Company Structure and Operations

• 🏢 The company is broken down into two corporate verticals: Parks, Experiences and Products, and Media and Entertainment.
• 🎬 The Media and Entertainment arm handles content creation through its seven studios, including Disney Pictures, Pixar, and Marvel.
• 📈 Disney operates on narrow margins, with a pre-tax profit of $5.3 billion in 2022, and its revenue from theatrical releases contributes to less than 5% of the company's top line.
• 📊 The company uses Hollywood accounting to reduce its taxable profit, which allows it to depreciate patents and designs as operating expenses.