Elvis Presley Themed Advertising to Explode
The Elvis estate, along with rights to his the rock legend's name and image, has been sold for $100 million to SFX Entertainment. Lisa Marie Presley agreed last Thursday to sell 85 percent of the estate's assets.
Presley will receive $53 million cash, be absolved of $20 million indebt and get shares in the new company expected to be worth $25 million. Presly, the King's only daughter will retain ownership of Graceland preventing a riot among members of the Elvis religion.
Silverman believes he can increase the revenue of the estate with increased capital and marketing.
by Steve Hall Dec-20-04 Click to Comment
I am the head honcho in my show.."the biggest ELVIS-tribute/show in europe....
"I shure hope they donŽt close down graceland..."
Its not "any" place...ITS THE KINGS HOME"
Lisa-M.. should be ashamed..selling the estate..
IŽll pray for both Lisa-M... and the king himself..
Always youre fan Elvis