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Disney, Fox sued in US for $1.4 billion by Genting over Malaysia theme park
Property Property Headlines News
Walt Disney Co and Twenty-First Century Fox Inc were sued for more than US$1 billion (S$1.374 billion) on Monday by casino operator Genting Malaysia Bhd, which accused them of abandoning a contract related to its planned construction of the first Fox-branded theme park. Genting said 'seller's remorse' induced Fox, with Disney's help, to breach its 2013 contract with Fox Entertainment Group to licence intellectual property for Fox World, a proposed addition to its Resorts World Genting complex, an hour's drive from Kuala Lumpur.