Disney Is a Law Firm That (Sometimes) Makes Movies

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Жыл бұрын

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Edited By: Andrew Gonzales
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#disney #business #howmoneyworks
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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.
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.
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 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.
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.

Пікірлер: 569

@HowMoneyWorks Жыл бұрын

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@metaknight5199 Жыл бұрын

honk

@HowMoneyWorks Жыл бұрын

@@metaknight5199 beep

@whatsup3519 Жыл бұрын

@@HowMoneyWorks bro,how to become a successful business man. Is there any strategy playbook to revive business and make it profitable. Expecting video or reply

@tedstersscience1637 Жыл бұрын

Legitimate question, why would I want to pay Babbel 10 bucks per month per language when I can pay 20 bucks per month for chatGPT plus, that can teach you any language in the world fluently? If GPT4 was able to let me singlehandedly code an MVP from scratch without any prior coding knowledge or experience, why wouldn't I just use this instead of babble?

@Padtedesco Жыл бұрын

how those law works in international countries?

@enriquemercedes9519 Жыл бұрын

This is like when I learned in college that McDonald’s core business isn’t fast food but instead is in real estate.

@SahedX Жыл бұрын

What? 😦

@sheadoolittle Жыл бұрын

@@SahedXMcDonald’s the corporation makes money from real estate and franchise fees and very little from actually selling hamburgers etc although they do make some money selling supplies to franchisees

@ToniVarga Жыл бұрын

Yes you learned that from the movie lol

@andrewsiemon Жыл бұрын

Yeah, let’s be real. Colleges don’t teach useful information like that. You saw that in The Founder.

@wilfriedvomacka1783 Жыл бұрын

Yes, you learned this from profesor Kiyosaki.

@luisfilipe2023 Жыл бұрын

It’s frustrating and insulting how a company who made its money from telling old stories in an innovative way is so hellbent on abusing copyright to stop further innovation

@HTV-2_Hypersonic_Glide_Vehicle Жыл бұрын

It's kind of like life itself.

@sunnohh Жыл бұрын

It makes more sense when you know disney just resells old stories whitewashed for a bland audience

@WanderTheNomad Жыл бұрын

It might just be part of the human condition that those who gain power want to stay in power. Everybody loves to root for the underdog, but don't really think about what happens once they're no longer the underdog. Perhaps you'll grow disillusioned with them. Or perhaps you will stick with them even after they've become big and desperately trying to maintain their position as the top dog.

@arhturcosta4066 Жыл бұрын

@@WanderTheNomadw, how can they be such of twisted utopian freaks thinking they can become gods... How toxic pathetic.

@JLneonhug Жыл бұрын

That's the way of the west and how capitalism works.

@kensh851 Жыл бұрын

I noticed top companies don’t function the way they perceived. Louis Vuitton isn’t just a creative fashion brand, it relies on subjective high status image. Starbucks isn’t just a coffee company, it’s a bank they said. And now, Disney is a law firm that sells movies and merchandise. Externally, function as a delicious treat; internally function as a destructive system.

@drinkingpoolwater Жыл бұрын

Coca Cola is a water source company. They scour the globe and buy up artisan springs and aquefiers to keep their production high

@boslyporshy6553 Жыл бұрын

Wonder if it could be said they evolve as they get bigger.

@redouanedahhani7000 11 ай бұрын

The most fundamental principle of a company is that it is a legal person, it is the law first and foremost that is at the source of any power a company exercises, so it's only natural that at high level of business running a focus on legal operations is more prominent. For anything that is ill intentioned, I would blame the decision makers, not the system.

@alangivre2474 11 ай бұрын

Indeed, and airplanes are credit cards of Miles that travel airplanes, auto companies are really banks for Auto Loans that make cars.

@2011blueman Ай бұрын

Huh? Louis Vuitton functions in exactly the way it's perceived.

@AbdulGoodLooks Жыл бұрын

"Find out how the company's founder changed from a naive storyteller who was a perpetual failure to a ruthless businessman hell-bent on capitalizing on his one success to build the largest media company that the world has ever known" Now that is quite the escalation.

@MohamedTarikRochdi Жыл бұрын

It's like a villain origin story (dare I even say H**ler?)

@sp123 Жыл бұрын

There's usually some important middle man who got left out the story...

@MissRora Жыл бұрын

It gets even scarier when you see what EPCOT was _originally_ supposed to be...

@LuseGoose Жыл бұрын

Well Disney the man, in his other video, was screwed over big time several times. This isn’t even counting all the other scummy businesses

@andresouza6346 11 ай бұрын

@@MissRoraOk, now I REALLY WANT TO KNOW!

@ChristopherRoss. Жыл бұрын

Disney taught me that anti-trust laws are abstractions and suggestions. They apply rarely and only when you rub the right people the wrong way.

