Iger Wins Proxy Fight But Still Faces Uphill Battle to Secure Disney's Future

Iger prevailed in recent proxy fight, but Disney still faces challenges like declining cable TV revenue and unprofitable streaming.

Future of high-revenue generators like ESPN sports programming and theme parks remains uncertain.

There are open questions around who will succeed Iger as CEO when he steps down in 2026.

Disney shares have rebounded nearly 50% since October, but unclear if due to Iger's changes or threat of activist intervention.

With proxy fight settled, performance pressures directly on Iger now to execute the announced turnaround plan.