Disney to start cracking down on password-sharing from June: CEO Bob Iger

Walt Disney’s streaming service will start cracking down on password-sharing from June, CEO Bob Iger said on Thursday, as the entertainment conglomerate looks to boost subscriber growth and make the business profitable.

Iger also signaled a need for consolidation in the streaming industry and said Disney was “eventually” looking at double-digit margins for the business, in a wide-ranging interview with CNBC.

Streaming rival Netflix’s password-sharing crackdown had helped it add nearly 22 million subscribers in the second half of 2023 and shatter Wall Street expectations.