Last updated: Wednesday, August 5, 2009
JACKSON FAMILY TO PROFIT FROM THIS IS IT MOVIE
MICHAEL JACKSON's family will benefit from the release of a movie featuring rehearsal footage from the superstar's doomed comeback shows - they're set to net 90 per cent of its profits.
The Jackson family, top row from left: Jackie Jackson, Katherine Jackson, Joe Jackson, Janet Jackson, Jermaine Jackson, Michael Jackson. Bottom row from left: Marlon Jackson, Randy Jackson, Tito Jackson, LaToya Jackson - 1972 (photo supplied by WENN)
Court documents filed on Friday (31Jul09) and released on Tuesday (04Aug09) show that Columbia Pictures has secured the rights to create a documentary using the clips.
Jackson was filmed during his final practice sessions ahead of his 50-date This Is It residency at London's O2 arena, which was due to kick off last month (Jul09).
The legal papers, obtained by TMZ.com, state that the Jackson estate will get 90 per cent of the film's profits and concert promoters AEG will get the remaining 10 per cent.
Columbia executives reportedly paid $60 million (£40 million) for the rights to the footage.
However, a Los Angeles judge must approve the deal by Monday (10Aug09). A meeting with Jackson's mother Katherine has been scheduled for the same day to see if she has any objections to the proposal.
Related News:
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- JACKSON'S DEATH CERTIFICATE AMENDED
- FASCINATING FACT:
- JACKSON'S THIS IS IT WAXWORK TO BE UNVEILED IN HOLLYWOOD
- LESTER: 'CORONER'S FINDINGS ARE ABSOLUTELY HORRENDOUS'
- DOCTOR'S LAWYER RESPONDS TO JACKSON 'HOMICIDE' REPORTS
- DOCTOR TOOK PILL BOXES FROM JACKSON'S HOTEL SUITE PHARMACY
- JACKSON ASKED DOCTOR TO CONSIDER HAVING HIS FOURTH CHILD
Source: WENN
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