Sony reported to Close Deal for Michael Jackson concert footage samples

Sony reported to Close Deal for Michael Jackson concert footage samples


Apple Q3 profit jumps 15% on iPhone sales
(RTTNews) - Monday, Sony Pictures Entertainment Co., a division of Sony Corporation of America, a subsidiary of Tokyo-based Sony Corp. (SNE: News) has reportedly offer more than 50 million U.S. dollars for the purchase of rights worldwide distribution for a film based on the material Concert dress rehearsal for pop star Michael Jackson's "This is It" comeback concert series. This was a 50-concert series, which is not due to the untimely death of "King of Pop" on 25 June 2009.

The concert series is designed by the world's second largest concert promoter, Anschutz Entertainment Group and AEG Live. The agreement can be reached as soon as this week, according to reports.

The concert offers the exhibit came from several other studios, including Viacom Inc. 's (VIA) Paramount, General Electric Co.' s (GE) Universal Pictures, News Corp. 's (NWS) 20. Century Fox and Warner Bros. The bidders were images of the next sample from the beginning of last week. The dress rehearsal for the upcoming tour Jackson was reportedly in the multi-camera, high definition video and multi-track audio, including a 3-D view of a "thriller" inspired haunted mansion.

Award winning studio will enjoy the film with Michael Jackson and AEG Live concert stimulant, and to be good, with more than 100 hours of footage filmed narrative. The new film is expected before the end of the year. AEG tried again a part of the $ 30 million to $ 32 million it spent to produce the concert, Jackson died before 25. June.
Sony is one of preferred providers, such as Sony Pictures' sibling company Sony Music Entertainment includes music rights to Jackson songs, and sells Jackson music. Sony is also 50-50 in a partnership with his property in Sony / ATV Music Publishing. Wealth and AEG Live are also negotiating with several TV and pay-per-view outlets on a TV special that will be a stage show with Jackson's music and dance.

Michael Jackson is reportedly planning to live in a feature film from "That's it" tour rehearsal footage. Michael Jackson 50-show run at the scheduled O2 Arena in London, at the beginning of the 13-July, would be the highest grossing single concert engagement. More than $ 85 million tickets were already sold for a series of performances, and as much as U.S. $ 30 million already in the country of production.

ANS closed Monday's regular trading session at $ 24.63 up $ 0.29, or 1.19% on a volume of 0.84 million shares, higher than the three-month average volume of 1.14 million shares.