The Walt Disney Company (NYSE:DIS) CEO Bob Iger has bought around $1 million worth of Apple Inc. (NASDAQ:AAPL) shares earlier this week. This is a symbolic gesture in Iger’s confidence about Apple’s prospects. Iger joined Apple’s board on November 15th. He bought 2,670 Apple shares on the open market on Tuesday at an average price of $375 each. Iger’s wife owns 75 Apple shares. [Reuters]

 
[Left: Art Levinson, Right: Bob Iger]
Apple Inc. (NASDAQ:AAPL) has announced today that they have named Art Levinson as the non-executive chairman of the board. He succeeds Steve Jobs, who had passed away last month after battling cancer for several years. Art joined the Apple board in 2000 and has been the longest serving co-lead director. Apple also added Disney CEO Bob Iger to the board of directors at the company. Iger is best known for overseeing the merger of Pixar and Disney.

Disney sells a plethora of music, movies, and TV on iTunes.  Disney may not be too happy about the chunks of revenue that Apple takes out of it because at the Deutsche Bank 17th Annual Media And Telecommunications Conference yesterday, Disney CEO Bob Iger said that the company “is considering creating a subscription-based online movie and TV rental service from the company’s huge video library.”

However BusinessInsider makes a great point.  “Web users like to find all their content in one place, not in isolated verticals,” wrote BusinessInsider editor Nicholas Carlson.  Perhaps Disney should make a partnership with Hulu rather than starting their own rental service.  Or better yet create a Hulu version of all of their archived programs and movies.  Target advertisers would love to reach that demographic.  A Disney version of Hulu would make the life of a babysitters easier too.