Yes they do and they catch a ton of shit for doing it. I got tore into one day because I dared to leave at the early hour of 11:00pm having got to the office at 8am that morning.
Look, it's obvious that you haven't been on one of these death marches and so you don't really understand what type of a toll that it puts on a team. My example of hourly rate was to point out that it's an awful trade on one side for putting your family through 6 months of hell.
If money was really the important factor here then people wouldn't be working for entertainment companies because compensation is worse across the board(from engineers to animators/artists and designers). I work with a ton of ex-gamedev people who've made the transition out and there's literally no comparison.
Your $46/hr rate for instance doesn't even crack based Google SWE pay, not including their bonuses.
I get that there's a prestige and a sense of accomplishment of working at Disney/your dream studio. That still doesn't excuse them from grinding people into the ground with these insane hours.