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Studios Competing For Michael Jackson Concert Film; Bidding Began At $50M
EXCLUSIVE:AEG is right now trying to auction off to Hollywood*that concert film of the Michael Jackson rehearsals for his final tour.*I'm told Sony, Universal and Fox are in negotiations, but the price keeps going up and up. $50 million is where it started, I heard. As soon as executives involved in organizing Michael Jackson's 50-night schedule of shows at London's O2 arena learned of the performers death, they met at Staples Center in Los Angeles and secured all of the*rehearsal footage which Jackson had done there, according to news reports.*Randy Phillips, president and CEO of AEG Live, ghoulishly boasted to The Associated Press he had "more than 100 hours of footage that could be turned into live albums, a movie and a pay-per-view special.*He was our partner in life and now he's our partner in death."*Phillips claimed the production budget for the shows reached $25 million, which also covered 3-D "mini-movies" of Thrillerand Earth Song. He also said that, aside from AEG,*the Jackson estate would get the "lion's share" of any profits from the high-def footage. (Photos*of MJ's last rehearsals.)The recordings were reportedly*"great," with the last day on Wednesday being the "best," and all of them*"enough for a show," NBC News reported at the time. The*includes production meetings and auditions and behind-the-scenes showing Jackson and his dancers*occupying several spaces*in the Staples Center, and Michael going from room to room supervising the rehearsals.*The Los Angeles Timesand the AP also reported that the singer liked how*the concert*was*developing.*
http://www.deadlinehollywooddaily.c...-jackson-concert-film-bidding-started-at-50m/
EXCLUSIVE:AEG is right now trying to auction off to Hollywood*that concert film of the Michael Jackson rehearsals for his final tour.*I'm told Sony, Universal and Fox are in negotiations, but the price keeps going up and up. $50 million is where it started, I heard. As soon as executives involved in organizing Michael Jackson's 50-night schedule of shows at London's O2 arena learned of the performers death, they met at Staples Center in Los Angeles and secured all of the*rehearsal footage which Jackson had done there, according to news reports.*Randy Phillips, president and CEO of AEG Live, ghoulishly boasted to The Associated Press he had "more than 100 hours of footage that could be turned into live albums, a movie and a pay-per-view special.*He was our partner in life and now he's our partner in death."*Phillips claimed the production budget for the shows reached $25 million, which also covered 3-D "mini-movies" of Thrillerand Earth Song. He also said that, aside from AEG,*the Jackson estate would get the "lion's share" of any profits from the high-def footage. (Photos*of MJ's last rehearsals.)The recordings were reportedly*"great," with the last day on Wednesday being the "best," and all of them*"enough for a show," NBC News reported at the time. The*includes production meetings and auditions and behind-the-scenes showing Jackson and his dancers*occupying several spaces*in the Staples Center, and Michael going from room to room supervising the rehearsals.*The Los Angeles Timesand the AP also reported that the singer liked how*the concert*was*developing.*
http://www.deadlinehollywooddaily.c...-jackson-concert-film-bidding-started-at-50m/