@justadude1477 Жыл бұрын

I saw a video that said literally everything can be done for a fee (tickets) like is it illegal to drive with no seatbelt? No it just cost you $40.

@BewareTheLilyOfTheValley Жыл бұрын

@@justadude1477And with companies, it's "just the cost of doing business". If they can pay that ticket, they'll do so and keep it moving with no changes. The fee usually doesn't even make a dent in their pockets.

@valurimist9861 Жыл бұрын

The government which is supposed to enforce these laws are the same ones taking bribes to encourage anti-competitive behavior. You say the company is the issue but what about the government failing to act and properly enforce a capitalist society?

@gabbar51ngh Жыл бұрын

Thing is people are voluntarily watching Disney movies. There's no monopoly. No one's forcing you to watch Star Wars or Marvel movies. Other studios need to produce better content.

@tzvi7989 Жыл бұрын

Tell that to illumina lmao

@grandpastone Жыл бұрын

The essential thing that everyone should be thinking about right now is investing in non-government sources of income. Especially in light of the current global economic crisis. It is still a wonderful moment to invest in gold, silver, digital money, and stocks.

@Green_naomie Жыл бұрын

My first experience with Mrs Margaret Cartier gave me assurance and confidence that has made me to invest without fear of losing, I really appreciate her efforts and transparency..

@Green_naomie Жыл бұрын

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@jeffbarnes4903 Жыл бұрын

I have broken through 45k, 72k and got my eyes on 120k! Champagne stays popping. She is too awesome. People prefer to spend money on liabilities, Rather than investing in assets and be very profitable.

@zackeryforeman Жыл бұрын

*I'm in Stockholm Sweden 🇸🇪, how can I get in touch with Mrs Mary Margaret Cartier?*

@lindaroberts650 Жыл бұрын

Thanks I will start trading with her, keep seeing her name pop up all over the place and I and my family are interested👍

@carlfairbanks3337 Жыл бұрын

as an adult, i always thought about disney as a giant holding company, but not a lawfirm, interesting approach

@quantyquant3884 Жыл бұрын

You could be the in most obscure island in the middle of the Pacific Ocean, but if you use a Disney likeness without permission then their lawyers will find you within a few hours

@Croz89 Жыл бұрын

Unless you're an ice cream van. That's a fight even Disney doesn't want to bother with.

@Crichjo32 11 ай бұрын

@@Croz89 Lol, don't F with the ice-cream man.

@AnimatedStoriesWorldwide Жыл бұрын

Disney is an investment "holdings" company, that sometimes makes movies*

@vojtechstrnad1 Жыл бұрын

Few companies can say that they got a law passed that prevents anyone from competing with them, twice.

@mariokarter13 Жыл бұрын

And no other company can say they got the government to give them permission to build their own nuclear plant. That's literally in the 1967 Reedy Creak Improvement Act. "The District shall have the power and authority to examine into, develop and utilize new concepts, designs and ideas, and to own, acquire, construct, reconstruct, equip, operate, maintain, extend and improve such experimental public facilities and services, including by way of example and not of limitation facilities for the generation of power by *nuclear fission"*

@vojtechstrnad1 Жыл бұрын

@@mariokarter13 There are many privately owned and operated nuclear power plants in the world. Still, an interesting fact.

@mariokarter13 Жыл бұрын

@@vojtechstrnad1 None of those promised to build an entire city though. That's the only reason they were granted those powers. Epcot was supposed to be an actual city.

@middleagebrotips3454 Жыл бұрын

Sounds like how American airline is a bank that flies planes sometimes

@hewhohasnoidentity4377 Жыл бұрын

The airline industry as a whole from the first flight to the present has been overall unprofitable. The majors are able to show short term profits with financial derivatives like air miles. They have to quickly cash those profits out because they know long term profitability is never going to be possible in aviation.

@cylemons8099 Жыл бұрын

@@hewhohasnoidentity4377 Why is it not profitable? What stops them from increasing ticket prices if they don't cover operating costs?

@middleagebrotips3454 Жыл бұрын

@@hewhohasnoidentity4377 yeah, Amazon never posted a profit for over a decade either... Like you actually fall for this?

@andyvirus2300 Жыл бұрын

@@middleagebrotips3454there is nothing to fall for. Amazon doesn’t make much profit, AWS is the golden goose. And flying plane is an hard business with barely any margin, economy class is usually sold at close to a loss, the small amount of profit is made on business and first class.

@exelmans8855 Жыл бұрын

@@middleagebrotips3454 no way in hell Amazon is profitable. It’s only there to destroy small companies.

@coachingmanagersandleaders Жыл бұрын

Can you imagine if Disney had a police force? You get pulled over and the cop has a Mickey Mouse badge and says, "can I see your driver's license and a smile?"

@Xeit Жыл бұрын

Oh. So you want to drive a CAR? Have you paid for IP of Cars to use one? No? Straight to Gulag.

