You miss him don't you? Well, Sony Pictures decided you miss Michael Jackson enough to put $60 million up for the rights to release This is It. It'll hit theaters in October, and the film will showcase the King of Pop's last rehearsals and behind-the-scenes footage. Here's the news release...

Beginning October 30th, the world will have a front-row seat for Michael Jackson’s final concert, as Sony Pictures Entertainment and Sony Music Entertainment release Michael Jackson's This Is It.

This Is It is being produced with the full support of The Estate of Michael Jackson and will be drawn from hundreds of hours of rehearsal and behind-the-scenes footage, captured in high definition with state-of-the-art digital sound as the late singer was preparing for his concert series in London. The film, which will also offer select sequences in 3-D, will provide a unique career retrospective and feature interviews with some of Jackson's closest friends and creative collaborators.

The announcement was made by Michael Lynton, Chairman and Chief Executive Officer of Sony Pictures Entertainment, Amy Pascal, Co-Chairman of the studio, Rolf Schmidt-Holtz, Chief Executive Officer of Sony Music Entertainment, and Rob Stringer, Chairman of Columbia/Epic Label Group, a subsidiary of Sony Music Entertainment. The companies serve as the principal entertainment divisions of Sony Corporation.

Joining Sony in the announcement was The Estate of Michael Jackson, administered by his longtime attorney John Branca and veteran music executive John McClain, a Jackson family friend for more than 40 years. Proceeds the Estate earns from the film’s release will benefit the Michael Jackson Family Trust, the entity that Mr. Jackson specified in his will is to receive all of his assets.

The rights to the exclusive footage were acquired from AEG Live and The Estate of Michael Jackson. Sony Pictures and Sony Music will co-produce with AEG Live and the Estate, and Sony Pictures will distribute the film worldwide. Randy Phillips and Paul Gongaware of AEG Live will serve as producers of the film.

The majority of the film's footage was shot in June, 2009 at STAPLES Center in Los Angeles, California, and The Forum in Inglewood, California, as Jackson prepared for "This Is It," the series of fifty concerts Jackson planned to present at the O2 Arena in London.

This Is It will offer Jackson fans and music lovers worldwide a rare, behind-the-scenes look at the performer, his career, and the stage spectacular that would have been. The film will provide moviegoers with an unforgettable front row experience compiled from extensive footage that shows Jackson's meticulous preparation for his 2009 London shows.

Said Branca, “Our goal is to work with partners who treat Michael’s legacy with dignity and respect, while allowing us to substantially build the value of his estate for the benefit of Mrs. Katherine Jackson, Michael’s three children and the charitable causes that meant so much to him during his life. We are confident we found the right partners for this project in Sony Pictures Entertainment and Sony Music Entertainment. Sony and Michael enjoyed a long and mutually beneficial history together, and it’s only fitting that the relationship continues.”

Said McClain, “This film is not only a tribute to an artist who created excitement every moment he was on stage, but also is a fitting gift to the millions of fans worldwide who loved him and who he devoted his professional life to entertaining. John and I are thrilled to be working with Sony to build on Michael’s musical legacy in a way that will generate significant proceeds for his family and for children in need.”

"People who have seen this footage are astounded by the amazing quality of Michael Jackson's performance," said Lynton. "This historic recording of the last time he sang and danced on stage shows the legendary artist in an incredibly powerful way, with crystal clear images and sound. We understand the importance of producing a film that pays tribute to Michael as an artist, and are honored to work with the Estate of Michael Jackson to give audiences the gift of his final performances. I know this film will serve as further proof that Michael Jackson is one of the greatest entertainers who ever graced a stage."

"Michael lives on through his songs, his creative genius, his body of work and his passion for his art," said Rob Stringer. "He was a perfectionist on stage and through this unique film, audiences will be able to see, many for the first time, how much Michael poured into making his performances as special as they were perfect."

Said Kenny Ortega, director of and Jackson’s creative partner on the This Is It concert, “The world will see what our team was so fortunate to experience, which was the full commitment, passion and creativity that Michael put into this project. He was the architect of This Is It, and we were his builders. The footage that was captured from the early stages of the production to our technical rehearsals at the STAPLES Center in L.A. will show Michael as he truly was, creatively involved with every aspect of the production, from the staging and choreography, to the music, lighting, production design and conception of the original short films and video backdrops. It will also show Michael as one of the greatest entertainers in the world and one of the industry's most creative minds. This Is It was Michael’s last theatrical work and although it was still a work in progress, I think the footage will show that the process was something that Michael deeply enjoyed and that it was clear that he was on his way to another theatrical triumph.”

In the coming weeks, additional information about the film will be available at www.michaeljackson.com.

Peter Schlessel, President of Worldwide Affairs, negotiated for the footage on behalf of Sony Pictures. Branca represented The Estate of Michael Jackson.

Michael Jackson, one of the most widely beloved entertainers and profoundly influential artists of all-time, leaves an indelible imprint on popular music and culture.

Five of Jackson's solo albums - "Off the Wall," "Thriller," "Bad," "Dangerous" and "HIStory," all with Epic Records, a Sony Music label - are among the top-sellers of all time and “Thriller” holds the distinction as the largest selling album worldwide in the history of the recording industry with more than 70 million units sold. Additionally, singles released from the Thriller album sold more than 100 million copies worldwide, another all time record.

During his extraordinary career, he sold an estimated 750 million records worldwide, released 13 No.1 singles and became one of a handful of artists to be inducted twice into the Rock and Roll Hall of Fame. The Guinness Book of World Records recognized Jackson as the Most Successful Entertainer of All Time and "Thriller" as the Biggest Selling Album of All Time. Jackson won 13 Grammy Awards and received the American Music Award's Artist of the Century Award.

Michael Jackson started in the music business at the age of 11 with his brothers as a member of the Jackson 5. In the early 1980s, he defined the art form of music video with such ground-breaking videos as "Billie Jean," "Beat It" and the epic "Thriller." Jackson's sound, style and dance moves inspired subsequent generations of pop, soul, R&B and hip-hop artists.