Disney sued for derailing Fox World theme park at Genting

(Nov 27): Walt Disney and 21st Century Fox were sued by the owner of Malaysia’s only casino resort for pulling out of an agreement to sponsor a Fox World theme park outside Kuala Lumpur.

Genting Malaysia seeks more than US$1 billion ($1.37 billion) in damages, claiming Disney doesn’t want to be associated with its gambling business as the Hollywood giant moves to finalise its acquisition of 21st Century Fox’s entertainment assets. Genting Malaysia’s shares plunged to the lowest in eight years.

“Unlike Fox, which was perfectly happy to have the park situated a stone’s throw from the casinos of Resorts World Genting so long as it could continue to extract financial concessions,” Disney wanted no ties to a gambling company because of its “family-friendly” brand strategy, Genting said in a complaint filed Monday in federal court in Los Angeles.

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