@BewareTheLilyOfTheValley Жыл бұрын

Ew, why does that sound so creepy and sexual? 😂

@NeverSaid- Жыл бұрын

@@Xeitthat's literally vin numbers and the dmv

@Alpostpone Жыл бұрын

@@BewareTheLilyOfTheValley It's not sexual at all. It's merely that in Disney's world, _fun is mandatory._

@BewareTheLilyOfTheValley Жыл бұрын

@@Alpostpone Oh, I'm fully aware of that, lol. It still sounds like a flirt 😂

@TeensierPython Жыл бұрын

Disney is the worst thing to happen to IP and copyrights in the history of mankind.

@bunnywar 11 ай бұрын

No, millionaires stealing from the poor struggling to meet their basic needs is the worst thing to happen to copyright

@eiavops4576 11 ай бұрын

@@bunnywarThat has nothing to do with copyright

@bunnywar 11 ай бұрын

@@eiavops4576 it does or are you also too stupid to pick up a crayon?

@brabsjoobby Жыл бұрын

fun fact: you forgot one massive corporate subsidary, ESPN! They used to be DMED iirc, but are at least at the moment an entirely seperate entity under Disney.

@brabsjoobby Жыл бұрын

also that chart at around 12:00 is outdated; Iger consalidated all of the groups into DPEP, DEntertainment (successor to DMED), and left ESPN on it's own in March 2023

@bf7592 Жыл бұрын

Disney actually running a small government is frightening. Like at what point does your employer just own you if you live there? I can easily see companies doing it coal miner style towns to have more control over their employees lives.

@TheCarnivoreSoprano 7 ай бұрын

@cassandra9699tell me you haven't heard of company towns without saying it....

@typingcat Жыл бұрын

I'm surprised that he didn't include the Simpsons clip in which a Disney lawyer demanded that Homer (or some other character) sign that he should not violate Disney's copyrights.

@windtalker4191 11 ай бұрын

Ironically, Disney now owns the Simpsons.

@hewasfuzzywuzzy3583 9 ай бұрын

I remember that episode. It was principal Skinner. I think it's because of the school carnival or something like that.

@aliali-ce3yf Жыл бұрын

Exactly how Universities are hedge funds and minor league teams that provide some education on the side.

@robertbeisert3315 Жыл бұрын

That's not fair at all! You forgot racketeers with government loan sharks in their pockets.

@RandomMusik Жыл бұрын

that sounds like an Amerika only thing

@admiralkaede Жыл бұрын

the government subsidises hospitals what happened prices skyrocketed the government stepped in with student loans what happened it skyrocketed government stepping in to "help" makes it FAR worse

@istrumguitars Жыл бұрын

Disney isn’t creating anything genuinely “new” these days but to them that must be ok because they think they can just pressure Washington to let them keep the copyrights on the old stuff forever.

@splashnskillz37 5 ай бұрын

LMAO they lost original Mickey Mouse to public domain

@ShaharHarshuv Жыл бұрын

Copyrights laws are broken because of Disney. It's supposed to encourage innovation but it's done the opposite.

@evancombs5159 Жыл бұрын

You are thinking of patent law not copyright. Copyright is about making sure those who create something are able to make their fair share without being undermined by those who will just copy the work for their own profit without putting any work into creating it.

@ShaharHarshuv Жыл бұрын

@@evancombs5159 it's the same thing... you are putting effort to create something (tech or art) and you want to make sure you can profit from it. Why should the law be (that) different? Why should tech rights (patents) expire so much faster than art?

@evancombs5159 Жыл бұрын

@@ShaharHarshuv that is beyond the scope of your original comment or my response, I was just correcting a misconception you had about the purpose of copyright. Now, why patents are so much shorter has to do with societal benefit. We want to give the inventor a head start, but we don't want them to have a monopoly as that would be harmful to innovation and would hold back technical progress. The same is not true with copyright, there is little societal gain from Mickey Mouse entering the public domain.

@ShaharHarshuv Жыл бұрын

@@evancombs5159 I guess you have a point. What I meant was that the purpose of copyright is (like patents) is to encourage innovations (or "creation", if you will)

@admiralkaede Жыл бұрын

as a writer its honestly very sad so many works I can not use because disney

@CreativeMindsAudio Жыл бұрын

yeah i always thought disney was a toy and IP company. I wish they had more original content than the IP they own. The copyright laws they created are beyond awful for artists and consumers. they only benefit big companies. As a creative, I hope one day those laws are reversed.

@georgerafa5041 Жыл бұрын

That's still how they actually make their money they just contract it out and their lawyers enforce the contracts ruthlessly. I remember seeing a dying kid in a hospital wanted some Disney character stuff with him in his room or some shit and Disneys lawyers straight up sued the parents cuz it wasn't on brand for Disney IP to decorate a hospital room

@hydraulichydra8363 Жыл бұрын

Suing the family of Stan Lee for that is just utterly sickening. There is truly depth too low, no deed too dishonorable, and no depravity too vile for modern day corporate America to sink to.

