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It has been reported that a film is to be released of the final footage from Michael Jackson's rehearsals for his This Is It concerts, with some of the proceeds to go to charity.

Sony Pictures is in final negotiations to acquire the film – at a price of $60 million – with 90% of the profits to go to the Jackson Estate, which will include a charity to be set up in the King of Pop’s name.

Jackson was a huge supporter of charities in his lifetime, and his family hopes to keep his memory alive with the new charity. The singer often visited underprivileged children and children affected by disasters and in hospitals, and worked with organizations such as the Jane Goodall Institute, the TJ Martell Foundation, the United Negro College Fund, the Michael Jackson Burn Center for Children, the Prince's Trust, the Great Ormond Street Hospital, Childhelp USA, Ronald McDonald House Charities, Make-A-Wish Foundation, Boys' and Girls' Clubs of America, Children's Defense Fund, Elizabeth Taylor’s AIDS Foundation and many more.

The film is set for release on October 30.

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