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Disney CEO Bob Iger resigns from the board of directors of Apple TV battle looms

A FILE PHOTO of Walt Disney and CEO Bob Iger attends the European premiere of “The Lion King” in London, england, July 14, 2019. REUTERS/Henry Nicholls

(Reuters) – Apple Inc’s (AAPL.(O) said: www.sec.gov/ix?doc=/Archives/edgar/data/320193/000032019319000093/a8-kseptember201991019.htm on Friday, the Walt Disney Co. (DIS.(N) the Chief Executive Officer, Bob Iger, had resigned from his position on the board of directors on Sept. 10, when the two companies are ready to compete head-to-head and in the streaming tv business.

Iger left the company’s board of directors, the company has revealed new details about the Apple TV, a $4.99-per-month service, which will start on Nov. 1. Apple has been spending billions of dollars to Hollywood to protect the original programming for the service.

The monthly fee for the Apple TV, undercuts, Disney, which earlier this year announced its own streaming service that will be provided in the city’s iconic children’s content, and the cost is $6.99 per month. Disney-nothing for the first time on Nov. 12.

Apple and Disney have a long, long time, and a unique relationship between a major American corporations, which dates back to when the Apple co-founder Steve Jobs, a Disney director and major shareholder, when the entertainment giant bought Pixar, the digital animation studio, the majority is in the hands of the Courts. Organisation became an Apple director, shortly after Jobs’ death in 2011.

“We will miss his contributions as a member of the board, we respect his decision and we have the expectation that our relationship with both Bob and Disney, and will continue to be far into the future,” Apple said in a statement.

Iger said it was “an extraordinary privilege” to have served on Apple’s board of directors, for a period of up to eight years of age.

“I have the utmost respect for Tim Cook and his team at Apple, and to my fellow board members,” Iger said in a statement. “Apple is one of the world’s most admired companies, renowned for the quality and integrity of its products and its people.”

Reporting Arjun Panchadar in Bengaluru and Stephen Nellis in San Francisco; Editing by Maju Samuel and Daniel Wallis

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