@gabbar51ngh Жыл бұрын

Lmao. Stan Lee himself wasn't that honorable. He used his privileged position as an editor to put his name on numerous characters he wasn't really involved in creation much. Stan Lee wasn't some artist like Kirby or ditko. Have you seen his solo creations? None of them are notable or worth using.

@nipungupta6237 Жыл бұрын

@@gabbar51ngh Didn't he create Spiderman?

@crystalray4231 Жыл бұрын

No, this kind of vile things happens ALL OVER THE WORLD. The difference is in US it comes to light, there are youtube channels, some media etc. THAT SOMETIMES INFORMS THE PUBLIC. So people assume it only happens in US, because only in US there are documentaries about it. Do you know how depraved is Eastern Europe? You don't cause no one is allowed to talk about it. Same about most of Asia. LET THIS SINK IN!

@nipungupta6237 Жыл бұрын

@@crystalray4231 I can believe your point about Eastern Europe but if someone thinks it's not visible in Asia then they're just not aware of the world. It happens a lot in Asia and it's all out in the open although definitely not as much as the US because asian politicians are smart about hiding their corruption unlike their American counterparts

@lukemorgan6166 Жыл бұрын

Stan lee sold his soul for a paycheck He wasn't a hero for writing fictional characters with magic powers and spandex suits

@priyas9751 Жыл бұрын

Disney is more like an estate than a law firm

@JiveCinema Жыл бұрын

The Windsors

@dosmastrify Жыл бұрын

Depends

@davidroldan6007 Жыл бұрын

It would be good if you made a video on why companies move their headquarters. Is it really because of taxes and unfriendly business states, or has to do with other factors? And also a video on why they incroporate in Delaware or Wyoming.

@roythousand13 Жыл бұрын

*incorporated

@davidroldan6007 Жыл бұрын

@@roythousand13 Thanks.

@irok1 Жыл бұрын

Delaware and "Wyoming" are for tax reasons

@anonymous01792 Жыл бұрын

Delaware and Wyoming for tax reasons but the courts there are also much more pro business as a general rule

@izzymosley1970 Жыл бұрын

This video made it clear to me that if any one wants to change copyright law or intellectual property law in America it's likely Disney will be an obstacle.

@Entropy67 Жыл бұрын

Absolutely, them and every other huge company that makes their money in this way. As long as lobbying is legal the government will serve the rich, not the people.

@arhturcosta4066 Жыл бұрын

@@Entropy67and what you Americans are doing? Are you going to do something to solve the mess you people on your country made or you wanna isolate yourself making comments on this site like coward you are!

@BabyJesus66 Жыл бұрын

Ron De Sanctimonious will change the law.

@arhturcosta4066 Жыл бұрын

@@Entropy67 just what I feared... The USA that I know is dead. You are all nothing but shadow of your former selves... Goodbye!

@OmDahake Жыл бұрын

who would have thought that the company's founder who had the rights of his biggest cartoon striped away from him because of legal jargon would go on to form the largest copyright abuser company

@NoNameNoShame22 Жыл бұрын

typical villain story

@bobfg3130 Жыл бұрын

What cartoon?

@orlandotill4652 Жыл бұрын

@@bobfg3130Oswald the lucky rabbit

@OmDahake Жыл бұрын

@@bobfg3130 Oswald the lucky rabbit

@adamlong1196 Жыл бұрын

“We don't make movies to make money. We make money to make more movies.” ― Walt Disney

@Crichjo32 11 ай бұрын

"We make money to make propaganda - uh.... I mean movies!"

@danielhale1 Жыл бұрын

As much as I dislike Disney corporate, I feel like Florida's choice to remove their district to retaliate for taking a political stance was *incredibly* stupid. Not because Disney is powerful enough to fight back (alarmingly, they absolutely are), but because that sets an unsettling precedent that we'll all regret later. Whether you like or hate Disney, it's future companies that you should worry for. When the coffee shop you love gets shut down because its CEO is anti-abortion or pro-choice, or a news corporation or movie or book publisher suffers political retaliation for saying something somebody in their state didn't like, the politician who did it will be able to point to Florida and say "well they got away with it, so why shouldn't I?".

@cajunguy6502 Жыл бұрын

Yeah, it's like what the Nazis and the Soviets went at it in world war 2. You're kind of rooting for one, but regardless of who wins, the other allies would have been happy with the outcome. Let them kill each other. Disney needed to come down, but no one ever tried because doing so would be career suicide for a Florida politician. I'm so glad Ron DeSantis was stupid and petty enough to be that guy. No matter who comes out on top of their battle, the American people win either way.

@gabbar51ngh Жыл бұрын

Difference is politician is democratically elected and people can vote him out if they don't like their decision. Not the same with corporations or CEOs.

