Kenny Ortega is attached to direct the film, while The Hangover writer Jeremy Garelick pens the script. The plot is being kept secret, but Mandate/Lionsgate and Summit Entertainment are involved in what will end up as a pricey rights deal that will cap the film's budget at $50 million.
Rumor has it that the movie will center on Vincent Price and the town he grew up in. The Jackson estate has to sign off od the deal, but that has been in the works for some time and is expected to be done shortly.
But we'll be seeing much more of Michael's work soon! Cirque du Soleil is in talks to do two live shows based on his music, while Ivan Reitman and Tom Pollock have a feature about Michael's younger years in the works.