Well we knew it would happen sooner or later and Sony Corp.'s movie studio has bid $50 million to acquire the worldwide distribution rights to a film based on rehearsal footage for Michael Jackson's "This Is It" comeback concert series, according to a person familiar with the bid.
Sony Pictures has a leg up on other bidders because Sony Music distributes Jackson's music and is in a 50-50 partnership with his estate in Sony/ATV Music Publishing. Sony's bid is on par with the cost of making a mid-range budget movie, and is offset by the fact that the Sony group of companies would benefit from the music licensing rights attached to the film.
The one thing that gets me pissed when I hear things like this is the LACK of support Sony gave to MJ for his last two albums with Sony when they were his label. NOW, like a bloodsucking relative who comes out of the woodwork when a person wins a lottery, here again Sony rears it's little old head.
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