03:52 PM EDT, 04/04/2024 (MT Newswires) -- Walt Disney ( DIS ) plans to start a crackdown against password sharing starting June amid efforts to make the streaming business profitable, Chief Executive Officer Bob Iger said Thursday in an interview with CNBC.

The Disney+ streaming service will start cracking down on password sharing in June in some countries and more broadly in September, Iger said.

The Disney ( DIS ) CEO said the streaming business is on track to be profitable in fiscal Q4.

Disney ( DIS ) did not immediately respond to MT Newswires' request for comment.

Shares of Disney ( DIS ) were down 1.6% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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