Leaving Nerverland is said to be a four-hour film that exposes sexual abuse allegations made by Wade Robson and James Safechuck- where they allege they had sexual relations with the late star from as young as 7 and 10.
However, despite it being well received at the film festival, the estate has since issued a full statement denying the allegations, calling the filmmakers "admitted liars".
The statement said: "Leaving Neverland isn’t a documentary, it is the kind of tabloid character assassination Michael Jackson endured in life, and now in death. The film takes uncorroborated allegations that supposedly happened 20 years ago and treats them as fact.
"These claims were the basis of lawsuits filed by these two admitted liars which were ultimately dismissed by a judge. The two accusers testified under oath that these events never occurred. They have provided no independent evidence and absolutely no proof in support of their accusations, which means the entire film hinges solely on the word of two perjurers."
The estate then goes on to point out the director's admission that the documentary only focused on the accusers and their families and "intentionally avoided" interviewing people who were close to Michael.
They continued: "By choosing not to include any of these independent voices who might challenge the narrative that he was determined to sell, the director neglected fact checking so he could craft a narrative so blatantly one-sided that viewers never get anything close to a balanced portrait."
According to FOX News, Wade and James had denied claims and defended Michael during his 1993 and 2003 trials for child molestation, however changed their stance when they sued the Jackson estate in 2013 and 2014.
Clearly on the attack, the late star's estate later claims that it was Robson's rejection from starring in a Michael Jackson themed Cirque Du Soleil production that saw him change his tune.
They revealed: "For 20 years, Wade Robson denied in court and in numerous interviews, including after Michael passed, that he was a victim and stated he was grateful for everything Michael had done for him. His family benefited from Michael’s kindness, generosity and career support up until Michael’s death.
"Conveniently left out of Leaving Neverland was the fact that when Robson was denied a role in a Michael Jackson themed Cirque du Soleil production, his assault allegations suddenly emerged."
They ended the statement by reinstating their claim that the allegations had been brought up again in a pursuit for money.
They said: "Despite all the disingenuous denials made that this is not about money, it has always been about money – millions of dollars — dating back to 2013 when both Wade Robson and James Safechuck, who share the same law firm, launched their unsuccessful claims against Michael’s Estate.
"Now that Michael is no longer here to defend himself, Robson, Safechuck and their lawyers continue their efforts to achieve notoriety and a payday by smearing him with the same allegations a jury found him innocent of when he was alive."
This isn't the first time that the estate have issued a statement hitting back at Leaving Neverland either.
Earlier this month, prior to the film's debut, the estate called it "yet another lurid production".
The representatives issued a statement at the time, saying: "This is yet another lurid production in an outrageous and pathetic attempt to exploit and cash in on Michael Jackson."
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