Movies
Columbia 'buys $60m Jackson film rights'
Published Thursday, Aug 6 2009, 14:48 BST | By Mayer Nissim
WENN
Court documents filed in Los Angeles show that the firm has bought the rights for $60 million (£35 million), but the deal must be approved by a US judge at an August 10 hearing.
The contract was negotiated by lawyer John Branca and music executive John McClain, the men who are administering Jackson's estate, the BBC reports.
Under the terms of the deal, Jackson's estate will receive 90% of the profits from the concert film, with AEG Live taking the remainder.
The contract adds that footage showing the star in a negative light will not be permitted, while the movie must also be suitable for a PG rating and no longer than 150 minutes in length.
Jackson died on June 25, weeks before he was due to begin his 50-date live residency at London's O2 venue.
It has been suggested that his live choreographer and High School Musical director Kenny Ortega will make the planned film.
> Click here to see footage from Jackson's last live rehearsal
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