Disney's True Business

Legal Team and Lobbying

• 🚀 Disney's legal team is one of the most effective in Washington, with the company spending $46 million on lobbying between 2010 and 2021.
• 📜 The company has successfully expanded copyright protections twice, in 1976 and 1998, which has increased the value of its intellectual property portfolio.
• 💼 Disney's top lawyer, Horatio Gutierrez, is on track to be one of the highest-paid lawyers in the US, with a potential salary of over $21 million.

Intellectual Property and Acquisitions

• 🤝 Disney has acquired several companies, including Lucasfilm, Marvel, and 21st Century Fox, to expand its intellectual property portfolio.
• 📈 The company's acquisitions have allowed it to create a legal monopoly on its works, with copyright protections lasting up to 120 years.
• 📊 Disney's revenue from licensing its intellectual property, such as toys and theme park tickets, is a significant contributor to its top line.