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25.10.07 1201
The 7 - Music - Lisa Marie sells off Elvis Estate Register and log in to post!
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StaggerLee
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#1 Posted on 17.12.04 0839.59
Reposted on: 17.12.11 0840.12
http://apnews.myway.com/article/20041217/D8714BDG0.html



    MEMPHIS, Tenn. (AP) - Lisa Marie Presley is keeping Graceland but selling the bulk of the Elvis estate, including rights to her father's name and image, in a deal worth approximately $100 million.

    Elvis Presley Enterprises Inc. announced an agreement Thursday to sell 85 percent of its assets to businessman Robert F.X. Sillerman, founder of music and sports promoter SFX Entertainment.

    The Presley estate brought in almost $45 million last year. Sillerman said more aggressive marketing, supported by capital raised through a new publicly traded company, can make Elvis an even bigger earner.



Now, if you can make even HALF of the $45million they made last year, in four years, its already a great deal. Dont understand why she would sell off the rights to everything.
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Packman V2
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#2 Posted on 17.12.04 0930.44
Reposted on: 17.12.11 0930.52
I guess the singing career didn't pan out.
too-old-now
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#3 Posted on 20.12.04 1625.33
Reposted on: 20.12.11 1625.44
I wouldn't think Lisa Marie is trying to raise cash to help out her ex-husband Michael Jackson, would she?
Big Bad
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#4 Posted on 21.12.04 0355.16
Reposted on: 21.12.11 0355.19
Man, I love corporate-speak. Yeah, it really takes a lot of "aggressive marketing" to promote freakin' ELVIS. Barring another greatest hits album or a return of the Honky Tonk Man, I don't see what SFX can do.
Mr Heel II
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#5 Posted on 23.12.04 1238.32
Reposted on: 23.12.11 1239.09
    Originally posted by StaggerLee
    Now, if you can make even HALF of the $45million they made last year, in four years, its already a great deal.
TOO great a deal. They got a bargain.

I bet we see a license for an Elvis video game in the next year or two...
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