The British girl band are feeling inspired after watching the 'This Is It' DVD - which featured rehearsal footage from the late star's planned London residency, which was scheduled to begin just weeks after his death from acute Propofol intoxication last June - and want to make their live shows more of a "spectacle".
Singer Una Healey explained: "We are always dreaming about what we could do as a band. I was watching Michael Jackson's 'This Is It' last night and that would have been one hell of a show. Like MJ showed, it should be all about the spectacle. He can't use them now, so maybe we can steal his ideas.
"It doesn't feel like we are anywhere near where we would love to be. Our journey is only halfway through. We've already started writing songs for album four and our plan is to make at least five albums."
The 'Ego' hitmakers -made up of Una, Mollie King, Frankie Sandford, Vanessa White and Rochelle Wiseman -also insisted fellow five-piece girl band Girls Aloud are not their rivals and they are in favour of female groups dominating the charts.
Mollie added to the Daily Star newspaper: "As far as I'm concerned, girls are dominating and will for a long time. The guys have still got a long way to go. I'm a very girl power person.
"When Girls Aloud return to the scene - and that will hopefully be soon - then there'll be absolutely no competition."