Michael Jackson could live again on the big screen -- TMZ has learned a former Jackson associate is trying to tindahan around a full-length movie featuring unseen rehearsal footage from MJ's 1981 konsiyerto series.



The man behind the deal is Ron Newt -- who claims he was so close with Michael, that the singer gave him special behind-the-scenes footage from Jackson's 1981 Triumph Tour.

Now, after seeing the success of "This Is It " -- Newt tells TMZ he's put together a 64-minute feature film from his footage ... which includes several candid moments involving MJ and his brothers. Michael can also be seen dancing, pag-awit and directing the stage production.

Newt tells us he's already getting offers from several interested parties -- with proposals reaching into seven figures.