Coming Soon: Michael Jackson, The Movie?

Jul. 20 2009, Updated 9:39 a.m. ET

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A feature film based on Michael Jackson -- using more than 80 hours of footage from his rehearsals for the 50-date London series the King of Pop was working toward before his death -- is in the works.

Sony Pictures Entertainment, according to Variety blogger Mike Fleming, is negotiating with AEG Entertainment, which has been showcasing the footage to studios; it is believed Sony will pay about $50 million for the footage. Kenny Ortega, the director of the High School Musical films, will reportedly direct.

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The film, Variety reported, will also include a previously unseen version of Jackson's blockbuster hit video, 'Thriller'.

Jackson died after suffering a sudden cardiac arrest June 25 in Los Angeles.

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