Hatrack River Forum: Elvis's IPO

This is topic Elvis's IPO in forum Books, Films, Food and Culture at Hatrack River Forum.

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Posted by Dagonee (Member # 5818) on :

OK, so it's not really an IPO. But yowza - can't the poor man rest in peace?
Lisa Marie Presley Selling Elvis Estate

quote:
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.

Dagonee

Posted by lem (Member # 6914) on :

Does this mean we are going to get MORE commercialized Elvis? [Eek!]

I mean, Bubba-Ho-Tep had it's moments but let the ol' man rest already.

[ December 17, 2004, 11:19 AM: Message edited by: lem ]