After weeks of back and forth, it seems there's finally some movement on that Michael Jackson concert footage, and, should everything play out minus some ridiculous distractions, you could be watching said footage in a movie theater (and in 3D!) sometime soon. According to The Wrap, four studios were caught up in a bidding war over the weekend for the footage, with sources telling them that Sony has "all but closed a deal to acquire" the rehearsal footage for upwards of $50 million – which would make it the highest price ever paid for source material for a documentary.
Concert promoter AEG has recorded the entire rehearsal that took place at the Staples Center the night before Jackson passed away, and it's said that most (if not all) that footage (which was recorded in multi-camera HD and 3D) will be used for the film. Also included in the upcoming movie, most likely to be directed by High School Musical's Kenny Ortega, are "several videos that were to be shown between breaks during the concerts." Universal and Fox were among the other studios bidding for the footage, and another deal for TV rights to a tribute concert were stalled in negotiations.
What do you think about a movie and a television tribute concert? Is it too much … or too little?