Sony Corp. has bid $50 million for the distribution rights
Sony Corp. has reportedly made a $50 million bid for the global rights to about 80 hours of Michael Jackson rehearsal footage. The rights to the tapes — several studios have reportedly shown interest — will allow the winning studio to co-produce a film with Jackson’s estate and his concert promoter, AEG Live, which had poured about $30 million into Jackson’s world tour before it was cancelled following his death last month.