Anschutz Entertainment Group has begun the process of recouping some of its losses after Michael Jackson’s death derailed plans for a lucrative 50-night series of concerts at its O2 Arena in London.

Los Angeles Superior Court Judge Michael Beckloff this week approved a $60m deal in which Columbia Pictures, a division of Sony, is paying AEG and the Michael Jackson estate to produce a feature-length film from footage shot of the singer as he rehearsed.