalog, including all animated films and Pixar movies within its first year. It will also feature a cornucopia of newly commissioned shows. Furthermore, it will cost $6.99 a month in the US.

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