Disney Is a Law Firm That (Sometimes) Makes Movies
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Walt would hate the new disney fr🙏🥀
Edited By: Andrew Gonzales
Music Courtesy of: Epidemic Sound
Select Footage Courtesy of: Getty Images
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All materials in these videos are for educational purposes only and fall within the guidelines of fair use. No copyright infringement intended. This video does not provide investment or financial advice of any kind.
#disney #business #howmoneyworks
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2026
The Walt Disney company is a multinational operation that employs roughly one hundred and ninety thousand people in forty-five countries around the world. The company is now responsible for producing entertainment in all forms. Movies, tv shows, broadcast news, theme parks, cruise lines, sports and even Broadway shows fall under their expansive corporate umbrella.
But Disney is not an entertainment company, it’s a legal firm that… sometimes… makes movies.
11:50 “Disney... [defends its intellectual property] to a degree that no other company has come close to.”
Nintendo would like to know your location
Executive compensation for listed companies is public information that must be filed with the Securities and Exchange Commission in an annual proxy statement. The statement must include the total compensation of the companies Chief Executive Officer, Chief Financial Officer, and three highest paid executive officers. It also must include a detailed summary of how performance-based bonuses are calculated. This rule stops executives ripping off investors by secretly paying themselves overinflated salaries.
The executives typically listed in the proxy statement are the CEO, CFO, Chief Marketing Officer, Chief Operations Officer and Chief Technical officer. It’s rare that a Chief Legal Council makes the top five. The Walt Disney Company’s top lawyer Alan Braveman made twenty-one point two million dollars in 2021 before stepping down and being replaced by Horacio Gutierrez who is already on track to be one of Americas highest paid lawyers in 2023. Gutierrez will earn that money because next to Bob Iger the companies two-time CEO, he might be the most important person in the business. The Walt Disney company is broken down into two corporate verticals.
And #The_Mouse_That_Bored's crooked attorneys ALL needed to be DISBARRED and IMPRISONED!!!
The first vertical is their parks experiences and products. This side of the operation covers their sole ownership and management of their world famous American parks in Florida and California, their park in Paris France, their vacation club timeshare business, the Disney Cruise Line and their minority ownership stake in the Hong Kong and Shanghai Parks. Additionally, the Parks Experiences and Product vertical is responsible for licensing branded merchandise with third party manufacturers like LEGO and Hasbro.
Disney’s second vertical is what it’s best known for, media and entertainment.
This video might be interesting, but I can't take your voice. ...bye
This arm of the Disney empire handles content creation through it’s studios, and distribution through theatres, TV channels, cable, and streaming services and more licensing. The BASIC corporate structure looks like this, but Disney studios down here is actually seven different studios, Disney pictures, Walt Disney animation studios, Pixar, Marvel, Lucasfilm, 20th Century Fox and Searchlight Pictures so this whole complicated mess is just the basic overview.
The first way is by lobbying a task that is typically done by legal groups but something that Disney does in house. Since the goal of lobbying is to change laws in favour of the lobbyist or the group that the lobbyist represents a strong understanding of the legal system is a prerequisite. Since the company makes so much of it’s revenue from licensing the best way to secure value for shareholders is to make sure nobody can use their media without paying for it.
So you're saying Disney is propaganda indoctrination machine?
Warren Buffett tells his investors about the importance of a company moat, which is a metaphor for anything that can stop fair competition. Anti-competitive behaviour is normally illegal but there are ways around it. Apple inc. Buffett’s largest investment, builds a moat by designing their products to work best with only their products, locking users in to an optimized Apple ecosystem. Disney builds this moat by making it illegal to tell the same stories or use the same characters as them. The successful lobbying campaigns that gave us these two laws did more for Disney’s value than any movie or franchise it has ever produced. The companies role in getting this passed into law was so ubiquitous that today it is simply known as the Disney Laws.
So, it’s time to learn How Money Works to find out why the Walt Disney Company is a high-end legal firm FIRST and an entertainment company second.
If you look into the details without bias you will find the truth.
Disney/Marvel have over exaggerated their expenses by purchasing overpriced things from other companies that they also own so they can can minimize profits on paper but maximise profits off the record. This will also reduce the percentage they'd pay their actors. If they underpaid the cast then imagine how much more underpaid the crew are.
If Disney actually cared about profit then they wouldn't be making woke propaganda movies like Snow White, She-hulk and a few other women led movies that flopped with around 7 figure losses.
The sure fire way to see the truth is to see if their actions match their words both on and off the record.
More User Perspectives
We should say every corporation at its core is a law firm.
@nalcowDisney & Mickey Mouse have turned evil. #PowerToThePeople - Consider becoming a stockholder of any “Public” company whose goods or services you use. If you use Disney Streaming, Xfinity Internet, AT&T Wireless, drive a Ford, and smoke Marlboro’s, buy stock symbols DIS, CMCSA, T, F, PM & MO. It will cost less than $300-400 to buy one share of each company. As owners of a stock, shareholders can bring legal action against the company, board members, executive officers, and under certain circumstances, other shareholders. Defending your civil liberties, Priceless!
@hashtagtheatre3951If this is true then it’s like “The Boys”
“You are under the impression that we are a family entertainment company. We are not. We are a law firm company, and you are not our most valuable asset”
"When you think of copyright lawsuit you probably think of Disney"
No I think of Nintendo.
laws always make money no matter what its not just disney does it. when law makes money they build power
@darkcymruchannel5683Disney still needs movies, IP, and theme parks to make money for the consuming public in order for its legal department to have a reason to exist. Here lately Disney hasn't been capable of capturing audiences for their vast networks of IP that they base their movies upon and build massive amounts of theme park rides around. Challenging your audience with IP, products, and stories they have no desire for is not leading to legal team wins and success for the brand that was built by a once beloved, bigoted, masterful businessman. Walt was not perfect but the business he built is being slow burned to irrelevance by smug group of individuals who have forgotten customers build a brand, and no legal team can create a consumer base for a product without desires.
