Michael Jackson "This Is It Movie"

October 15, 2009, (Splash News) - Michael Jackson's new This Is It movie could make a staggering $250m in its first week when it is released later this month.

Concert promoters AEG sold rights to the late star's concert rehearsal footage for $60m to Sony Pictures.

Now studio insiders say that the movie could out-sell Harry Potter And The Half Blood Prince, Transformers 2: Revenge Of The Fallen, and Star Trek.

The movie is already number one in ticket sales on online ticket site Fandango with two weeks until its release.

Camera crews shot more than 100 hours of footage as Jackson prepared for his 50-date comeback tour at London's O2 Arena.

Insiders say that Jackson demanded the recordings because he wanted them for his personal collection.