Genting Malaysia hits Disney, Fox with billion dollar breach of contract lawsuit
Walt Disney and Twenty-First Century Fox are facing a billion-dollar lawsuit after they allegedly tried to engineer their way out of a major theme park deal in Asia.
Genting Malaysia filed a lawsuit in the US accusing Disney of forcing Fox to breach its 2013 contract for a first ever Fox-branded theme park at Resorts World Genting in Malaysia.
The filing says Fox had tried to delay the project as it did not get a share of ticket sales, and Disney has been trying to get the agreement nullified as associating with a gaming company is not compatible with its ‘family-friendly’ brand image.
Genting claimed Fox issued a default notice in a manner ‘entirely consistent with Disney wanting to kill the deal.’
"Given that FEG had no right to terminate the Agreement, Fox and Disney are liable for what will exceed a billion dollars in damages attributable to the bad-faith behavior of both Fox and Disney," the suit said.
Genting claims it had already made a ‘$750 million-plus investment’ in the project and is seeking punitive damages.
Resorts World Genting is a huge theme park and gaming complex featuring multiple hotels, shopping malls and the country’s only legal casino resort.
Genting is hoping the timing of the lawsuit will be to its advantage.
The planned multi-billion dollar Disney-Fox merger is expected to close in the New Year.
TravelMole Editorial Team
Editor for TravelMole North America and Asia pacific regions. Ray is a highly experienced (15+ years) skilled journalist and editor predominantly in travel, hospitality and lifestyle working with a huge number of major market-leading brands. He has also cover in-depth news, interviews and features in general business, finance, tech and geopolitical issues for a select few major news outlets and publishers.
Vegas’s Billion-Dollar Secrets – What They Don’t Want Tourists to Know
Visit Florida’s New CEO Bryan Griffin Shares His Vision for State Tourism with Graham
Chicago’s Tourism Renaissance: Graham Interviews Kristin Reynolds of Choose Chicago
Graham Talks with Cassandra McCauley of MMGY NextFactor About the Latest Industry Research
Destination International’s Andreas Weissenborn: Research, Advocacy, and Destination Impact
Graham and Don Welsh Discuss the Success of Destinations International’s Annual Conference
Graham and CEO Andre Kiwitz on Ventura Travel’s UK Move and Recruitment for the Role
Brett Laiken and Graham Discuss Florida’s Tourism Momentum and Global Appeal
Graham and Elliot Ferguson on Positioning DC as a Cultural and Inclusive Global Destination
Graham Talks to Fraser Last About His England-to-Ireland Trek for Mental Health Awareness
Kathy Nelson Tells Graham About the Honour of Hosting the World Cup and Kansas City’s Future
Graham McKenzie on Sir Richie Richardson’s Dual Passion for Golf and His Homeland, Antigua
ADS PRO 
Qatar Airways offers flexible payment options for European travellers
Airlines suspend Madagascar services following unrest and army revolt
Digital Travel Reporter of the Mirror totally seduced by HotelPlanner AI Travel Agent
Strike action set to cause travel chaos at Brussels airports
All eyes on Qatar as Qatar Airways leads a season of global events