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Why Did Disney’s Bob Iger Resigns From Apple’s Board?

By John F. Heerdink, Jr.

Reportedly, Bob Iger, Chairman &  CEO of The Walt Disney Company (DIS) resigned from the board of directors of Apple (AAPL) as both the companies are preparing to launch their streaming services within days, citing it as a possible cause for the resignation. Iger served as a director since 2011 and was a friend of Steve Jobs.

Recently, Disney announced that it is set to launch Disney+ in the United States, Canada, and the Netherlands on Nov. 12 with major expansion plans within the next two years. Disney+ to cost $7 per month or $70/year in the U.S. Meanwhile, Apple announced last week that it is launching its streaming offering, Apple TV+, on November 1st in more than 100 countries and regions, which will cost $4.99/month with a seven-day free trial and a year free with the purchase of an Apple device.

Dow 30 Component, The Walt Disney Company (DIS),  and its subsidiaries is a diversified worldwide entertainment company that operates in four business segments: Studio Entertainment, Media Networks, Parks and Resorts, and Consumer Products & Interactive Media. To learn more about this Dow 30 Component, The Walt Disney Company (DIS), and to continue to track its progress please visit the Vista Partners Walt Disney Company, Coverage Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

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