Elvis Presley's Graceland
mansion along with his music and rights to his image are up for sale in a
130million-pound deal, which could see The King appear "live" on
stage more than 35 years after he died.
American owner Core Media
Group is offering a package that includes royalty rights to 24 of the star's
films and numerous TV appearances, the Daily express reported.
The package also includes
Muhammad Ali Enterprises, which controls all rights to the 71-year-old boxing
legend's archives and memorabilia.
Los Angeles-based media
analyst Mike Raia told the publication that this could be one of the sweetest
deals for a prospective buyer in the history of entertainment and sports
acquisitions.
Raia said that Elvis is still
worth as much as 40million pounds a year in revenue, mainly through the
550,000-plus tourists, who visit Graceland annually.
Raia said that the
opportunities for a serious buyer could be enormous, as there are already
detailed plans for an Elvis-themed hotel near Graceland.
"Other future revenue
sources include a tribute stage show in an Asian casino hub such as Macau and a
massive expansion of Elvis-themed digital and social media projects," the
media analyst said.
Jack Soden, chief executive of
Elvis Enterprises, which was bought by Core from the Presley family for about
66million dollars in 2004, believes that the virtual technology could even lead
to Presley going on tour again, at least in the shape of his digital image.
This could probably mean fans can
once again watch a young and lean Presle "perform" around the world.
Members of the Presley family,
led by his daughter Lisa Marie, 45, will retain their 15 per cent shareholding
as a condition of the sale, irrespective of the buyer.
Presley's Enterprises includes
copyrights and royalties for 1,150 songs, his films as well 110,000 pieces of
memorabilia including costumes and cars.
The Graceland estate in
Memphis, Tennessee was bought by Presley for his parents for around 66,000
pounds in 1957.
He died there 20 years later
aged 42. (Source)
http://www.realbollywood.com/2013/05/late-elvis-presley-live-stage-selloff-130m-pounds-kingdom.html
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