U2 ready for legal action in Denver
The footage in question, Under A Blood Red Sky, was recorded by Rick Wurpel in Denver, but went missing five years ago. It has since been found in the archives of the city's council, who claim they bought the tapes from one of Wurpel's employees for $3,000.
Over the past twenty years, the value of the footage has increased exponentially, making the original price paid seem ludicrous. The council has apparently said that it will not return the tapes until Wurpel's ownership can be verified.
It would seem that legal proceedings may be the inevitable outcome of the disagreement.