The studios are a license to print money. Disney's brand and IP can't fail, because they're incredibly valuable. Certain movies only "disappointed" because the media deliberately put its thumb on the scale because nothing sells like "Disney in disarray," even when it's isn't quite true.
The Fox merger has not failed. It is a valuable, complimentary asset alongside ABC, ESPN, Lucasfilm, Pixar and Marvel. This is a solid group that cannot be broken apart without destroying everything else. Plus, Disney is a better home than Comcast ever would've been, especially for the Alien IP, because Neill Blomkamp's film might happen now.
War, COVID and the like was something NO ONE could have predicted. So Disney's not alone there.
Disney's stock is worth $250 a share, and Iger will get it there by his turnaround period's end. You'll see.