JAckson film company has paid $60m (£35m)

According to court documents filed in Los Angeles, the film company has paid $60m (£35m) for rights to the footage. But the deal needs approval from a US judge at a hearing on 10 August. Nearly 100 hours of film were shot while Jackson prepared his This Is It shows, which were due to take place at London's O2 arena. The star died suddenly on 25 June, just weeks before the first of his 50 comeback shows was due to take place. the film deal was negotiated by two men who are administering Jackson's estate, lawyer John Branca and music executive John McClain, who helped to launch Janet Jackson's pop career in the 1980s. Michael Jackson The series of 50 concerts was due to begin in London on 13 July Court papers suggest that Jackson's estate and AEG Live will share any profits, with the estate getting 90% and the remainder going to the promoters. If it is approved, the movie will have to meet the standards for a PG rating and not run any longer than 150 minutes, the contract states. Footage that paints Jackson in a bad light will not be permitted, it adds.


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