@StephenYuan Жыл бұрын

Well Florida is losing a lot of money because the special district is done. They just flushed a bunch of tax dollars down the toilet.

@stevekru6518 Жыл бұрын

Analogy works only to the extent the coffee shop started with special privileges which other shops did not have.

@admiralkaede Жыл бұрын

no no he didnt SHUT DOWN disney he just removed an unfair policy disney honestly should have never had in the first place so your slippery slope makes no sense because disney WAS NOT shut down the park was just no longer allowed to treat itself as a semi government that is not the same

@stevenneiman1554 Жыл бұрын

I wouldn't say that Disney is a company that isn't in the business of making media so much as it's a company that has really figured out that the most profitable way to make money with media is to focus more on gaming the system than making media. While their money comes more from licensing than ticket sales, calling them "A law firm that occasionally makes movies" is a bit like calling De Beers "A mercenary company that occasionally sells diamonds". In both cases, the first activity is how they maintain an advantage in their real business.

@tjbellah349 Жыл бұрын

Such a good video bro, now they’re in a bind because they’ve diluted the brand so much that they’ve even started to dilute the brands they acquired recently. Their model isn’t gonna work if they keep this up.

@jimmyyu2184 Жыл бұрын

LOL, totally agree, it's like saying McD's are more interested in property and franchisee fees than "food". It's no longer their core bidness.

@-www.chapters.video- 11 ай бұрын

00:00 Expansive operations and acquisitions in the entertainment industry. 00:46 The importance of executive compensation and the role of the chief legal officer. 01:35 The significance of mergers and acquisitions in Disney's growth strategy. 03:01 Disney's financial strategies, including narrow margins and Hollywood accounting. 04:10 Focus on acquiring and licensing content. 05:27 The importance of understanding the company's business model. 06:38 The impact of Disney's legal team in creating laws and regulations that benefit the company. 09:56 Reedy Creek had only 53 residents and one landowner the Walt Disney Corporation 10:19 Reedy Creek has 134 miles of roadways, power grids, trash collection and fire departments controlled by Disney 10:52 Reedy Creek was dissolved last month after legal battle with State Governor Ron DeSantis 11:11 Disney park will always have benefits of zoning public land and Building Services within its existing Parks 11:28 Disney legal team is trying to get Reedy Creek back by having the law repealed 12:07 Disney has an extensive library of intellectual property which it defends through copyright lawsuits

@mikestanmore2614 Жыл бұрын

I'd say they're not even an entertainment company. This year they've lost over a billion at the box office - even Indiana Jones will set records for losses. It's just as well they've kept their legal gig. I think their system might have run its' course - there's nothing left for Iger to buy.

@XAIRSIGIL Жыл бұрын

Disney is so SALTY over breaking laws and basically creating their own government and who gets to live where, that's also racism and discrimination...

@anthonyraymundobarron1255 Жыл бұрын

I mean the the whole reason thay donate money to governments to to not break laws.

@GT-tj1qg Жыл бұрын

4:30 "Disney can create a legal monopoly on their works for over a century" Yes, on *their* works. They don't have a monopoly on superheroes, just on Marvel. If you want to invent your own superheroes, they can't stop you.

@anthonyraymundobarron1255 Жыл бұрын

That is what he said

@GT-tj1qg Жыл бұрын

@@anthonyraymundobarron1255 and I added my response to it underneath, you halfwit

@admiralkaede Жыл бұрын

and honestly those come out better my hero academia and Invensible and the boys

@Crichjo32 11 ай бұрын

@@admiralkaede Exactly. Take inspiration from what you've enjoyed, and create your own stories. That is the way forward.

@superweirdo225 11 ай бұрын

This is like when I learned in college that Starbucks' core business isn’t coffee but instead is in banking

@patrickmeehan6856 Жыл бұрын

Disney hasn't paid a dividend since December of 2019

@stockstreamtwitch Жыл бұрын

And they aren’t bringing it back anytime soon. 😂

@RandomMusik Жыл бұрын

Like Apple, Amazon, Facebook and basically every other big Company.

@Croz89 Жыл бұрын

The M&A strategy doesn't seem sustainable to me. Disney is starting to run out of companies to acquire in some sectors already, and I can imagine the FTC is going to put its foot down at some point (the new chair seems especially keen on tightening up antitrust laws and isn't afraid to take on big corporations to enforce it, see Microsoft trying to buy Activision). Eventually they're going to have to consider a new strategy.

@d33pblu3 Жыл бұрын

Microsoft and Acti got blocked because Sony cried “Muh call of duty”. There’s absolutely no case to make with that merger since Nintendo was quietly taking up 30% of the console market.

