Disney CEO Bob Iger Exits Apple’s Board As Two Companies Prepare To Launch Competing Streaming Services

Apple not only beat Disney to market; it undercut the Burbank entertainment giant on price, offering its service for $5 a month, versus Disney’s $7 monthly fee . The technology giant is offering a year of service free with the purchase of a new Apple device.

The space of Netflix rivals will soon be crowded with new entrants, including WarnerMedia’s HBO Max, which is hosting a media event on Oct. 29, and Comcast’s forthcoming NBCUniversal streaming service. Iger’s departure seemed inevitable, as both companies moved on a collision course in the looming Hollywood streaming wars.

Apple and Disney each issued admiring statements on Friday, with Iger lauding Apple CEO Tim Cook in a statement to the New York Times, and Apple hailing the Disney executive as “exemplary.”

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DawnC331 Goodbye Bob!!

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