Disney, Fox sued over theme park in Malaysia
Published: 01:59 PM, 27 November 2018 Updated: 01:59 PM, 27 November 2018
The Walt Disney Co. and 21st Century Fox were hit with a billion-dollar lawsuit in Los Angeles on Monday by a Malaysian casino operator alleging the studios had walked away from a project to build a theme park near the Malaysian capital Kuala Lumpur.
The complaint, filed in US federal court, alleges that Disney and Fox had failed to honor a 2013 deal with Genting Malaysia Berhad that calls for the licensing of intellectual property, including from Fox animated films like “Ice Age” and “Planet of the Apes,” for the theme park.
The suit alleges that Fox was seeking to terminate the contract and that Disney executives were also keen on distancing themselves from the project because the park would be adjacent to a casino and would harm the company’s “family-friendly” image.
Disney and Fox representatives did not immediately respond to questions for comment.
“The plan was for Fox World to be the new centerpiece of Resorts World Genting, GENM’s integrated resort complex in Genting Highlands, an idyllic mountain retreat 6,000 feet (1,830 meters) above sea level and an hour’s drive outside of Kuala Lumpur that already attracts over 23 million visitors a year,” according to the lawsuit.
The suit alleges that Fox had used repeated delays in the project as a reason to cancel the deal and had recently issued a notice of default, requiring the developer to open the park within 30 days, an impossible deadline.
“This is a case about seller’s remorse, first by Fox, and then by Disney, after the latter began the process of acquiring Fox in a deal now expected to close in the first half of 2019,” the suit claims.
It adds that Genting Malaysia Berhard was entitled to rescue the more than $750 million it had already invested in the park, along with consequential and punitive damages in excess of $1 billion.
The park had been slated to open in 2016 but because of the delays, the developer hoped to open it in 2019. It was set to feature rides and other attractions based on such blockbusters as “Ice Age,” “Life of Pi,” “Alien” and “Night at the Museum.”
Built on more than 25 acres (10 hectares), the park was to feature more than 25 rides and attractions.
It was due to replace an older outdoor theme park, which is part of Resorts World Genting located at the peak of an area known as Genting Highlands.
- Security to be beefed up for Eid-ul Fitr: HM
- World Metrology Day tomorrow
- Setaria farming to increase fertility
- Cabinet reshuffle: Murad shifted in Info Ministry
- How to pass 65 days?
- Bangladesh`s World Cup mission starts
- Second semifinal to be held at Edgbaston
- May plans ‘bold offer’ to get support deal
- 152,000 passed in NTRCA preli
- Life-Changing Lessons from the Quran (Part-1)
- Trump breaks silence amid Alabama abortion ban
- Saudi Arabia calls urgent meetings over Gulf tensions
- Telenor health observes World Hypertension Day 2019
- Bangladesh fretful over Gulf’s oil establishments attack
- Indictment hearing in Niko graft case deferred again
- Khaleda to be shifted at country’s first Women’s Prison
- Modi quits meditation finally
- Republican calls for Trump impeachment
- 5 Rohingyas held with Bangladeshi PP in Dhaka airport
- Eid holidaymakers’ sufferings to be reduced
- Procurement of Boro rice begins in Rajshahi
- One dies of Agargaon TV blast victims
- Rain likely till tomorrow morning
- InshaAllah I will play 2nd innings now: Quader
- Woman, son killed by lightning strike
- Actress Maya Ghosh dies
- Al leader’s brother shot dead
- PM hosts iftar for alem, war-wounded FFs today
- Mashrafe returns home
- Quader at his secretariat office
- All News »
- Bangladesh easily chased down Ireland`s 292
- Magnitude 7.5 quake hits off Papua New Guinea
- Justice Salma Masud accused of changing court verdict
- Rajshahi mango to be available from May 15
- People on Mars by 2033 or 2060
- HC asks to remove 52 adulterated products by 10 days
- Narayanganj’s Araihazar OC withdrawn
- Bringing flavor back to tomatoes
- EVMs to be used in 6 UZs in last phases of polls
- May agrees timetable to choose new UK PM
- Six killed as bus hits tree in Bagerhat
- Six more Bangladeshi missing
- Protik’s World Cup song ‘Banglar Damal Chelera’
- No sabotage threat over ‘Buddha Purnima’ fest
- Poverty rate comes down
- BCL announced full-fledged committee
- Obaidul Quader to return home May 15
- Bangabandhu Satellites’ 1st launching anniv today
- PM likely to visit 3 countries
- Decomposed bodies of woman, son, daughter found
- Eid advance bus ticket sale begins
- Quader to join his office today
- Mahbubul A Khalid’s songs on Mother’s Day
- Two Rohingya human traffickers killed in gunfight
- Quader returns home this evening
- Thor actor Isaac Kappy commits suicide
- World Telecommunication and Information Society Day today
- 3000 tubewells need to free from arsenic
- ‘Steps taken to rehabilitate prisoners’
- Advanced train ticket sale begins May 22