Columbia Pictures and concert promoter AEG Live have struck a deal to make a Michael Jackson movie using video of his "This Is It" concert rehearsals taken days before the King of Pop died in June, according to court documents.
A Los Angeles Superior Court judge must first approve the deal at a hearing on Aug. 10. AEG Live spearheaded the deal between Columbia, a division of Sony Corp's Sony Pictures Entertainment, and executors of Jackson's will.
Details of the movie agreement, and the $60 million in revenue that Columbia has agreed to pay for the film rights, were released in court papers filed late on Tuesday. Howard Weitzman, an attorney representing the executors of Jackson's will, lawyer John Branca and music industry executive John McClain, said this week the deals could generate "millions of dollars of revenue to Michael Jackson's estate."
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