Genting Theme Park refurbishment (FOX studio theme park)

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Genting Theme Park refurbishment (FOX studio theme park)

Postby afiqnadzir » Tue Jul 23, 2013 7:16 am

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World famous motion picture company 20th Century Fox Corporation is rumored to make a major announcement with Malaysia's Genting Group this Friday. It was reported that 20th Century Fox will rebuild-cum-rebrand the Genting Highlands Outdoor Theme Park and will become the first ever full-scale FOX Theme Park in the world. Scheduled to open for business in 2016, at the hilltop resort of Resorts World Genting Malaysia.

20th Century Fox's most popular film franchises include Avatar, Star Wars series, Independence Day, Home Alone series, Alvin and The Chipmunks series, Ice Age, X-Men series, Fantastic Four, Die Hard series, Alien, Alien vs Predator, Planet of the Apes series, The Simpsons Movie, Night At The Museum, The X-Files series, Glee series, Minority Report, Life of Pi, The Croods, Mr. & Mrs. Smith, Family Guy, Garfield, etc.

20th Century Fox is now part of 21st Century Fox which is a newly spinoff entity from the world's largest media and entertainment conglomerate News Corp. In August 2012, 20th Century Fox signed a five-year deal with DreamWorks Animation to distribute Dreamworks' films in the US and international markets.

The new theme park is expected to be a major boost for Kuala Lumpur tourism.
Last edited by SharkTums on Thu Feb 18, 2016 11:51 am.

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby afiqnadzir » Tue Jul 23, 2013 7:18 am

Upgrade for Genting Malaysia theme park

July 22, 2013


KUALA LUMPUR: US-owned Twentieth Century Fox Film Corp (Fox) and Genting Malaysia Bhd will announce a collaboration to breathe new life into the Genting theme park in Genting Highlands, Pahang, and bring it up to grade with its newer parks.

Sources told The Malaysian Reserve the two companies are scheduled to announce the project later this week and that the new attraction will open for business by 2016. The scope and cost of the project was not disclosed.

In April, a foreign media report speculated that Fox and another US entertainment company, Warner Bros Entertainment Inc, could be making plans to enter the Asian theme park scene as a way to promote their film and television shows.

The report quoted consultancy AECOM’s global director for leisure and cultural service Chris Yoshii: “For some media companies it’s not just about the theme park but part of a whole series of efforts to promote films and TV shows…theme parks are a physical manifestation of this trend”.

Last month, Genting Malaysia chairman Tan Sri Lim Kok Thay announced that it is investing at least RM3 billion to renovate its Genting Highlands resort to compete with standards set at its newer operations in Singapore and the Philippines.

It has been speculated that Genting Malaysia was securing foreign partnership to redevelop the resort operated by Resorts World Genting.

Genting Malaysia’s profits suffered a decline of 1.8% last year to RM1.4 billion compared to RM1.43 billion in 2011, while revenue for last year showed 7.1% year-on-year decline to RM7.9 billion.

For first-quarter 2013, Genting Malaysia recorded total revenue of RM1.87 billion compared to RM1.9 billion the preceding year.

In Malaysia, its leisure and hospitality business recorded revenue of RM1.34 billion, a 3% increase from a year earlier, contributed mainly by higher volume of business and hold percentage in the premium players business.

The theme parks recorded lower ticket sales last year — three million compared to 3.4 million in 2011.

Lim said the idea to renovate the resort was to double the group’s profits, adding that while the company has been making substantial investments abroad, it is time attention be drawn back to its homegrown resort.

Through the facelift, Genting Malaysia hopes to tap into the expanding regional gaming market, while it grows the international premium players business.

The theme park’s outdoor and indoor attractions are part of Genting Highlands Resort’s key tourist highlights, aside from Casino de Genting.

Genting Malaysia also owns six hotel properties at Resorts World Genting — Maxims Genting Highlands Hotel, Theme Park Hotel, Resort Hotel, Awana Genting Highlands, Golf & Country Resort and the 6,118-room First World Hotel, touted as the world’s largest hotel in Guinness World Records.

Aside from Resorts World Genting, Genting Malaysia owns Resorts World Casino New York City in the US and over 40 casinos in the UK. In Malaysia, Genting Malaysia also operates two seaside properties — Resorts World Kijal in Terengganu and Resorts World Langkawi.

