Disney CEO Bob Iger resigns from Apple board as streaming wars heat up

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Comments

  • Reply 21 of 69
    hentaiboy said:
    How does the Chairman and CEO of Disney find the time to be an Apple Director?
    The same way Tim Cook has time to be on the board of directors for Nike. It's not like Tim reports to Nike all the time.
    edited September 2019 AppleExposednetroxrandominternetperson
  • Reply 22 of 69
    SoliSoli Posts: 10,035member
    A decade or so ago I recall reading that for each board meeting they get paid about $127,000. Just to sit in a room for an hour or two, with all things catered, even a private jet to get them to the meeting. Is their input really that important that it's well over a half-million dollar per board member per year?
    lostkiwi
  • Reply 23 of 69
    jimh2 said:
    Apple will be getting skim off of Disney’s streaming offer. Probably 15% or whatever the rate is for subscription services. It is unfortunate that Apple and Disney did not combine efforts. 

    Disney’s streaming catalog is deep and even more so with the purchase of 20th Century Fox’s library along with all the channels Disney owns. Disney fans are like Apple fans...they love the product and will pay for it. Many will be surprised at the number of subscribers they will get. It’s another nail in the coffin for cable. 
    Disney doesn’t need to play Apple anything.  They’ll do what Netflix does and have the signup and payment outside of the App.

    The cable/wireless companies bought content companies... they’ve prepared for the future.  The pipe won’t matter as long as you have the speeds to stream (your) content.  

    It’s all about consolidation and bundling.  Dish is the weird one.  Instead of acquiring content they bought spectrum and phone subscribers (business) that was spun off from the Sprint/T-Mobile merger.  They’re going to end up paying more for content.  Maybe they’ll do a deal with Hulu/Disney.  Anyone want to sign up for Disney Mobile... that was once Dish?

    Apple will ride along on whoever’s pipe, they’re figuring they can bundle other services, and not pay for the expensive infrastructure... and profit just fine.

    Netflix is also interesting.  No big player wants to buy them... the evaluation is to high.  
    FYI: In 2019Netflix is expected to generate a cash loss of $3.5 billion.May 26, 2019 (Forbes)

    They’re in an unsustainable business model.  Creating content, and licensing the rest is to expensive...  They probably should have acquired other companies when growth looked good.  Now they probably need to raise prices to survive, but they can’t without tanking subscriber numbers.  Wait for the stock to recover and Short the @#$& out of it.


  • Reply 24 of 69
    AppleExposedAppleExposed Posts: 1,805unconfirmed, member
    jimh2 said:
    Apple will be getting skim off of Disney’s streaming offer. Probably 15% or whatever the rate is for subscription services. It is unfortunate that Apple and Disney did not combine efforts. 

    Disney’s streaming catalog is deep and even more so with the purchase of 20th Century Fox’s library along with all the channels Disney owns. Disney fans are like Apple fans...they love the product and will pay for it. Many will be surprised at the number of subscribers they will get. It’s another nail in the coffin for cable. 
    Disney doesn’t need to play Apple anything.  They’ll do what Netflix does and have the signup and payment outside of the App.


    Source?
  • Reply 25 of 69
    Soli said:
    A decade or so ago I recall reading that for each board meeting they get paid about $127,000. Just to sit in a room for an hour or two, with all things catered, even a private jet to get them to the meeting. Is their input really that important that it's well over a half-million dollar per board member per year?
    There’s a great deal of evidence on average amount of time spent by a typical Fortune 500 board members on the company on whose board they sit: it’s about one month. I think that ~$500K per year is not a whole heck of a lot for a group of people who are supposed to be looking over the shoulders of a CEO. 
  • Reply 26 of 69
    I think that this was bound to happen. I’ve been less than impressed by Disney/ABC/ESPN’s lack of serious commitment to making their content available in AppleTV. It took them the longest amount of time, and even then it’s been grudging. 

