Sony Bids $50 Million For Jackson Rehearsal Film - CBS News 8 - San Diego, CA News Station - KFMB Channel 8

Sony Bids $50 Million For Jackson Rehearsal Film

Posted: Updated:
LOS ANGELES (AP) - Sony Corp.'s movie studio has bid $50 million to acquire the worldwide distribution rights to a film based on rehearsal footage for Michael Jackson's "This Is It" comeback concert series, according to a person familiar with the bid.

The person said Monday that the bid came after several studios, including Paramount, Universal, 20th Century Fox and Warner Bros., were shown footage starting early last week. The person spoke on condition of anonymity because the bidding had not been completed.

The winning studio would produce the film with Jackson's concert promoter, AEG Live, and his estate.

It would go a long way to helping AEG Live recoup some of the $30 million to $32 million it spent producing the concert before Jackson died June 25.

Sony Pictures has a leg up on other bidders because Sony Music distributes Jackson's music and is in a 50-50 partnership with his estate in Sony/ATV Music Publishing.

The bidding was reported earlier by the Los Angeles Times and industry blogger Nikki Finke.

The estate and AEG Live are also negotiating with several television networks and pay-per-view outlets on a TV special that would be a stage show featuring Jackson's music and dancing. It would be directed by "This Is It" director Kenny Ortega.

The selling price being discussed for the rights to show the TV special is also in the tens of millions of dollars.

General Electric Co.'s NBC has been in talks on the TV show, but the concept, air date and cost for the rights has not been finalized, said NBC spokeswoman Rebecca Marks.

"We have no deal for the rights to the Michael Jackson special," Marks said.

Copyright 2009 The Associated Press.

  • Entertainment NewsEntertainment NewsMore>>

  • Bruce Springsteen's Broadway show to be seen on Netflix

    Bruce Springsteen's Broadway show to be seen on Netflix

    Wednesday, July 18 2018 1:19 PM EDT2018-07-18 17:19:39 GMT
    Wednesday, July 18 2018 4:18 PM EDT2018-07-18 20:18:59 GMT
    (Photo by Greg Allen/Invision/AP, File). FILE - In this Nov. 10, 2015 file photo, Bruce Springsteen performs at the 9th Annual Stand Up For Heroes event in New York. Netflix announced Wednesday, July 18, 2018, that it will broadcast “Springsteen on Bro...(Photo by Greg Allen/Invision/AP, File). FILE - In this Nov. 10, 2015 file photo, Bruce Springsteen performs at the 9th Annual Stand Up For Heroes event in New York. Netflix announced Wednesday, July 18, 2018, that it will broadcast “Springsteen on Bro...
    Bruce Springsteen announced Wednesday that Netflix will broadcast his one-man show's final performance on Dec. 15. 
    Bruce Springsteen announced Wednesday that Netflix will broadcast his one-man show's final performance on Dec. 15. 
  • Jay-Z unhappy 'Made in America' leaving Philadelphia parkway

    Jay-Z unhappy 'Made in America' leaving Philadelphia parkway

    Wednesday, July 18 2018 2:20 PM EDT2018-07-18 18:20:47 GMT
    Wednesday, July 18 2018 4:18 PM EDT2018-07-18 20:18:56 GMT
    Jay-Z says he's disappointed his Philadelphia "Made in America" festival will not be held in "the heart of the city" after this year. 
    Jay-Z says he's disappointed his Philadelphia "Made in America" festival will not be held in "the heart of the city" after this year. 
  • 'The Dark Knight' returning to IMAX screens in August

    'The Dark Knight' returning to IMAX screens in August

    Wednesday, July 18 2018 10:21 AM EDT2018-07-18 14:21:05 GMT
    Wednesday, July 18 2018 4:18 PM EDT2018-07-18 20:18:48 GMT
    "The Dark Knight" is returning to the big screen _ four massive IMAX screens to be precise _ in celebration of its 10th anniversary. 
    "The Dark Knight" is returning to the big screen _ four massive IMAX screens to be precise _ in celebration of its 10th anniversary. 
Powered by Frankly
All content © Copyright 2000 - 2018 Midwest Television, Inc. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.