Wednesday, Sept. 27, 2023 |
Share this story
By the St. Louis Post-Dispatch – December 19, 2004
One reason we’re just wage slaves and not entrepreneurs is that we always thought “Elvis” was a noun – a proper noun at that – most often referring to the late Elvis Presley, who hardly needs an introduction.
But Robert F.X. Sillerman, a New York media entrepreneur, knows differently. There are in this world, he declared, “jurisdictions that are still under-Elvised.”
So on Thursday, Mr. Sillerman announced that he was buying the business that controls Mr. Presley’s name and likeness, a music publishing catalog and rights to operate Graceland, the Memphis mansion where Mr. Presley died in 1977. The seller, in a deal worth about $100 million, was Lisa Marie Presley, the daughter of The King.
The world’s fully-Elvised jurisdictions last year spent $44.9 million on Elvis-related stuff, generating $12 million in profits for Elvis Presley Enterprises, which is a lot of peanut butter-and-nanner sandwiches, as they say at Graceland.
Your email address will not be published. Required fields are marked *
By participating in online discussions you
acknowledge that you have agreed to the TERMS OF SERVICE. An insightful
discussion of ideas and viewpoints is encouraged, but comments must be civil and in good taste, with no personal attacks. If your comments
are inappropriate, you may be banned from posting. To report comments that you believe do not follow our guidelines,
send us an email.