The final concert rehearsal footage has been purchased for a whopping $60 million dollars and will officially be coming to a theater near you.

Sony Pictures and Sony Music have officially landed the rights to produce a pic of Michael Jackson’s final concert tour.

As expected, the studio will distrib “This Is It” worldwide on Oct. 30, (Daily Variety, July 21). 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 film will offer select sequences in 3-D.

Sony acquired the footage from AEG Live and the Michael Jackson estate for as much as $60 million. AEG had started the bidding at $50 million.

$60 million seems like a lot of money but that money will be made back exponentially when the footage is released in theaters. The worldwide audience will be clamoring for a look at the final days of the legend Michael Jackson.

Source: Variety

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