It is. They just took the Monster Inc philosophy because of certain people in charge.

It boils down to people going "we need energy to sustain us!

And someone said "Look how much laughter energy gives us!"

And then someone ELSE went "Eh...its cute but we're gonna go with fear energy instead because we like the thought of people being afraid despite laughter being greener and more productive it takes more effort than putting out something that sounds scary "

And here we are.