@Croz89 Жыл бұрын

@@d33pblu3 It's only a recent shift in philosophy, previously antitrust law was focused around consumer prices, i.e. the main focus was "is this going to allow the company to jack up prices and fleece the consumer?". In a lot of cases the answer is basically no, because a small competitor could still undercut them and take more market share, or there's something else keeping prices stable. Now less tangible effects like employment, innovation and consumer choice are more likely to be considered, which make it more difficult for mergers and acquisitions to get approved in the future.

@d33pblu3 Жыл бұрын

@@Croz89 All they actually care about is money. If a competitor lobbies them they will block the merger. I personally don’t see the point of the government involving itself in something as trivial as entertainment.

@potatogamerfiber Жыл бұрын

@@d33pblu3it actually had nothing to do with cod or console gaming. They blocked it because they thought Microsoft would have too big of a share in mobile gaming Edit: my bad. Its cloud gaming, not mobile

@rayden54 Жыл бұрын

Stopping the Microsoft/Activision merger, but allowing the Disney/Fox merger is hilarious.

@crosslink1493 11 ай бұрын

After watching this video you could compare Disney to a sports company (NFL, MLB, NBA, etc) that tries to keep their most well-known players on the field no matter how old they're getting just as long as their NIL brings in revenue. Now I'm wondering how United Artists and Eon keep the James Bond franchise fresh. They change lead actors once in a while, which makes them tweak things around, but keep the basic "good vs evil" storyline pretty much intact. 60 years/25 movies and still going strong.

@jasonyang6630 11 ай бұрын

I'm not getting how Disney is a law firm. Having in-house attorneys handle things, does not make a company a law firm. Law firms earn their money through providing legal services to clients. Disney isn't doing that.

@cdhilton7124 11 ай бұрын

Exactly. This was a complete nonsense video.

@jameskevin6017 8 ай бұрын

One of the most eye opening business videos I've ever watched in my life....

@beskamir5977 Жыл бұрын

This explains why they're completely fine with sinking the entire Star Wars franchise.

@xSkyWeix Жыл бұрын

It alwyas confused me why Disney disrespect their IP so much. I understand that real money comes from merch and licensing . But if movies that facilitate the hype are bad then the demand for merch should fall also, right? So when movies consecutivly fail the company should start to lose more and more revenue. Yet that doesn't seem to be the case.

@StephenYuan Жыл бұрын

Making movies is complicated and difficult. Making good movies requires a bit of magic and luck. I'm sure they would make nothing but bangers if they knew how, but they just don't.

@xSkyWeix Жыл бұрын

@@StephenYuan They are some standards and techniques developed over millennia. Also Hollywood employes the highest paid proffesionals. And they make movies so butched that a complete amateur can make a whole YT channel dissecting what is wrong with them. It is wholly intentional. Making good movies isn't apereantly on the list of priorities.

@admiralkaede Жыл бұрын

because these companies keep hireing people that don't respect the IP also the leadership are all elites they would rather hire another elite that sucks at the job then a normal person that is competent

@n3xus_t3xn0 Жыл бұрын

w channel , w guy that makes them , w video

@HowMoneyWorks Жыл бұрын

W commenter

@admiralkaede Жыл бұрын

@@HowMoneyWorks u have scam bots in your comment section thio joe made a application that will wipe them out its free and whatnot and quite easy to use he has a video showing it KZfaqrs should use it because youtube has 0 plans to actually solve the bot problem so ig a youtube actually finally stepped up and said FINE ILL DO IT MYSELF anyhow I recommend it

@nilsbottjer7129 Жыл бұрын

Sounds like how Porsche is actually an investment company that sometimes makes cars

@skateata1 Жыл бұрын

Disney also pays college tuition for its employees. The program is called GUILD.

@cajunguy6502 Жыл бұрын

At this point, tuition reimbursement for a company that size is as expected as health insurance. If I worked for a company with over 200 employees who didn't have a college plan of some kind, I'd feel cheated.

@Redsoxking Жыл бұрын

still has not paid a dividend in 3.5 years please correct this

@pedrob3953 Жыл бұрын

As are all corporations: law firms which make consumer products people buy.

@Mrbrett1982 11 ай бұрын

I love your channel! Thanks for these types of videos.

@PanteraRossa Жыл бұрын

You should do one on the dying theatrical movie exhibition business and why all those theaters are only making money from the real estate and not showing movies, if they're making money at all.

@me-myself-i787 Жыл бұрын

I heard they made money from the concessions.

@masterstealth11 Жыл бұрын

I think I’ve realized that you do your “it’s time to learn how money works” thing around 30-40% (sometimes even half way) through the video as a way to keep viewer retention. Respect.

@lukemorgan6166 Жыл бұрын

Fanboy much ?

@gabrielduarte7493 Жыл бұрын

It is sad how the US goverment and laws have a price tag.

