Disney CEO Bob Iger has resigned from Apple’s board of directors

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Disney CEO Bob Iger has reportedly resigned from Apple’s board of directors. Iger resigned on September 10th, according to a filing from Apple to the US Securities and Exchange Commission.

In a statement published by The Hollywood Reporter Iger said: “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.”

As Disney and Apple both are preparing to enter direct-to-consumer field with their respective streaming services, Disney+ and Apple TV Plus, this decision make sense.

In a statement to The New York Times apple said: “While we will greatly miss his contributions as a board member, we respect his decision, and we have every expectation that our relationship with both Bob and Disney will continue far into the future.”

Disney+ and Apple TV Plus will launch 11 days apart. Disney+ will cost $6.99 a month when it launches on November 12th, or can be bundled for $12.99 with ad-supported Hulu and a sports streaming service, ESPN+. Apple TV Plus will launch on November 1st for $4.99. It will launch with just nine titles.

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