Fox, Disney Hit For $1B Over Dashed Malaysian Theme Park
Law360 (November 26, 2018, 10:33 PM EST) -- Resort development giant Genting Malaysia Berhad wants more than $1 billion from Fox Entertainment LLC and the Walt Disney Co., according to a suit filed Monday in California federal court that accuses the two entertainment companies of abandoning a contract to construct Fox World, a Disneyland-style theme park, in Malaysia.
Genting said in its complaint that “seller's remorse” made Fox and Disney, which will acquire Fox next year, back out of the contract to build a park in Malaysia’s Genting Highlands when the companies found out the planned construction would be near a casino, a situation Disney has historically opposed, claiming it would...
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