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.
Sillerman founded SFX Entertainment in 1977 and ran the company until it was bought by Clear Channel Communications in 2000.
It looks to be a sweet deal for Lisa Marie, and hopefully Sillerman will have similar success. The question is what will happen when Sillerman moves on to another venture…
Imagine Clear Channel, even bigger than it already is.
The world is ending, isn’t it?