(Reuters) -Walt Disney's ( DIS ) streaming service will start cracking down on password-sharing from June, Chief Executive Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and profitability at the business.

Iger also said there was a need for some consolidation in the streaming industry and Disney ( DIS ) was eventually looking at double-digit margins in streaming, in a wide-ranging interview with CNBC.

The interview came just a day after Disney ( DIS ) investors backed Iger and other company directors, defeating a campaign by activist investors including Nelson Peltz who argued that Disney ( DIS ) had underperformed in the streaming-television era.

"The proxy vote was a decisive, true endorsement of the board," he said, playing down criticisms of the activist investors and saying that the company was focused on succession - one of the major tasks facing the board of Disney ( DIS ).

Asked about criticism from billionaire Elon Musk, who had backed Peltz in the proxy battle, Iger said: "I ignore it."

(Reporting by Aditya Soni in Bengaluru; Editing by Anil D'Silva)