I interviewed with them and no, they do not pay all that well, and their recruiter was pretty upfront about disclosing that early in the process.
Additionally, I've hired a candidate that had an offer in hand from Disney+ and we were easily able to outbid them, (I was at a non-FAANG company at the time)
Disney is notorious for paying below-market rates. There's a massive supply of naive vict--err, candidates-- sufficiently enamored with the idea of working at a well-loved cultural touchstone that they'll jump at the opportunity for almost any salary.
It usually doesn't take too long for employees to be disabused of their childhood hopes and dreams, but it's often a very painful process, and there are always some diehards who never seem to be able to let go. I lived less than a mile from the Magic Kingdom for about four years and saw this process play out many times.
Most people burn out and learn that maybe working on a boring business backend isn't that bad after all, but there's always a huge line of wide-eyed candidates eager to backfill. Companies that fit this profile never learn to treat employees well because, frankly, they don't have to. The same thing happens in games.
Additionally, I've hired a candidate that had an offer in hand from Disney+ and we were easily able to outbid them, (I was at a non-FAANG company at the time)