Michael Jackson could "buy" to Elvis Presley

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Offline marumjj

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Michael Jackson could "buy" to Elvis Presley

  • on: September 11, 2013, 07:26:53 PM
Michael Jackson could "buy" to Elvis Presley
Wednesday, September 4, 2013
Economy and Business

The investment group that controls the legacy of the King of Pop is about to acquire the assets and licenses of the King of Rock. Verizon bought Vodafone, Microsoft did the same with Nokia and now Michael Jackson is preparing to buy Elvis Presley.

Strangely enough, both music stars are more alive than ever, at least commercially. So, it was reported that The Estate of Michael Jackson-the investment group that manages the legacy of the King of Pop, is on the verge of complete the sale of Elvis Enterprises, the group that manages the assets of the King of Rock.

According to press reports, the negotiations on the assets, which include Graceland, The Heartbreak Hotel, the late singer's clothes, cars, planes and rights of many songs of Elvis-are at a crucial point and still could break.

The agreement has good prospects because The Estate of Michael Jackson also owns 50% of Sony / ATV, the music publishing arm of Sony, which in turn owns the publishing rights to the songs of Elvis.

The investment group King of Pop is not the only one interested in the property of Elvis. As known, are also behind those assets Universal Music Group and apparel giant Iconix.
Beyond the grave


Any company that kept the legacy of Elvis will have to work hard to polish the Elvis brand, which last year won $ 55 million, versus the $ 60 million generated in 2010. According to Forbes, much of the decrease is related to the closing show "Viva Elvis" Cirque du Soleil in Las Vegas.

For reference, according to Forbes, administrators legacy of Elizabeth Taylor earned $ 210 million in 2012, while the figure of Jackson generated $ 145 million.

http://www.economiaynegocios.cl/noticias/noticias.asp?id=112087

Offline Snoopy71

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Re: Michael Jackson could "buy" to Elvis Presley

  • on: September 11, 2013, 08:51:01 PM
Mikey just can't let it go...That man is like a dog with a bone! :icon_lol:

He is determined to have Graceland and all that goes with it, with or without LMP!

Offline paula-c

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Offline bec

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Re: Michael Jackson could "buy" to Elvis Presley

  • on: September 12, 2013, 01:21:06 AM
I don't think they own it paula :icon_e_confused:
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Offline marumjj

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Re: Michael Jackson could "buy" to Elvis Presley

  • on: September 12, 2013, 08:34:29 PM
I don't think they own it paula :icon_e_confused:

according to wikipedia:
In early August 2005, Lisa Marie Presley sold 85% of the business side of her father's estate. She kept the Graceland property itself, as well as the bulk of the possessions found Therein, and she turned over the management of Graceland to CKX, Inc., an entertainment company (on Whose board of directors Priscilla Presley sits) That Also owns 19 Entertainment , creator of the American Idol TV show.