Research the merger and acquisition of Disney and Pixar and identify the potential risks that the companies may face in their various markets, such as cultural differences, legal and regulatory issues, intellectual property disputes, and financial risks.

Using your research, (create a) risk mitigation plan for Disney and Pixar. Your plan should include the following elements:

1. Identification of the key risks facing Disney and Pixar in their various markets
2. Analysis of the potential impact of these risks on Disney and Pixar's operations and financial performance
3. Identification of the risk management strategies that Disney and Pixar currently use and their effectiveness
4. Proposed new risk management strategies to mitigate the identified risks e. Evaluation of the costs and benefits of each proposed strategy
5. Recommendation of the most effective risk management strategies for Disney and Pixar

supported by at least four academic sources and no use of AI.