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Why Malaysian Casino Operator Is Suing Disney and Fox

Why Malaysian Casino Operator Is Suing Disney and Fox

Media giants Walt Disney (DIS) and 21st Century Fox (FOXA) were reportedly being accused of canceling a licensing contract related to the planned construction of a Fox-branded theme park. The US media and entertainment companies were charged more than $1 billion by Kuala Lumpur-based company Genting Malaysia, who has sued them for not complying with the contract to build a Fox-branded theme park at Resorts World Genting.