WordPress - Setting up Categories, Tags & Attributes Properly (Advise Needed)

Hey all, hope this is the correct place in the form to post this kind of question.

Just seeking some confirmation on using Catagories, Tags & Attributes correctly when setting up Woo Store.

In my example I will be selling Movies and Music. Within each of these will be genre and also format type (DVD, bluray, 4K.. ect)

From my current understanding The structure should look something like this..

Parent Categories
- Music
- Movies

Sub Categories of parents (Genre)
- Action
- Adventure
- Crime
- Ect…

Tags
- Actors
- Region
- Langage
- Ect..

Attributes
- DVD
- 4k
- Ect…

Does this sound correct?

The aim is to have one page with each respective parent category and the ability to refine the selection based on Genre and media format with Tags being searchable content.

Thanks in advance for your help guys.