A documentary chronicling Michael Jackson's final days under negotiation

Sony Pictures is negotiating to pony up a whopping $50 million to concert promoter AEG Live to release a feature-film documentary chronicling Michael Jackson's final days.

Kenny Ortega, the acclaimed director and
choreographer behind the High School Musical flicks who was mounting the King of Pop's "This Is It" megaresidency set for London's O2 Arena before the latter's sudden death, is said to be hard at work cutting the behind-the-scenes together.

But the good news for AEG is that with O2 gigs now scuttled, Ortega now has plenty of time to edit the highly anticipated concert film before he beats it to work on a big-screen redo of Footloose.

An insider privy to the confidential negotiations tells E! News that talks are ongoing but stressed that Sony is up against several rival studios—including Universal, Fox, Warner Bros. and Paramount Pictures—also bidding for distribution rights. A winner could be announced as early as this week.
[eOnline]