Elvis Presley: sold for $100M
p2pnet.net News:- Elvis may have left the building, but 85% of it now belongs to Robert Sillerman.
The founder of SFX Entertainment, now owned by Clear Channel, bought the controlling interest in Elvis Presley Enterprises from Elvis’ daughter, Lisa Marie Presley, for $100 million.
The deal gives him the rights to use Presley’s name and likeness, as well royalties from music, films and TV specials.
Not bad considering that in TinselTown, $100 million is almost pocket change.
Sillerman’s new company, CKX, will also operate Graceland, says the New York Daily News, “But the actual ownership of the Elvis fan-Mecca as well as Presley’s personal affects, will remain the property of Lisa Marie.”
“If you say Elvis to anybody, they know what you’re talking about,” Sillerman told the Daily News. “He continues to generate the most revenues of any deceased artist.”
And revenue is what counts.
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See:-
$100 million – All shook up over Graceland, New York Daily News, December 16, 2004
December 18th, 2004 at 7:30 pm
So when does Elvis start going into the public domain?
December 18th, 2004 at 8:04 pm
Never, if the record label cartel has anything to do with it.
December 18th, 2004 at 9:14 pm
Elvis blows cock-chunks.
Lisa Marie is a stupid moron. “I’m excited about the new avenues this will open up…” “I need to preserve my father’s legacy”. She’s such a lying gold-digger. Giving up rights to her father’s estate is not preserving any legacies, it’s just allowing her to beef up her bank account. And if she had any brains, she would have hung on to it, as in 3 years it would have generated more than 100million, plus it would have appreciated in value.
She may have made 100 million but she lost another 150 million too.
Hopefully she’ll find her own toilet to sit and die on shortly,
Buck
December 20th, 2004 at 12:28 pm
in europe the single “That’s All Right” will become public domain on 1 january 2005, that is 50 years after its realease.