Fox’s previous venture with theme parks in the region is the Fox Backlot Studios cinema and television theme park in Sydney, featuring a Simpsons attraction and a Titanic ride among others which opened for operations in 1999. However, after two years, it closed its doors in October 2001.

Elsewhere, it was reported that Fox is looking for a location for a theme park and speculators had predicted China to be fertile ground.
This content is provided by FMT content partner The Malaysian Reserve.
http://www.freemalaysiatoday.com/cat...ia-theme-park/

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby SharkTums » Tue Jul 23, 2013 7:46 am

I had heard about this rumor!

This park needs a multi-year closure and complete redo more than most parks on Earth. With such an amazing setting they could really do a lot, especially with the Fox license!

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby afiqnadzir » Tue Jul 23, 2013 7:47 am

Closure won’t hurt Genting


PETALING JAYA: Genting Malaysia Bhd, while keeping mum on the refurbishment plans for its casino resort, should be cushioned from any major financial losses incurred from closing the outdoor theme park. This was because entertainment revenue contributed only marginally to the group.

It had been reported that the outdoor theme park would be closed for two years from Sept 1 to undergo a facelift. Two of its rides have been closed from July 1.

Group chairman and chief executive Tan Sri Lim Kok Thay is expected to detail the “major transformation” next Friday.

Hong Leong Investment Bank analyst Grace Chew said in a note that the impact of the expected theme park closure would be minimal, as the bulk of Resorts World Genting’s revenue derived from its gaming activities, while only about 5% stemmed from entertainment.

“Upon completion of the facelift in Genting Malaysia’s outdoor theme park, we believe there is potential that the group may charge its theme park tickets at higher prices. Current tickets are priced at RM54, RM30 and RM16 for adults or teens, children and senior citizens, respectively.”

Chew added that the potential loss from entertainment revenue could be offset by the higher-than-expected net wins obtained from the racino in Resorts World New York, where weekly average net wins stood at US$432 (RM1,379) per video lottery terminal per day, a 14.6% premium to Chew’s forecast net wins of US$377.

RHB Investment Bank gaming analyst Kong Heng Siong said the “major transformation” would likely be part of the RM3bil capex programme announced last month.

“The exact details are not available at the moment, but Genting would most likely talk about shutting down the outdoor theme park to undergo some major facelift,” he told StarBizWeek.

On the back of that, Kong believes that Genting would be introducing new rides at its theme park, expected to be ready for the public in mid- to end-2015.

Another analyst from a bank-backed brokerage said Genting Malaysia remained very tight-lipped about its plans and would likely “drop the bomb when they want to.”

“Speaking to the investor relations, they said nothing had been finalised so far,” he added.

Genting Malaysia had said it was planning an RM3bil facelift for the 42-year-old hilltop Genting Highlands casino resort last month.
http://www.starproperty.my/index.php...-hurt-genting/

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby subletheart » Tue Jul 23, 2013 3:00 pm

Update about 20th Century Fox Brands, IP, and Franchises:

Star Wars is now owned by Disney. (Fox distributed the holy trinity.)
Alvin and Garfield are owned by the creators of the original comics (Fox made their movies.)
Marvel owns the X-Men and Fantastic Four (Fox makes their movies)
The Croods owned by Dreamworks (which is distributed by Fox)



20th Century Fox's most popular film franchises include Avatar, Star Wars series, Independence Day, Home Alone series, Alvin and The Chipmunks series, Ice Age, X-Men series, Fantastic Four, Die Hard series, Alien, Alien vs Predator, Planet of the Apes series, The Simpsons Movie, Night At The Museum, The X-Files series, Glee series, Minority Report, Life of Pi, The Croods, Mr. & Mrs. Smith, Family Guy, Garfield, etc.