    Good riddance. 
  • Reply 27 of 69
    chasmchasm Posts: 3,304member
    Relax, folks. Disney and Apple are still best buddies. This is to avoid any possible conflict of interest ("competitor" knowing what Apple is planning in streaming), and really nothing more. Disney+ is already signed on to Apple TV's app gallery, and if you want to read a bromance letter read Apple's PR statement about Iger's departure. This move is to satisfy legal requirements and avoid any impropriety only, and won't affect the Disney/Apple relationship one iota.
    pscooter63badmonk
  • Reply 28 of 69
    AppleExposedAppleExposed Posts: 1,805unconfirmed, member
    chasm said:
    Relax, folks. Disney and Apple are still best buddies. This is to avoid any possible conflict of interest ("competitor" knowing what Apple is planning in streaming), and really nothing more. Disney+ is already signed on to Apple TV's app gallery, and if you want to read a bromance letter read Apple's PR statement about Iger's departure. This move is to satisfy legal requirements and avoid any impropriety only, and won't affect the Disney/Apple relationship one iota.

    I hope so.
  • Reply 29 of 69
    mobird said:
    Now if only the buffoon Al Gore would take a hike.
    Al Gore created climate change alarmism to get rich off the global warming pyramid scheme. He should be in jail for fraud.
    edited September 2019 razorpit
  • Reply 30 of 69
    wood1208wood1208 Posts: 2,913member
    Nothing different. Similar to Google's Eric Smith resigned from Apple Board due to conflict of interest,business.
  • Reply 31 of 69
    mpantonempantone Posts: 2,040member
    wood1208 said:
    Nothing different. Similar to Google's Eric Smith resigned from Apple Board due to conflict of interest,business.
    Perhaps you mean Eric Schmidt.

    Not sure what you gain by screwing up the fundamentals.
    edited September 2019
  • Reply 32 of 69
    jimh2 said:
    Apple will be getting skim off of Disney’s streaming offer. Probably 15% or whatever the rate is for subscription services. It is unfortunate that Apple and Disney did not combine efforts. 

    Disney’s streaming catalog is deep and even more so with the purchase of 20th Century Fox’s library along with all the channels Disney owns. Disney fans are like Apple fans...they love the product and will pay for it. Many will be surprised at the number of subscribers they will get. It’s another nail in the coffin for cable. 
    Disney doesn’t need to play Apple anything.  They’ll do what Netflix does and have the signup and payment outside of the App.


    Source?
    “Instead, Netflix will direct these users to pay via mobile webpage, eschewing Apple'spercentage cut of subscription fees, as spotted by TechCrunch. Netflix and other apps currently pay Apple 30 percent of a user's first subscription and 15 percent for renewals. ... Netflix declined to officially confirm this information.Aug 21, 2018” The Verge

    You can search on Google and find many mentions of this...

    Anyone can avoid paying Apple’s 30% they just need a website to accept payments, their app listed for free on the Apple App Store, and access to the app content restricted by a username and password.

    Many smaller services/apps will pay Apple’s 30% but most larger ones will bypass Apple.  For example, I have NordVPN the “best” price is available through their website where they don’t have to pay Apple.  You can still buy through the app if you’re to lazy to get the best price by entering your information through their website.


    Soli
  • Reply 33 of 69
    SoliSoli Posts: 10,035member
    mpantone said:
    wood1208 said:
    Nothing different. Similar to Google's Eric Smith resigned from Apple Board due to conflict of interest,business.
    Perhaps you mean Eric Schmidt.

    Not sure what you gain by screwing up the fundamentals.
    Gain? Are you implying that he wrote Smith on purpose?
  • Reply 34 of 69
    jdwjdw Posts: 1,339member
    It took him too long.  He should have resigned (or been forced to resign) many months ago when he first learned of Apple's plans.  He remained because he gets paid way too much as a board member at Apple, and because he wanted to glean info.  The same thing happen with Eric Schmidt of Google, resigning quite a while after he learned of the iPhone.  I still feel that there's a lot of iPhone in Android because of Schmidt's board presence.  Board members are privy to everything!
    razorpit
  • Reply 35 of 69
    jimh2 said:
    Apple will be getting skim off of Disney’s streaming offer. Probably 15% or whatever the rate is for subscription services. It is unfortunate that Apple and Disney did not combine efforts. 

