Apple’s video plans put Disney chief’s board seat at risk

Apple Inc.’s foray into original TV shows and movies is increasing competition with Walt Disney Co., potentially putting Bob Iger’s board seat at the iPhone maker at risk.

Apple has been buying shows and movies at festivals and funding its own content that the company plans to package this year into a streaming video service. It’s set to preview the offering with Hollywood stars at an event March 25 in Cupertino, California.

Apple’s recent proxy statements said the company has “arms-length commercial dealings” with Disney, including digital services content licensing agreements. But the filings added that Iger, chief executive officer of Disney, doesn’t have “a material direct or indirect interest” in those deals.