Genting Malaysia Reaches Settlement with Walt Disney Co.

Following the cancellation of the then-slated Fox theme park at Genting Highlands back in late 2018, Genting Malaysia Berhad then proceeded to sue Walt Disney Co. and 21st Century Fox. The entertainment goliaths were sued by Genting Malaysia Berhad for more than RM4.2 billion after backing out from the theme park in the middle of its construction.

In recent developments, Genting Malaysia Berhad says it has reached a settlement in its legal war against Walt Disney Co. and 21st Century Fox. Moving forward, an outdoor theme park will proceed as planned at Resorts World Genting, albeit under a new name. The theme park will contain both Fox and non-Fox intellectual properties. The usage of Fox’s intellectual properties is part of the settlement’s terms that grants Genting Malaysia Berhad licensing rights to utilize the aforementioned Fox properties.

Genting Malaysia Berhad is currently moving ahead with plans for the theme park, by updating its development and construction plans to accommodate the terms of the new settlement. Since reaching a settlement, the disputing parties have all agreed to dismiss all legal claims and counterclaims filed against each other.

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