Still thrilling us: Michael Jackson's iconic and landmark Thriller video is coming back in 3D...

Back in 1983, just as MTV was gaining its full head of steam, Thriller cost a then-whopping $500,000.

At the time, that was more than 10 times the amount of the average of video.

But it was a slam dunk bet; Jackson was just coming off the multiple-Grammy winning, humongously popular album of the same name. 

In fact, the album went on to sell more than 51 million copies, making it the most popular record of all time

Giant smashes like Billie Jean and Beat It had propelled him into the stratosphere to become the biggest star on the planet.

That's why the video has endured, and it was even inducted into the National Film Registry in 2009 by the Library of Congress, an honour usually reserved for traditional movies. 

The news comes as Landis has ended his dispute with the Jackson family that involved payment for his services on the original project.

But that's all over, so Thriller is coming back.

'That lawsuit went on for so many years, (but) we settled and they paid me finally,' Landis said. 

Scary but charming: Jackson tried to court Ola Ray at the beginning, before he turned into a zombie

So how will it look after all of this work is complete?

'It is going to reappear in a highly polished and three-dimensional way that is very exciting on the big screen,' Landis said, without giving away too much. 

With the re-release scheduled and renewed interest in everything Michael Jackson since his death in 2009, there could be a renaissance for Thriller that goes beyond the video. 

Humongous: The album of the same name is the best-selling album of all time, with more

than 51 million copies sold

It's been rumoured that the Jackson estate has always thought that the song and video lend themselves to a whole host of media.

That includes games, theme parks and other movie and TV projects.

There have also been constant rumours that Broadway is a potential landing place for the Jackson song library.