@Powerman293 Жыл бұрын

What's really bizarre is that Disney's own arguments to keep its super special district is that the lawyers have zero idea how any of this stuff is supposed to work. People who specializd in Florida Special District Law say that Disney's arguments are extremely weak and they've clearly been outsourced by law firms outside Florida. Which is very odd that Disney doesn't have someone who understands how all this stuff works on staff. Almost like they expected to get away with it and didn't feel the need.

@nickw3867 Жыл бұрын

Disney wasn't given the special administrative rights because they were going to build a theme park, it was because Walt was going to build a city that people would actually live and work in. The special administrative zone was only to streamline the bureaucratic processes involved in building it, since WDC was the sole developer..

@stevekru6518 Жыл бұрын

That doesn’t make special privileges any better. Give me zoning, other exemptions and inexpensive land in the sunbelt and I’ll build a city. You would too

@nickw3867 Жыл бұрын

@@stevekru6518 They didn’t even build the city. The old man died and they decided to build a theme park instead. They spent 50 years using their lawyers to protect their governing authority over it so WDC could borrow money at municipal rates and set their own taxes.

@juisic90tv 11 ай бұрын

This is probably you best video so far IMO!!!

@yumnax Жыл бұрын

I liked the video but I wish it were slower and longer. Tbh often I think that the videos are too fast. I rember watching your video on succession but I could barely keep up with your points because of the speed. Also sometimes more than one example could help to understand the point explained better. For example I didn’t understand your point on the depreciation of their IP making them money that well.

@concernedcitizens4110 Жыл бұрын

I can see Disney buying more IPs in the long run but surely it's not sustainable. Disney is becoming too bloated with too many subsidiaries and IPs under their management, it wouldn't be too far in the future that we'll have Marvel, DC, Hasbro and others multiverses crossover. This will not be a good trend for movies as the box office is already oversaturated with these genres. This is why Top Gun Maverick is still the highest grossing movie in post covid era.

@jessebigfoot Жыл бұрын

This video is good, but it's let down by its ending. The Reedy Creek Improvement District (RCID) hasn't been dissolved. Florida tried to do that before reversing course once they realized how much debt would be inherited by the surrounding counties. Florida then passed a law removing all of the Disney-appointed members of the Board of Supervisors that run RCID, renaming RCID to the Central Florida Tourism Oversight District, and replaced the members of the Board with those appointed by Governor Desantis. The video failing to mention what came next is really a significant miss given it directly relates to how Disney and its in-house lawyers are so important to the company. Right before that law took effect replacing the members of the Board, RCID's Board with its Disney-appointed members held a publicly-noticed meeting that went unseen by Governor Desantis and his allies in the state legislature in which the Board approved a series of agreements with Disney effectively turning over most of the powers of RCID and its Board to Disney itself. Disney's lawyers carefully crafted these agreements to make them extremely difficult to do away with and so comprehensive that they virtually avoid the need for Disney to control RCID directly.

@matthewnelson5293 Жыл бұрын

Kinda hilarious that the ad immediately following the video was for Disney Plus

@themalcontent100 Жыл бұрын

Executive bonuses should be a crime. You pay your workers first.

@WilliamHaisch 11 ай бұрын

Back in 2009 I looked over the I-990 for the Red Cross. The chief lawyer was paid more than the CEO. Very enlightening.

@ibrahimseth8646 Жыл бұрын

Disney: I hear that.

@ryanbarker5217 Жыл бұрын

it's that FL lawsuit di$ney wants gone, that could open their books up through the discovery process is my understanding. they're good with the federal suit, just not the state suit. i think the execs in the C suite in CA thought they would scare desantis, but you see how well that worked out.

@shrimpofdeath5199 Жыл бұрын

That seems like something out of John Grisham novel.

@deannal.newton9772 Жыл бұрын

First I found out that McDonald's is actually a real estate firm and now this? Also I didn't know that patent depreciation was a thing in my accounting class and I had to take Advanced Accounting, which is specifically about Mergers & Acquisitions. So I know more about accounting when it comes to Mergers & Acquisitions than whatever that Hollywood Accounting did with depreciating patents.

@kierracastleyt Жыл бұрын

Wait until you find out that the entire airline industry is a bank that sometimes flies planes 😩

@drinkingpoolwater Жыл бұрын

Just like how coca colas core businesss is water. they buy up local water sources and artisan springs all over the world

@atsanonwadsanthat166 8 ай бұрын

Salesforce is a holding company that sometimes provide a database with a UI.

@brianolsen396 Жыл бұрын

Point in contention: if a IP does ~eventually~ lose its copyright protections it is “devaluing”. I get your point of it’s 100 years so writing off depreciation is scammy. But it’s kind of the same as buying a piece of equipment that will last 100 years the depreciation rate is just very drawn out. *in theory* I’m no tax accountant/lawyer

@Evangelionism Жыл бұрын

*OMG I LOVE THIS VIDEO!!!* ❤️ _+1 sub!_

@harryhunta 11 ай бұрын

Mickey doesn't mess around 😁

@pif5023 Жыл бұрын

I think we as a society are not having a conversation about what corporations should be. To me it seems they want to replace governments to a certain extent in definite areas of life.

