Fox, Disney Get Sued for Backing Out of Theme Park Deal
- Genting says Disney is avoiding association with gambling
- Fox World was to be key attraction out Kuala Lumpur resort
Photographer: Goh Seng Chong/Bloomberg
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Walt Disney Co. and 21st Century Fox Inc. were sued by the owner of Malaysia’s only casino resort for pulling out of an agreement to sponsor a Fox World theme park outside Kuala Lumpur.
Genting Malaysia Bhd. seeks more than $1 billion in damages, claiming Disney doesn’t want to be associated with its gambling business as the Hollywood giant moves to finalize its acquisition of 21st Century Fox’s entertainment assets. Genting Malaysia’s shares plunged to the lowest level in eight years on the news.