Jackson kids 'could pocket £300m royalties'

Michael Jackson's three children will reportedly pocket up to £300 million in royalties from footage of rehearsals for his final tour.

The 'Thriller' star passed away following cardiac arrest on June 25, just weeks before he was scheduled to bring his comeback tour to London's O2 arena for a mammoth 50-date stint.

Speaking to The Mirror, AEG Live boss Randy Phillips insisted that Prince Michael, 12, Paris Katherine, 11, and 7-year-old Blanket would receive the "lion's share" of the royalties.

It was recently announced that High School Musical director Kenny Ortega is planning to helm a movie about the popstar based on around 80 hours of rehearsal footage taken during preparation for the tour.

Royalties could also emerge from a potential tie-in soundtrack, a behind-the-scenes documentary special and TV rights to a rumoured tribute concert scheduled for London next month.

It is also believed that previously unheard material recorded by Jackson before his death could eventually be released to the public.