Sony Pictures is in final negotiations to acquire the film that will be made out of ‘Michael Jackson’s rehearsals for his “This Is It” concert tour. The price: $60 million, above initial projections reported elsewhere.
Sony and AEG Live have set the release date for Halloween week: Friday, Oct. 30.
And to give credit where it’s due, my friends at Hitsdailydouble.com are correct in saying that the split on the money is 90% to the Jackson estate and 10% to AEG Live. The Jackson estate means Michael’s kids and his mother and the eventual charity that will be formed in Michael’s name.
I am told, as I reported earlier, that the hoped for Aug. 29 show in London seems to be dead. NBC wasn’t the only network not interested. And the reason? Joseph Jackson shopped his own special to the networks, which confused everything, sources say. “He didn’t even tell Janet that she was supposed to be part of it.”
And the beat goes on …