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KUALA LUMPUR (AP): The lawsuit against Genting Malaysia Resort developer, who is claiming $ 1 billion in damages from Walt Disney Co. and Fox Entertainment Group for alleged violation of the theme park contract, is "unfounded," said Disney.
Monday's lawsuit in California Central District Court alleges damages for Fox's withdrawal from a 2013 agreement on the intellectual property of a Fox World theme park at Resort World Genting sprawling perched on a mountain in Malaysia.
The theme park would have been Fox's first. According to Genting's complaint, Fox issued a "Notice of Default" to terminate the agreement.
The acquisition of 21st Century Fox by Disney seems to have caused problems because the Genting resort includes a casino, which is at odds with Disney's position against the game.
"The claims made against Disney in this case are totally unfounded," Disney said in a statement.
Despite disagreements over the specific terms of the agreement, Genting said that Fox had no reason to withdraw.
The complaint also alleges that Disney and 21st Century Fox interfered with the contract and caused the violation of Twentieth Century Fox Licensing and Merchandising, a subsidiary of Fox Entertainment.
Genting claims to have invested nearly $ 180 million (RMB 754 million) in the Fox project.
Its latest quarterly report indicated that the group was focusing on developing its resort and preparing for the roll-out of the "much-anticipated 20th Century Fox theme park" as well as another attraction, the Skytropolis covered theme park.
The opening of the Fox theme park was planned for the first half of 2019. -AP
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