Apple’s push into original TV and movies could be a potential problem for Disney CEO Bob Iger as he currently holds a seat on Apple’s board. Both companies are set to launch video streaming services sometime this year.
According to a report from Bloomberg, despite both companies planning to launch video streaming services later this year, Apple has signed several deals with Disney including digital services content licensing agreements. Despite this, Disney’s Iger doesn’t have “a material direct or indirect interest” in those deals.
Disney’s Iger has served on Apple’s board since 2011 and was a close friend of Steve Jobs. Jobs was on Disney’s board up until his passing in 2011. Both Iger and Jobs appeared on stage nearly a decade ago announcing the partnership with iTunes.
Bloomberg says that Iger, Tim Cook, and Apple’s Services chief Eddy Cue were spotted together at the Sun Valley conference.
Apple is reportedly looking to launch its video streaming service alongside its Apple News subscription at an event on March 25. While still officially unannounced, the company is looking to invite high level Hollywood stars to the event.
