Disney, Fox Sued for $1 Billion

Nov 27, 2018  •  Post A Comment

Walt Disney Co. and Fox Entertainment Group were hit with a lawsuit seeking at least $1 billion in damages. The AP reports that resort developer Genting Malaysia sued the companies for alleged breach of contract related to a theme park.

“The lawsuit filed Monday 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 AP reports. “The theme park would have been Fox’s first.”

Genting’s complaint says Fox issued a “notice of default” aimed at ending the agreement. The Fox-themed park had been planned to open in the first half of 2019.

“Despite disagreements over the specific terms of the deal, Genting said in a statement that Fox had no grounds to pull out,” the story reports. “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.”

The AP adds: “Disney’s acquisition of 21st Century Fox raised issues because Genting’s resort includes a casino, which conflicts with Disney’s stance against gambling.”

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