by Mitchell W
THIS CANNOT BE HAPPENING!!!
The 20th Century Fox World project in Genting Highland is being ABANDONED!!!
We've been waiting for years and now this?!
Now Walt Disney Co and Twenty-First Century Fox Inc are being sued for over USD$1 Billion by Genting Malaysia Bhd for abandoning the project -- which btw, is killing all of us who were waiting anxiously for the grand opening -.-
What I heard was that Disney didn't want it to be in Genting Highlands cause it'll put the project right next to a casino -- which doesn't suit Disney's preference of being family-friendly...
Who knows if this is the truth or not but we're all now just feeling super-dismayed by this news...
Fox had issued Genting a contract-termination default notice in a manner that is "entirely consistent with Disney wanting to kill the deal"... -- and this is AFTER Genting has already invested over USD$750 million-plus into the project!
"Given that FEG had no right to terminate the Agreement, Fox and Disney are liable for what will exceed a billion dollars in damages attributable to the bad-faith behaviour of both Fox and Disney," the complaint said.
Guess we aren't gonna get our dreams of living the sweet Disney life after all... sad really...