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Old 12-17-2004   #1
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Lisa Marie sells Presley estate

Elvis Presley's estate generated $45m (£23m) in revenue in 2003
Elvis Presley's daughter Lisa Marie Presley has agreed to sell 85% of his estate to businessman Robert FX Sillerman in a deal worth $100m (£51m).
He will run Presley's Memphis home Graceland, will own Elvis' name and likeness, the rights to his photographs and revenue from his music and films.

Lisa Marie will retain possession of Graceland and many of her father's "personal effects".

Mr Sillerman founded music and sports promotion agency SFX Entertainment.

'Most significant icon'

Presley starred in 31 films and has sold over a billion records. More than 600,000 people visit Graceland each year, where the singer died in 1977.

Elvis Presley Enterprises generated $45m (£23m) in revenue in 2003 and $38m (£19m) from January to September this year.


My greatest responsibility to my father is to preserve and protect his legacy

Lisa Marie Presley
Mr Sillerman called Presley the "most significant icon in American pop culture" and said more aggressive marketing could make him an even bigger earner.

As Presley's only child, Lisa Marie is the sole heir to the estate, most of which is now to become part of a publicly-traded company that will be called CKX Inc.

Lisa Marie Presley said: "My greatest responsibility to my father is to preserve and protect his legacy, and this is an exciting new structure that opens up an incredible array of opportunities."

Debts cleared

The agreement will pay her $53m (£27m) in cash and absolve her of $25m (£12m) in debts owed by the estate. She will also receive shares in the new company expected to be worth more than $20m (£10m).

Lisa Marie Presley, who was previously married to pop singer Michael Jackson and actor Nicolas Cage, launched her own recording career in 2003.

Actress Priscilla Presley, Lisa Marie's mother and Presley's former wife, will remain executive consultant to the business.

Sillerman said he expected the sale to be completed within two months, pending standard regulatory approval.


http://news.bbc.co.uk/2/hi/entertainment/4104203.stm


Thta seems a hell of a bargain when you look at the numbers
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Old 12-17-2004   #2
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Quote:
Originally posted by Bishop@Dec 17 2004, 11:38 AM
I wonder who has the rights to all his albums..
Probably the nerd who bought the virtual island.
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Old 12-17-2004   #3
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Quote:
Originally posted by Timon@Dec 17 2004, 07:53 AM
The estate made $45m in one year and she sells for only $100m?

That just doesn't make any sense....
Exactly!!!


at 45m , plus factor in growth..which you know there is gonna be.

It had to be worth 750m to 1b

Fuck !!!
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Old 12-17-2004   #4
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WOW! I would have thought his estate would be worth more than that. The right to use his likeness.. that has got to be worth a fortune.

I wonder who has the rights to all his albums..
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Old 12-17-2004   #5
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Quote:
Originally posted by Evil Chris+Dec 17 2004, 09:54 AM-->
QUOTE (Evil Chris @ Dec 17 2004, 09:54 AM)
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Old 12-17-2004   #6
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The estate made $45m in one year and she sells for only $100m?

That just doesn't make any sense....
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Old 12-17-2004   #7
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Quote:
Originally posted by Timon@Dec 17 2004, 07:53 AM
The estate made $45m in one year and she sells for only $100m?

That just doesn't make any sense....
Obviously she cant handle money, the estate was 25 mill in debt................
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Old 12-17-2004   #8
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Quote:
Originally posted by JFK+Dec 17 2004, 12:47 PM-->
QUOTE (JFK @ Dec 17 2004, 12:47 PM)
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Old 12-17-2004   #9
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Damn.. someone got a hell of a deal!
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Old 12-17-2004   #10
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Quote:
Originally posted by JFK+Dec 17 2004, 09:47 AM-->
QUOTE (JFK @ Dec 17 2004, 09:47 AM)
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Old 12-18-2004   #11
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Whole thing seems strange......

Me smells sex scandal - love child - blackmail....something like that.

Deal of the decade!
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Old 12-18-2004   #12
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Quote:
IBill is the largest processor of credit-card payments for the purchase of dirty digital pictures (see "Visa's Porn Crackdown"). It is literally the engine of paid Internet porn. The company had successfully operated anonymously behind the scenes until 2002, when Intercept paid $104 million to acquire iBill from its founders.
hehehe, ibill sold for more than the Elvis estate ;-))

Which would YOU rather own?
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Old 12-19-2004   #13
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Quote:
Originally posted by Nickatilynx+Dec 17 2004, 11:21 AM-->
QUOTE (Nickatilynx @ Dec 17 2004, 11:21 AM)
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Old 12-20-2004   #14
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Quote:
Originally posted by Evil Chris+Dec 19 2004, 11:57 PM-->

QUOTE (Evil Chris @ Dec 19 2004, 11:57 PM)
Quote:
Originally posted by Nickatilynx@Dec 17 2004, 11:21 AM
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