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- The Walt Disney Company hosted an earnings call on Wednesday.
- Executives said the company would crack down on password sharing in September.
- Disney also reported that its streaming business was profitable for the first time.
Disney said on Wednesday that it would crack down on password sharing next month.
Disney executives discussed its streaming operations during its third-quarter earnings call. The media giant owns Disney+, Hulu, and ESPN.
"We started our password-sharing initiative in June," CEO Bob Iger said during the call. "That kicks in, in earnest, in September."
Hugh Johnston, Disney's chief financial officer, said the company hoped to achieve "double-digit margins" with its direct-to-consumer operations.