Disney

Disney CEO resigns from Apple board as streaming wars heat up

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.

The box office's summer slump

Photo: Daniel Fung/SOPA Images/LightRocket via Getty Images
Photo: Daniel Fung/SOPA Images/LightRocket via Getty Images

Summer box office revenues were down 2% this year from the same period (beginning of May to beginning of September) as last year, per Comscore.

Why it matters: Mega hits like "The Lion King," "Aladdin" and "Toy Story 4" were supposed to keep the box office alive this summer, but broader economic trends and less-than-compelling storylines kept audiences from turning out in droves.