If you’re planning a quick trip but haven’t decided on a location then you should add Genting to your list. It has been announced by Genting Malaysia Bhd that their dispute has been resolved. As a result, the outdoor theme park is back on the table and expected to open as early as next year.
Many of us were concerned when there were issues being faced on the new outdoor theme park. Just late last year Genting Malaysia Bhd and Fox Entertainment Group Llc, Twentieth Century Fox Film Corporation, Foxnext Llc, Twenty First Century Fox Inc and The Walt Disney Company were in disagreement.
While in the midst of acquiring 21st Century Fox Entertainment, Disney decided to pull out of the project. Fox was set to sponsor the Fox World Theme Park located outdoors and near Resorts World Genting.
The cause of the dispute was that Disney didn’t want to tarnish their family-friendly image by associating with gambling. Many of us know that the casino’s in Genting are pretty popular.
At last the dispute has been settled between the two companies and the project shall continue. In the settlement agreement, both parties have fully resolved their disputes. They have also agreed to dismiss all claims and counterclaims that are pending legal action in the United States District Court for the Central District of California.
Genting Malaysia has said that they are currently updating its development and construction plans to complete the outdoor theme park. It will utilise both Fox and non-Fox intellectual properties. The outdoor theme park will also be renamed.
No official date has been announced for opening day but analysts are hopeful that it will be next year.