Thriller, the Movie? Hera Help Me!

Okay, okay this has to be a joke, right? Thriller, the movie? Yes, Thriller, the movie.
Deadline tells this mess:

I'm told that GK Films is in active negotiations to acquire a package for a film that is being fashioned around his groundbreaking hit song Thriller. The film, which has been quietly shopped over the past several weeks by Real Effects Entertainment, has Kenny Ortega attached to direct, and The Hangover scribe Jeremy Garelick to write the screenplay. 

While GK is in the driver's seat, I'm told that Fox 2000, Mandate/Lionsgate and Summit Entertainment are all in the mix on what will shape up as a pricey rights deal, but which will turn out to be a film budgeted at under $50 million. Plot is being kept under wraps but I understand it has to do with the song's folklore, involving Vincent Price and the town he grew up in. All of this deal making is subject to a deal being completed with Jackson's estate, but that has been in the works for some time and is expected to be sealed. 

My heart is breaking as we speak.