Buying the Elvis Estate
Elvis is the highest-earning dead celebrity for the fifth consecutive year according to Forbes. The Elvis estate brought in about $40 million last year.
Robert Sillerman, a billionaire media entrepreneur who owns American Idol — the hugely successful equivalent of Pop Idol in Britain — paid $114 million (£65 million) last year for an 85 per cent stake in Elvis Presley Enterprises, which is run by the Presley family. He got control of Graceland, the King’s home in Memphis, Tennessee, and control of his name and likeness, but not his music.
Posted by Jill Fallon on April 22, 2006 at 1:49 PM | Permalink | TrackBack
