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Bob Iger, the long-time Disney CEO, has resigned from Apple's board of directors. Apple made the announcement on Friday in an SEC filing, where it revealed that Iger had stepped down on September 10th -- which happens to be the day the company shared launch details for Apple TV+, its upcoming video streaming service. Disney is, of course, getting ready to debut a streaming service of its own, Disney+, on November 12th for $6.99 a month. Apple TV+, meanwhile, will arrive on November 1st for $4.99 per month.
When you consider that the two giants are now going to be competitors in the entertainment space, Iger's move shouldn't come as a surprise. Still, his departure will be a major loss for the Cupertino company. This is what Apple CEO Tim Cook said in 2011, when Iger joined as a board member: "His strategic vision for Disney is based on three fundamentals: generating the best creative content possible, fostering innovation and utilizing the latest technology and expanding into new markets around the world, which makes him a great fit for Apple."
"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," Iger said in a statement today. "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."
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