Sony Pictures and Sony Music have landed the rights to produce a film of Michael Jackson's final concert tour. Sony acquired the footage from AEG Live who must have been holding out for the highest bidder , for $60 million dollars. The deal was approved by a Los Angeles Superior Court Judge Monday. Variety reports:
As expected, the studio will distrib "This Is It" worldwide on Oct. 30. It will consist of rehearsal and behind-the-scenes footage shot while Jackson prepped to perform 50 concerts in London. "High School Musical"-helmer Kenny Ortega, who choreographed the show, will direct the film, the material for which was shot in HD in June at Staples Center and the Forum in Los Angeles.
The also report that some of the scenes will be in 3-D. Sony Pictures CEO Michael Lynton says:
"This historic recording of the last time (Jackson) sang and danced on stage shows the legendary artist in an incredibly powerful way, with crystal clear images and sound."
Sony Pictures and Sony Music will co-produce with AEG Live and the Michael Jackson estate, which back the pic. Randy Phillips and Paul Gongaware of AEG Live are producers.
Proceeds that the Michael Jackson estate earns from the film's release will benefit the Michael Jackson Family Trust.