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Disney CEO Bob Iger. Photo: Wiktor Szymanowicz / Barcroft Media via Getty Images

Disney CEO Bob Iger resigned from Apple's board on Tuesday, according to SEC paperwork filed on Friday by Apple.

Why it matters: Presumably, he left due to conflict of interest. Both Disney and Apple are expected to launch rival video streaming subscription services this November.

Details: Apple didn't provide any information about the reason for Iger's departure, but Iger has referenced the conflict in the past.

  • Iger told Bloomberg TV in April that he was careful to recuse himself from Apple board meetings when streaming was mentioned.
    • "That business is still nascent to Apple and still relatively small," he said at the time. "It's not really discussed all that much."

Background: Iger joined the Apple board in 2011, shortly after the death of Apple co-founder Steve Jobs. At the time, Apple wasn't really working on content or video services, and was focused mostly on selling hardware, like iPhones and Macbooks.

Be smart: While the 2 services are quite different and serve fundamentally separate purposes, both companies will likely compete against each other for subscription budgets, talent and content deals.

This isn't the first time executives have had to shuffle board slots to make way for the streaming wars.

  • In April, Facebook said Netflix CEO Reed Hastings would resign from its board. Reports suggested that Hasting's departure was in part attributed to the fact that Facebook was beginning to build its own video business that could in some ways rival Netflix's.

Go deeper

Dan Primack, author of Pro Rata
34 mins ago - Economy & Business

Scoop: Red Sox strike out on deal to go public

Illustration: Sarah Grillo/Axios

The parent company of the Boston Red Sox and Liverpool F.C. has ended talks to sell a minority ownership stake to RedBall Acquisition, a SPAC formed by longtime baseball executive Billy Beane and investor Gerry Cardinale, Axios has learned from multiple sources. An alternative investment, structured more like private equity, remains possible.

Why it matters: Red Sox fans won't be able to buy stock in the team any time soon.

Trump political team disavows "Patriot Party" groups

Marine One carries President Trump away from the White House on Inauguration Day. Photo: Patrick Smith/Getty Images

Donald Trump's still-active presidential campaign committee officially disavowed political groups affiliated with the nascent "Patriot Party" on Monday.

Why it matters: Trump briefly floated the possibility of creating a new political party to compete with the GOP — with him at the helm. But others have formed their own "Patriot Party" entities during the past week, and Trump's team wants to make clear it has nothing to do with them.