Michael Jackson 'Thriller' Film In the Works: Report

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After the success of posthumous concert film "This Is It" last year, Michael Jackson's music may next hit the big screen in a film version of "Thriller." GK Films is negotiating to acquire the rights to a feature-length adaptation of the song, according to Deadline.com.

Kenny Ortega, who helmed "This Is It" as well as the "High School Musical" films, is reportedly attached to direct, while "The Hangover" writer Jeremy Garelick is pegged to write the screenplay. The film's plot is rumored to revolve around Vincent Price, who narrated the groundbreaking "Thriller" music video in 1983.

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The film, which is being shopped by Real Effects Entertainment, has also reportedly drawn interest from studios like Fox 2000, Summit Entertainment and Mandate/Lionsgate. The project would likely be budgeted at under $50 million -- which is 100 times as much as the $500,000 used to make the 13-minute "Thriller" video.

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The film adaptation would not be the first attempt to recreate the zombie-themed "Thriller" video on a larger scale. Five months before his June 2009 death, Jackson had announced plans to develop the song into a musical theater production after selling the rights to the Nederlander Organization.

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Along with the "Thriller" film production, Cirque du Soleil is crafting two live shows showcasing Jackson's music, to go up in 2011 and 2012.