LOS ANGELES – 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.
GO HERE to read more.
No comments:
Post a Comment