A Michael Jackson Movie in the Works

TMZ is reporting:

New court documents in the Michael Jackson estate case reveal Columbia Pictures scored the footage of Michael Jackson’s rehearsals and preparations for his London concerts … but the studio is paying a hefty price.

Columbia will create a movie from the footage. Under the terms of the deal, the Jackson estate will get 90% of the profits and and AEG will get the remaining 10%.

Columbia will guarantee a minimum of $60 million in return for the rights.