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Home News Current Affairs

Genting Malaysia Reaches Settlement With Fox & Disney For Outdoor Theme Park

by Justin
July 26, 2019
Genting Malaysia
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Now that Genting Malaysia Bhd has reportedly settled its dispute with Fox, Twenty First Century Fox (21CF) and The Walt Disney Company, the outdoor theme park at Resorts World Genting is finally back on track!

The project has been postponed for the past few years and things took a turn for the worst when Disney refused to be associated with Genting’s gambling business after its acquisition on 21st Century Fox.

Source: Genting Malaysia

Yesterday (Friday, 26th July), Genting Malaysia, Fox and Disney signed a restated memorandum of agreement. As a result, Genting now officially has license to use certain Fox intellectual properties.

“Genting Malaysia is 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,” the company said.

Source: The Edge

Could this mean that Genting’s upcoming outdoor theme park will also feature a number of attractions from Marvel (since it’s owned by Disney after all)?

The Edge reported that 3 parties (including Marvel and US-based theme park brand Six Flags) had previously approached Genting Malaysia on potentially replacing 21st Century Fox when the dispute was made public.

Some even suggested that Universal Studios or Nintendo Land would be good options to pull in a large number of crowds. After all, Resorts World Genting had already launched its first Pokémon Festival there.

Regardless, at least the lawsuits have been settled and things can finally move forward. According to The Star, Genting has invested more than US$750mil (RM3.1bil) in the theme park.

READ MORE:  RIIZE Concert, KLP48 Concert & More: What To Do In The Klang Valley This Weekend!

Can’t wait for 2020!

Sources: The Star, The Edge.

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