@ishankapoor Жыл бұрын

7:33 Bringing Bob Iger back did change up a lot of things for disney, their profits are increasing. from 5 billion in a year to 6 billion and now 2.1 billion in a quarter of 2023.

@shaolinotter Жыл бұрын

same can be said for nintendo. they make games once in awhile but theyre main income is controlling the law

@sp123 Жыл бұрын

Pokemon is great tho

@shaolinotter Жыл бұрын

@@sp123 while I know the quality of pokémon is a touchy subject lately, clearly they are not investing their money into improving pokémon

@admiralkaede Жыл бұрын

meh nintendo while big isnt near the top of the gaming market

@shaolinotter Жыл бұрын

@@admiralkaede they just made it illegal to emulate copies of games that you steady own. that’s…. completely legal

@admiralkaede Жыл бұрын

@@shaolinotter yea they are a pain

@FaultyTwo 11 ай бұрын

All 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.

@saiyaddanapudi9216 Жыл бұрын

Matpat must be happy with this video

@jordantaylor4390 Жыл бұрын

He’s gonna run into that problem from A Series of Unfortunate events, what with writing John Hancock on the document instead of his own name!

@ziggamalay 8 ай бұрын

Can we get a part 2 on disney with more specifics!?

@MrMasterCGO Жыл бұрын

Doesnt really endear me to disney, but good to know

@MrEffectfilms Ай бұрын

"When you think of copyright lawsuit you probably think of Disney" No I think of Nintendo.

@armorbearer9702 11 ай бұрын

The Hollywood way of depreciating assets and designs makes sense for a large company like Disney(7:37). They could overinflate a character's worth and then depreciate his value over time.

@dbsk06 10 ай бұрын

4:02 1998 copyright protections lobbying … 120 years 7:50 accounting = write down assets (patents /ip)

@dianet3994 11 ай бұрын

excellent and interesting video ❤

@davidwoods1622 Жыл бұрын

It'll be interesting to see how their valuation will change, given the value destruction of their IP. I'm looking at you phase 4, and everything Lucas films.

@admiralkaede Жыл бұрын

sadly probably not much as investors and such don't often actually look into stuff properly

@hail2jigglypuff168 4 ай бұрын

@@admiralkaede Then whoever is investing in them is getting screwed. Investors need to do their research to know their real value beforehand or they lose. Then again once Disney sells their IP's the companies can do a full sweep, fire all incompetent people and hire new talent, so it's not like the value of their IP's now will stay the way they are.

@DavyKapiji Жыл бұрын

Disney use it's movies as ads 🤔

@garrettrinquest1605 Жыл бұрын

Actually, when I think of copyright lawsuits Nintendo is the one that comes to mind. Maybe that's just me though

@greyskullcastle9975 Жыл бұрын

The old saying was, how long copyright law last depends on how old Mickey Mouse is. But seeing this makes me now laugh at all those geek culture youtube channels saying Disney is going broke

@davidwittgruber7113 6 ай бұрын

So disney runs on buying and corrupting other intellectuel property, own them as long as possible and avoid taxes. Real heros

@alaakela Жыл бұрын

This makes sense.

@spacerookie2391 8 ай бұрын

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

@justinwhite2725 Жыл бұрын

This is up there with McDonald's being primarily a real estate agency.

@RealityCheck6969 Жыл бұрын

Disney stopped producing entertainment a few years ago.

@harp_recon Жыл бұрын

True true

@boblawblaw6185 Жыл бұрын

I'm not a fan of Kathleen Kennedy, and her decision and abilities as a producer and corporate director are bad. her eye for content is terrible. But the mountains of lawyers on the disney payroll and prioritizing lobbying, probably is not helping the creative products of disney be entertaining and could be why a lot of them have been flopping. How worth it is it to protect something for 100 years people hate or no body care about after the first year its out ?

@geronimoqa 11 ай бұрын

Disney has the most paid lawyer Lost against a small company in Paraguay with Mickey’s face and name in it’s logo

@JJ-rp2df 11 ай бұрын

Customers and shareholders hate Disney's failing strategy of IP acquisition and licensing over good movies and parks.

@thegreatpacoasters3134 11 ай бұрын

Iger has a stellar reputation of being the most incompetent ceo

@Flava2Sava1 Жыл бұрын

Perfonmance????

@HowMoneyWorks Жыл бұрын

Ah shit... I didn't catch that

@chadjones1266 10 ай бұрын

Thanks again

@joshuaerkman1444 11 ай бұрын

The entire Disney corporate structure violates fair competition.

@Axel... Жыл бұрын

These business practices sound quite American. On another note, I really don't like that investing in successful companies just means that you have to invest in companies that do business in a way that you (or at least I) fundamentally don't agree with.