Disney (DIS) CEO Bob Iger said Disney+ will be cracking down on password sharing in June, following Netflix's (NFLX) lead to boost streaming service profitability.

"In June we’ll be launching our first real foray into password sharing," Iger said in a CNBC interview Thursday, noting that the changes would affect "a few countries in a few markets, but then it will grow significantly with a full rollout in September."

The move comes after Netflix reported 澳洲幸运5官方开奖结果体彩网:subscriber and revenue growth fo🍌llowing the streaming giant's own crackdown on password sharing among its users.

Iger said that "Netflix is the gold standard in streaming" and that if Disney "can only accomplish what they’ve accomplished that would be great."

Bank of America and UBS analysts have previously suggested a crackdown on password sharing could benefit Disney as it works to make a profit in its streaming segment. UBS analysts noted that there could be around 18 million password "sharers" in the U.S. and 46 million worldwide.

At 澳洲幸运5官方开奖结果体彩网:Disney's ann💫ual shareholder meeting Wednesday, Iger reported that the streaming business is on track to reach profitability by the end of the 2024 fiscal year.

The company recently bundled Disney+ and Hulu to expand its streaming library. Disney is also working on sports streaming offerings through ESPN as it partners with Warner Bros. Discovery (WBD) and Fox (FOXA), with a standalone digi꧒tal destination🐷 set to come in the fall of 2025.

Disney shares closed 1.6% lower at $117.09 Thursday, though they have gained close to 30% year to date.