MalaysiaAgreement with Fox and Disney puts an end to dispute.

Genting Malaysia theme park back on track

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Genting Malaysia theme park may include Marvel characters.
Genting Malaysia theme park may include Marvel characters. Photo Credit: artisticco/GettyImages

In a filing with Bursa Malaysia, Genting Malaysia said it was currently updating its development and construction plans to complete the outdoor theme park “utilising both Fox and non-Fox intellectual properties”.

Genting Malaysia Bhd’s outdoor theme park is back on track after the company patched up its differences with a group of entertainment providers, including 21st Century Fox and Walt Disney Co.

In a filing with Bursa Malaysia, Genting Malaysia said it was currently updating its development and construction plans to complete the outdoor theme park “utilising both Fox and non-Fox intellectual properties”.

“The outdoor theme park shall also be renamed,” said the group in the filing.

There is now speculation that the Genting theme park will feature some of the popular characters from 21st Century Fox, and possibly a number of Marvel’s — another Disney-owned brand, according to The Edge Financial Daily.

As part of the settlement announced by Genting, all parties in the dispute have agreed to fully resolve their disputes and dismiss all claims between one another. 

Genting Malaysia had sought more than US$1 billion in damages in its suit against Fox as the latter had terminated its participation in the theme park because Disney did not want to be associated with the gaming business. 

Genting will now push ahead in a bid to launch the park in 2020.

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