Columbia Pictures has purchased the rights to Michael Jackson's final days - as in the King of Pop's 2009 rehearsal footage - for $60 million, according to reports.
Concert promoter AEG Live agreed to sell the footage for a feature-length film. A judge still needs to sign off on the transaction before any film can be made.
The plan is for Columbia to craft a PG-rated, feature-length film revolving around Michael's preparations for what was supposed to be a 50-show comeback.
The $60 million encompasses merchandising rights, product tie-ins, a special director's cut, etc. AEG has said that more than 100 hours of footage exists.
The movie is allowed to be no longer than 150 minutes.
Michael Jackson announcing what would have been his comeback tour.
Jackson's will executors, John McClain and John Branca, spoke about what they called "significant value" in hammering out various deals to enrich Jackson's estate and beneficiaries in the wake of his passing and the worldwide interest in him.
Of course, that's assuming there will be a demand for such a film - and that Michael's mother Katherine Jackson, who has signed a confidentiality agreement allowing her access to the estate's future business dealings, has no objections.
Why would she? Not only does the contract dictate that the film must show Jackson in a positive light, but 90 percent of the profit will go to her son's estate.
The singer's estate will be divided between Katherine, Jackson's three children (two of whom Dr. Arnold Klein may have fathered) and various charities.
Sounds like the green light will be granted to us.