Last week alone four studios bidded for Michael Jackson's final footage. Sony "has all but closed the deal," which is valued at more than 50 million dollars, according to "The Wrap" (That would make it the highest price ever paid for source material for a documentary.) Fox and Universal were also reportedly involved in the "pitched bidding war." The high-definition footage includes a full concert rehearsal "taped on the night before he died," production meetings, and auditions. The deal would also include several videos intended to be shown during breaks in the concert; at least two were shot in 3-D.
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