Spirited Away, a 125 minute animation released in 2001 by Walt Disney, is one of my favorite movies form my childhood. As the world’s second largest broadcasting and cable company, Walt Disney Company, which is also commonly known as Disney, is an American diversified multinational mass media corporation. Nonetheless, producing mass media products is indeed expensive and risky, therefore, all media producers should work hard to assume the costs/risks as well as minimize the chances for failure. One of the ways that Disney does so is to adopt strategy of risk reduction. Firstly, the company diversifies through conglomeration. Individual companies join together and become a part o...