Could 'Michael Jackson's This Is It' win an Oscar? (AP)

's This Is It" comes too late in the year to be considered for a documentary Oscar, but the film about the late King of Pop's preparations for a series of comeback concerts could qualify for other Hollywood honors, including the Academy Award for best picture.

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The film, which opened around the globe Tuesday and Wednesday has already earned rousing praise from fans and critics, who say it restores Jackson's reputation as a world-class entertainer. Director Kenny Ortega , a longtime Jackson collaborator who was overseeing his London concert comeback, crafted the nearly two-hour film from more than 100 hours of footage recorded during rehearsals for the London shows, which were to have begun in July. Jackson died June 25 at age 50.

Full Story: Could 'Michael Jackson's This Is It' win an Oscar? (AP)