DIS­NEY SAYS ‘NO MERIT’ TO MALAYSIA RE­SORT COM­PANY LAW­SUIT

Techlife News - - Front Page -

Re­sort de­vel­oper Gent­ing Malaysia’s law­suit seek­ing $1 bil­lion in dam­ages from Walt Dis­ney Co. and Fox En­ter­tain­ment Group for al­leged breach of con­tract re­lated to a theme park, is “with­out merit,” Dis­ney said Tues­day.

The law­suit filed this week in the Cen­tral Cal­i­for­nia Dis­trict Court cites dam­ages from Fox’s with­drawal from an agree­ment set in 2013 to li­cense its in­tel­lec­tual prop­erty for a Fox World theme park in Re­sort World Gent­ing, a sprawl­ing fa­cil­ity perched on a moun­tain in Malaysia.

The theme park would have been Fox’s first. Ac­cord­ing to Gent­ing’s com­plaint, Fox is­sued a “no­tice of de­fault” aimed at end­ing the agree­ment.

Dis­ney’s ac­qui­si­tion of 21st Cen­tury Fox ap­par­ently raised is­sues be­cause Gent­ing’s re­sort in­cludes a casino, which con­flicts with Dis­ney’s stance against gam­bling.

“The claims made against Dis­ney in this mat­ter are ut­terly with­out merit,” Dis­ney said in an emailed state­ment.

De­spite dis­agree­ments over the spe­cific terms of the deal, Gent­ing said Fox had no grounds to pull out. The com­plaint also al­leges that Dis­ney and 21st Cen­tury Fox in­ter­fered with the con­tract and caused Twen­ti­eth Cen­tury Fox Li­cens­ing and Mer­chan­dis­ing, part of Fox En­ter­tain­ment, to breach it.

Gent­ing says it has in­vested nearly $180 mil­lion in the Fox project. Its most re­cent quar­terly re­port said the group was fo­cused on de­vel­op­ing its re­sort and on pre­par­ing to roll out the “highly an­tic­i­pated 20th Cen­tury Fox World Theme Park” as well as an­other at­trac­tion, the Skytropo­lis in­door theme park.

The open­ing of the Fox themed park had been planned for the first half of 2019.

Newspapers in English

Newspapers from USA

© PressReader. All rights reserved.