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The park may also feature Marvel and Six Flags’ intellectual properties!!!
“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” said the group in the filing.KUALA LUMPUR: After a major fall-out last year, Genting Malaysia Bhd’s much-delayed outdoor theme park is back on track and potentially even improved as not only will it feature some of the popular characters from 21st Century Fox, but possibly even a number of Marvel’s — another Disney-owned brand.Source:https://www.theedgemarkets.com/article/genting-theme-park-back-track-what-marvelRecently, it is understood that three parties, including Marvel and US-based theme park brand Six Flags, approached Genting Malaysia to take over the spot vacated by 21st Century Fox — prompting market speculation of Marvel’s involvement in the theme park.
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.