FROM MTV.COM: Sony Pictures is finalizing a deal to acquire rehearsal footage from Michael Jackson's This Is It concert run, with hopes of releasing it in theaters just in time for Halloween, according to Variety.

Sony is reportedly paying close to $60 million for the 80 hours of rehearsal footage shot at Staples Center in Los Angeles. The footage is currently owned by AEG Entertainment, who were promoting Jackson's run of 50 shows at London's O2 Arena.

"High School Musical" director Kenny Ortega, who shot the rehearsal footage, will reportedly also sort through it to assemble the film, which Sony plans on having in theaters on October 30. Variety claims the film will feature "at least three" videos, including an alternative version of "Thriller," which was intended to be an interstitial video during Jackson's O2 shows.

Continue reading Michael Jackson Film To Hit Theaters This Halloween

Will Smith is no stranger to playing heroes. With the exception of "Ali" however, they've all been fictional do-gooders who save the world from CGI hordes. Well Smith is heading back into the real world with his latest project, as Variety reports that Smith is set to tell the story of a Hurricane Katrina hero.

Sony, with Smith's Overbrook Entertainment, have obtained the rights to the life story of John Keller, an ex-Marine who was nicknamed "The Can Man" by New Orleans press. Keller resided in the American Can Company apartments; when the hurricane hit and flooded the building beneath 11 feet of water, he stood guard against looters and troublemakers. Keller also hot-wired cars and boats in order to get to the grocery store so he could provide neighbors with food. Read more...