Footage that shows Michael Jackson preparing for his comeback tour has spawned quite the bidding war among Hollywood studios interested in releasing it as a concert film.
The Associated Press reported yesterday that several movie studios were shown an example of footage last week, currently owned by AEG Entertainment, which features Jackson performing and rehearsing his “This Is It” tour. The footage is rumored to be around 80 hours.
Multiple sources, including Daily Variety and the Associated Press, are saying that Sony Pictures has bid $50 million for the footage and that a film might be released as soon as later this year, possibly directed by “High School Musical” director Kenny Ortega, who was directing the tour before Jackson’s passing.
Sony winning makes sense because their music branch distributes Jackson’s music.
The AP also says people are bidding on a TV special which would feature several performers performing Jackson’s songs as a tribute. The number surrounding that is also supposed to be in the tens of millions of dollars.
Those numbers all might sounds really big but, considering a studio like Sony spends upwards of $100 million on a bunch of terrible movies, a Jackson documentary, which is sure to get tons of press and curious moviegoers to buy tickets, actually might be a sound investment.
And we admit, it’s nice to actually read some positive Michael Jackson news for once.
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