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.