Disney denies Genting's claims in a billion-dollar lawsuit against a theme park

The Walt Disney Company rejected Genting Malaysia's allegations that Disney and Twenty-First Century Fox would have abandoned the 2013 contract to build the Fox brand amusement park.

In a statement to A + MDisney spokesman said the charges against him in the case are "totally unfounded". According to the court document previously seen by A + MGenting sues for a billion US dollars, about US $ 750 million, that Genting has invested in the park, as well as indirect and punitive damages. Genting also confirmed in a statement published on Bursa Malaysia that it had filed lawsuits against the Disney and Fox companies in the state of California.

The court document alleged that both parties faced "vendor remorse" and that Fox had "wrongly conspired" with Disney to "sabotage" the Fox World project. Fox had apparently created years of delay to threaten the termination and force a renegotiation of economic conditions.

At the same time, Disney allegedly wanted to terminate the contract because it did not want to be associated with a gaming company such as Genting because of its "family-friendly" branding strategy. As such, he ordered Fox to issue a "Notice of Default" by beginning the termination process of the agreement, reads in the court document. Disney acquired Fox earlier this year for about 71.3 billion US dollars.

The Asia-Pacific region continues to offer several opportunities for Disney products and experiences. To take advantage of these opportunities, Disney has appointed Mahesh Samat as Executive Vice President, Disney Consumer Product Marketing for the Asia-Pacific region. He reports to Ken Potrock, President, Disney Consumer Products Marketing.

Samat assumes responsibility for the marketing of Disney's franchises for derivative products, publishing and licensed games in Southeast Asia, India, Greater China, Korea, Japan, Australia, and Australia. New Zealand. He joined Disney in India in 2016 and then joined Southeast Asia and India to form the Disney South Asia regional hub in 2017.

While there, Samat led Disney's integrated business units, developing new strategies and delivering growth to global franchises. He has also created new business opportunities for all Disney companies. Previously, he ran Disney's business in India for four years, since 2008.

With more than 25 years of experience in consumer, media and healthcare in India, Asia-Pacific and Europe, Samat previously worked with brands such as Johnson & Johnson, Kellogg, Warner -Lambert / Parke-Davis and Boots India. Between 2012 and 2016, he created Epic Television Networks and his Hindi language, The Epic Channel in India.