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby afiqnadzir » Fri Jul 26, 2013 1:42 am

Resorts World Genting and Twentieth Century Fox Consumer Products Announce Plans for First Twentieth Century Fox Theme Park

http://au.finance.yahoo.com/news/resorts-world-genting-twentieth-century-045900963.html
UALA LUMPUR, Malaysia--(BUSINESSWIRE)-- Resorts World Genting, the world’s largest destination resort operator, announces today a licensing partnership with Twentieth Century Fox Consumer Products to develop the first international Twentieth Century Fox theme park. Opening in 2016, the new theme park at Resorts World Genting will fully immerse visitors in an entertainment experience featuring some of FOX’s most recognized and powerful film brands including ICE AGE, RIO, ALIEN and NIGHT AT THE MUSEUM.
Dato Lee Choong Yan, president and chief operating officer of Genting Malaysia Berhad and Jeffrey Godsick, president of Twentieth Century Fox Consumer Products participated in a signing event solidifying the partnership between Genting Malaysia Berhad and Twentieth Century Fox Consumer Products. The alliance was witnessed by Tan Sri Lim Kok Thay, chairman and chief executive officer of Genting Malaysia Berhad.
“For the first time, audiences will soon be transported into the worlds of their favorite Twentieth Century Fox properties,” said Godsick. “Brought to life by our partner Resorts World Genting, this theme park marks the launch of our global location based entertainment strategy.”
“Twentieth Century Fox is one of the world’s largest producers and distributors of entertainment content in the world,” said Tan Sri Lim. “The FOX brand is popular throughout the world because the studio has earned a reputation for quality, creativity and longevity. We’re honored to partner with Twentieth Century Fox to realize the vision of a world class integrated resort.”
The Twentieth Century Fox theme park at Resorts World Genting will feature rides and attractions based on a wide array of FOX properties including action, adventure, animation, family and sci-fi genres.
Highlights from the park will include:
More than 25 acres of land, featuring more than 25 rides and attractions from media based rides, thrill rides, dark rides, to children’s rides and water rides
Rides and attractions based on Twentieth Century Fox blockbuster titles like ICE AGE, RIO, LIFE OF PI, ALIEN, PREDATOR and NIGHT AT THE MUSEUM (additional film build outs to be announced)
The Dream Parade, featuring a one-of-a-kind, animatronics parade based on all characters and titles represented at the theme park

Retail merchandise and themed food and beverage outlets
Resort World Genting is investing more than r RM400 million to develop the Twentieth Century Fox theme park. New jobs will be created, including cast members who will be trained to operate the rides and attractions, while representing the characters and stories from various FOX properties. The ultimate focus and goal: delivering a world-class customer experience.
The Genting Theme Park was opened in 1978 as Genting Amusement and Recreation Park. Today after 35 years, the outdoor theme park receives millions of visitors annually from Malaysia and all over the world. With the Twentieth Century Fox theme park targeting families and adults alike, the Resort anticipates a strong growth in visitors from both Malaysia and international arrivals, in addition from neighboring countries.
The Genting Outdoor Theme Park will be closed beginning September 1st 2013 to facilitate the construction of the Twentieth Century Fox theme park. The projected soft opening is scheduled to take place in 2016 and will herald a new milestone of exceptional achievement for Resorts World Genting.

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby SharkTums » Fri Jul 26, 2013 2:46 am

This sounds really promising. Resorts World has shown us they're certainly capable of building and running a world class theme park. I still can't believe they're going to transform Genting into one but they've got 2.5 years so anything is possible!! :)

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby afiqnadzir » Fri Jul 26, 2013 1:06 pm

Fox's First Ever Theme Park Just the Beginning, Studio Consumer Products Chief Says

http://www.thewrap.com/movies/article/foxs-first-ever-theme-park-just-beginning-studio-consumer-products-chief-says-106261

Twentieth Century Fox's upcoming theme park in Malaysia is the first of a global expansion into that business, the studio's head of consumer products told TheWrap Friday.

Jeffrey Godsick, president of Fox Consumer Products, said that the theme park, its first-ever full scale resort, "is really the beginning of a global roll out to key territories of larger scale resorts.".......


:ohno:-from this interview,we can conclude that avatar,xmen and starwars will not make appearance in this park..

:banana:-we can see the first ever ride from the movie of life of pi,night at museum,rio and iceage

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby AusCoasterFan » Fri Jul 26, 2013 4:59 pm

Wow! I will be going to Singapore and Malaysia in December/January this year... I WAS planning on going to Genting, looks like I won't be doing the theme park now! Ah well, I can't complain, it looks like a great idea, so i can't complain.

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Re: Genting Theme Park refurbishment (FOX studio theme park)

Postby afiqnadzir » Sat Jul 27, 2013 3:05 pm

Image
blue will be future hotel,red is actual size of existing theme park and yellow is what i think should be used maximally for upgrading

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