Viacom International Media Networks have withdrawn from the planned Nickelodeon attraction in Coral World Park, Palawan.
The park, themed to Viacom’s Nickelodeon property, was due to be a part of a larger “Coral World Park Undersea” project. The Nickelodeon area was planned to take up 100 hectares of the 400 hectare resort. It was dubbed “the world’s first undersea attraction”, but developers were forced to clarify that it would not actually be undersea after the announcement attracted controversy.
Viacom said in a statement: “Viacom International Media Networks (VIMN) has mutually agreed with Coral World Park to discontinue the IP licensing agreement for the Nickelodeon-branded attraction and resort that was intended to be part of Coral World Park’s planned development in the western Philippine province of Palawan.”
“Therefore, VIMN and Nickelodeon will no longer be involved with this proposed development. We wish Coral World Park well.”
The Nickelodeon attraction was set to be Viacom’s first themed resort in Southeast Asia.
The Coral World Park is the largest Marine Reserve and Coral Reef Conservation program in Asia. It comprises a cluster of 16 islands located in the western Philippines.
https://news.abs-cbn.com/business/08/22/17/viacom-withdraws-from-nickelodeon-project-in-palawan
