Are all the rides being renamed as well or does the IP still get to hold, it's just the park name that needs to be taken off?
Send your construction pics to content_at_themeparxdotcom
Are all the rides being renamed as well or does the IP still get to hold, it's just the park name that needs to be taken off?
Great news!!!
Source: https://www.nst.com.my/business/2019/07/507357/genting-malaysia-reaches-settlement-over-outdoor-theme-park-developmentGenting Malaysia reaches settlement over outdoor theme park development
Genting Malaysia is currently updating its development and construction plans to complete the outdoor theme park utilising both Fox and non-Fox intellectual properties.
Genting Malaysia Bhd has fully resolved its dispute with Fox Entertainment Group Llc, Twentieth Century Fox Film Corporation, Foxnext Llc, Twenty First Century Fox Inc and The Walt Disney Company over the development of an outdoor theme park.
In a filing with Bursa Malaysia today, Genting Malaysia said as part of the settlement terms, all parties had entered into a restated memorandum of agreement granting the company a license to use certain Fox intellectual properties.
Following the settlement, all parties agreed to dismiss all claims and counterclaims between the parties in the pending legal action in the United States District Court for the Central District of California, it said.
“Genting Malaysia is currently updating its development and construction plans to complete the outdoor theme park utilising both Fox and non-Fox intellectual properties.
“The outdoor theme park shall also be renamed,” it added.
Only the local Chinese media/paper reported that Fox and Genting has signed deal to go ahead with Fox branding theme park.
So far, not able to find any other local media/paper report it yet.
https://www.sinchew.com.my/content/content_2089970.html
Genting Malaysia rises on sooner-than-expected theme park opening
Source:https://www.theedgemarkets.com/article/genting-malaysia-rises-soonerthanexpected-theme-park-openingThe brokerage now thinks the attraction could be opened in the first or second quarter of next year instead of in 1Q 2021, given that Genting Malaysia has embarked on an aggressive hiring program for the park.
Genting Malaysia theme park might open 2020: Maybank
That could possibly mean a first-quarter 2020 launch, on the basis that the casino group had recently been recruiting for its theme park division, and had previously mentioned a lead time of six to nine months between hiring staff and opening the facility.It added: “Over the last two weeks, Resorts World Genting took out full-page job advertisements for its theme park division in local newspapers.”Source:https://www.ggrasia.com/genting-malaysia-theme-park-might-open-2020-maybank/At this point, we are unsure if Genting Malaysia will reconcile with Fox/Disney, partner other studios, share royalties with them or even operate the outdoor theme park on its own,” wrote Mr Yin.
Fast forward to 11:45
Fantastic aerial footage from Southern Corridor Malaysia
Sources: https://www.instagram.com/p/Bzupz5WFnnG/ and https://www.facebook.com/ng.cheeseong/posts/10216315515734247 and https://m.weibo.cn/status/4392123091117478 and https://goo.gl/maps/VkLEc6LVDvRbpdHn7