Rival streaming services between Apple and Disney could push Disney’s CEO out of Apple’s Board
Apple and Disney’s plan on launching their own streaming services in 2019 could sever ties between the two companies in the boardroom.
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Of concern is Disney CEO Bob Iger, who has sat on the Apple board since 2011, Bloomberg noted. Iger might be asked to exit if Apple is concerned he could learn the company’s video strategy, or simply act against that segment’s interests.
Apple and Disney have recent “arms-length commercial dealings,” according to proxy filings, including digital content licensing. So far though Apple says Iger doesn’t have “a material direct or indirect interest” in those agreements.
To read the rest of the Appleinsider article, click here.
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