@jeremycoco8343So disney runs on buying and corrupting other intellectuel property, own them as long as possible and avoid taxes. Real heros
@davidwittgruber7113Disney should move to Georgia
@TheHomemanWhen I saw the title I was like " oh but of course they are." I mean what pot doesn't Disney have their fingers in at this point
@juliet4515Now it’s four months later, and Blayton corruption has been discovered after an audit. It looks like somebody’s gonna go to jail for this one goodbye, Disney.
@xman577I boycott Disney for years now and maybe you should do. That company is dangerous and promotes perverted things for children.
@RealityCheck6969Patents have to be amortized not depreciated
@bluemo7253Can we get a part 2 on disney with more specifics!?
@ziggamalayOne of the most eye opening business videos I've ever watched in my life....
@jameskevin6017Salesforce is a holding company that sometimes provide a database with a UI.
@atsanonwadsanthat166I'm no Disney apologist. I think it's not healthy for our cultural output to be concentrated in a handful of companies, and Disney is one of the worst. However, I think that this video was pretty misleading for these reasons:
1. Most importantly, making movies is the wellspring that lets the other business sectors of Disney profit so much. So it turns out that a large fraction of the money to be made from a movie isn't made at the box office. That doesn't mean that the movie didn't make that money. I actually disagree with IP, but saying that relying on IP makes Disney a law firm would be like saying that any company that has some of its interests protected by laws is a law firm.
2. Patents do depreciate. They don't last forever - they expire after 20 years. A design could last indefinitely. Arguably IP's value decreases over time as well, even disregarding the public domain. People lose interest in old IP, even if it does get remade occasionally.
3. Depreciation is limited to the total value of the asset and it's the flip side of not including the capital expense on your income statement when it was incurred (since even though you paid a lot of cash for the property, it's now yours so it increases the amount of assets you have). This means that Disney didn't deduct that $71B purchase of Fox from their net income when they bought it. Depreciation is moving tax liabilities through sensibly through time, not eliminating them.
3.5. Quibble: depreciation isn't why Disney can buy Fox for $71B even with $3B income, it's the loans. Why say that it was depreciation and then give the real explanation?
3.75. About company acquisitions, the amount that an acquirer pays in excess of the book value of the acquired company's assets is called goodwill and doesn't depreciate, but sometimes gets impaired. So that purchase of Fox had better have been worth it to Disney because it won't be able to depreciate the entire amount that it paid for it.
4. Pixar, Marvel, Lucasfilm, etc, are all subsidiaries of Disney, but that doesn't mean they're not part of Disney. Anything that they make has been made by Disney.
5. Is Disney being painted as a villain for forming Reedy Creek Improvement district, or by the fact that if it gets disbanded the counties will have to pick up the budget slack? You can't have it both ways. If Disney was paying all those expenses and wanted to continue paying them were it not for the government, that doesn't sound like Disney nefariously manipulating the law.
So THAT'S how Disney stays afloat while producing one financial flop after another. I've been wondering about it for a while. Thanks, this is so insightful
@spacerookie2391Thanks again
@chadjones1266All businesses are law firms that work on the snitch' principle: do by rules, catch by rules, report by rules, sue by rules, then make more rules to profit themselves.
@FaultyTwoI fucking hate De Santis but at least it's amusing watching him oppose Disney
@facuuafThankfully, I can watch all Disney stuff I am interested in for zero bucks thanks to the internet. That criminal bastards will not get a single penny from me ever.
@maxschmidt666Unfortunately this business model takes away from the creation of new innovative ideas and stories. Instead it focuses on innovative accounting tricks and legal loopholes. We the people want our top companies to be on top because of genius creation, genius art, genius innovation, not explotation of accounting manipulation and legal loopholes.
@Emc4421Customers and shareholders hate Disney's failing strategy of IP acquisition and licensing over good movies and parks.
@JJ-rp2dfexcellent and interesting video ❤
@dianet39947:00 super interesting
@olivergilpin3 and 5. Can't choose between the two. 8 definitely my number 3.
@Porthos240I love your channel! Thanks for these types of videos.
@Mrbrett1982This is probably you best video so far IMO!!!
@juisic90tvAnd most of us have heard that tired jokes about hating lawyers, right?
@168tsai8Back in 2009 I looked over the I-990 for the Red Cross. The chief lawyer was paid more than the CEO. Very enlightening.
@bill-wowzerThe word "lawfirm" is highly misleading but hey, that's Youtube for you.
@nakata18Copyright lawsuit - Nintendo. 12:11
@Cyber_Chriisit's a marketing company shadowed as media animation company
@krox477I just thought they were an evil corporation with cutesy imagery... Turns out, I was right.
@JamesBond-xx1lvAlso, Nintendo is a law firm that sometimes make games.
@triadwarfareThis is like when I learned in college that Starbucks' core business isn’t coffee but instead is in banking
@zachpercExcellent illustration of how fucked up our world system is, and how often that "the biggest money" doesn't flow to the most "meritorious".
@shimrrashai-rc8fq😂😂😂😂😂😂😂,addio Disney verso un fallimento annunciato 4 o 5 anni ed è morta e sepolta se va avanti così.ridicoli😂😂😂😂😂😂
@alba4203