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Who owns the rights to Elvis Presley’s music royalties and estate?
Intermittent revenue boosts are vital for investors who have invested millions in Presley's estate. Back in 2005, Elvis' daughter, Lisa Marie, sold 85% of Elvis Presley Enterprises to CKX, headed by Robert F.X. Sillerman, whose company SFX merged concert promoters and was later sold to Clear ChannelRead more
Intermittent revenue boosts are vital for investors who have invested millions in Presley’s estate. Back in 2005, Elvis’ daughter, Lisa Marie, sold 85% of Elvis Presley Enterprises to CKX, headed by Robert F.X. Sillerman, whose company SFX merged concert promoters and was later sold to Clear Channel Communications, eventually becoming Live Nation, for a hefty $100 million. Mark Roesler of CMG Worldwide, representing notable estates like Marilyn Monroe and Jackie Robinson, believes that at the time, CKX may have paid too much. In 2011, a private equity firm acquired CKX, then transferred the Presley licensing rights to Authentic Brands Group for around $145 million.
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