--Casino operator Genting Malaysia Bhd (4715.KU) filed a lawsuit against Walt Disney Co. (DIS) and 21st Century Fox Inc. (FOX), claiming they backed out of a contract related to a Fox-branded theme park, Reuters reported Monday.

--In the lawsuit filed in Los Angeles, Genting said "seller's remorse" led Fox, with the help of Disney, to back out of a 2013 contract to provide intellectual property for the proposed theme park, which would have been an addition to the Resorts World Genting facility, according to the report.

--The report said Disney didn't immediately respond to a request for comment, and a spokesman for Twentieth Century Fox Film declined to comment.

--21st Century Fox shares common ownership with News Corp (NWS), owner of Dow Jones and this newswire.

 

Full story: https://www.reuters.com/article/us-fox-disney-genting-malaysia/disney-fox-sued-in-u-s-for-1-billion-over-malaysia-theme-park-idUSKCN1NV2NP

 

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

November 26, 2018 18:16 ET (23:16 GMT)

Copyright (c) 2018 Dow Jones & Company, Inc.
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