    Disney’s streaming catalog is deep and even more so with the purchase of 20th Century Fox’s library along with all the channels Disney owns. Disney fans are like Apple fans...they love the product and will pay for it. Many will be surprised at the number of subscribers they will get. It’s another nail in the coffin for cable. 
    Disney doesn’t need to play Apple anything.  They’ll do what Netflix does and have the signup and payment outside of the App.


    Source?
    “Instead, Netflix will direct these users to pay via mobile webpage, eschewing Apple'spercentage cut of subscription fees, as spotted by TechCrunch. Netflix and other apps currently pay Apple 30 percent of a user's first subscription and 15 percent for renewals. ... Netflix declined to officially confirm this information.Aug 21, 2018” The Verge

    You can search on Google and find many mentions of this...

    Netflix isn't in TV app.

    For someone who has a thousand posts here you comparatively know very little. (and not surprising if what you read is The Verge lol)
    edited September 2019
  • Reply 36 of 69
    As I've been saying for years, Disney is the biggest threat to Apple over the next ten years. Nothing wrong with that. Competition is good. But you can't have major competitors sharing members on their respective boards of directors because that's a conflict of interest.

    Disney is competing with Apple (very soon) on selling streaming video, and Disney is likely to crush Apple (into Apple Sauce) in this area. But Disney also owns the company that makes Hero Pro cameras, and it's a small step for them to take that capacity and start producing hardware like a video streamer. Because of Disney's content, they could probably crush both the Apple TV hardware and Apple TV+ services. And maybe other things like Apple Arcade, or Apple News, in a few years.
    GoPro is a public company... 
  • Reply 37 of 69
    seanismorris said: Netflix is also interesting.  No big player wants to buy them... the evaluation is to high.  
    FYI: In 2019Netflix is expected to generate a cash loss of $3.5 billion.May 26, 2019 (Forbes)
    Netflix doesn't own a lot of valuable IP either. 
  • Reply 38 of 69
    gatorguygatorguy Posts: 24,213member
    jimh2 said:
    Apple will be getting skim off of Disney’s streaming offer. Probably 15% or whatever the rate is for subscription services. It is unfortunate that Apple and Disney did not combine efforts. 

    Disney’s streaming catalog is deep and even more so with the purchase of 20th Century Fox’s library along with all the channels Disney owns. Disney fans are like Apple fans...they love the product and will pay for it. Many will be surprised at the number of subscribers they will get. It’s another nail in the coffin for cable. 
    Disney doesn’t need to play Apple anything.  They’ll do what Netflix does and have the signup and payment outside of the App.


    Source?
    https://techcrunch.com/2018/12/31/netflix-stops-paying-the-apple-tax-on-its-853m-in-annual-ios-revenue/
    muthuk_vanalingam
  • Reply 39 of 69
    flydogflydog Posts: 1,124member
    As I've been saying for years, Disney is the biggest threat to Apple over the next ten years. Nothing wrong with that. Competition is good. But you can't have major competitors sharing members on their respective boards of directors because that's a conflict of interest.

    Disney is competing with Apple (very soon) on selling streaming video, and Disney is likely to crush Apple (into Apple Sauce) in this area. But Disney also owns the company that makes Hero Pro cameras, and it's a small step for them to take that capacity and start producing hardware like a video streamer. Because of Disney's content, they could probably crush both the Apple TV hardware and Apple TV+ services. And maybe other things like Apple Arcade, or Apple News, in a few years.
    Disney is not even a minor threat to Apple given that Apple TV+ is a nearly insignificant part of Apple’s business.  Even if Apple TV+ grew to be the size of a Netflix it would still be less than 4 of Apple’s revenues. 

    And I don’t see how Disney’s success would negatively affect Apple TV hardware. The opposite is true. 
  • Reply 40 of 69
    flydogflydog Posts: 1,124member
    mobird said:
    Now if only the buffoon Al Gore would take a hike.
    Why?
    He has no idea.  People let their religious and political beliefs cloud their judgment, which results in jackass comments that have no basis in fact. 
    Rayz2016gilly33
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