ATP ends licence with Dreamworks

by TMR

Perak Corp Bhd’s 51% owned unit Animation Theme Park Sdn Bhd (ATP)  has discontinued a license agreement that was entered with DreamWorks Animation L.L.C to establish and operate attractions within the Movie Animation Park Studios (MAPS) effective Aug 1, 2018.
In a filing to Bursa Malaysia yesterday, the company said ATP and Dreamworks could not reach an agreement on opening the attractions for the park. The park had a soft opening on June 26, 2017 without its attractions.
ATP’s financial results ended Dec 31, 2017 noted the related intellectual properties rights acquired under the agreement which are classified as intangible assets has a carrying value of RM17.461 million.