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Disney CEO Bob Iger steps down from Apple's board ahead of the launch of the tech company's new streaming service (AAPL, DIS)

Disney CEO Bob Iger steps down from Apple's board ahead of the launch of the tech company's new streaming service (AAPL, DIS)
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Disney chief executive Bob Iger has stepped down from his position on Apple's board of directors.




Iger's decision comes as Apple confirmed this week that the release of its subscription streaming service, Apple TV Plus, is slated for November 1.




"Apple is one of the world's most admired companies," Iger said in a statement, in part, obtained by the New York Times. "I am forever grateful to have served as a member of the company's board."




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Disney chief executive Bob Iger has stepped down from his position on Apple's board of directors, as the tech giant confirmed the launch plans for its video-streaming platform this week.
Iger's resignation was noted in an SEC filing that was released to the public on Friday. The filing was originally made this Tuesday, the same day as Apple's product event, where the company revealed more information about its subscription streaming service, Apple TV Plus.
The Disney chief exec had served on Apple's board since 2011. His presence on the board, however, had become increasingly complicated as of late as Apple's sluggish hardware business forced it to consider alternative revenue streams, like a subscription news service and Netflix-competitor.
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