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View Full Version : Mike talks to Bob Sillerman about Graceland



presley31
12-24-2008, 03:13 AM
oBQEgwxECno

Award winning journalist Mike Hegedus visits the owner of Elvis Presley's Graceland.

franny
12-24-2008, 03:23 AM
Thanks, for posting this clip Jen. :)

Sillerman has plans for Graceland, that's for sure...Towards the end, does he say we own Elvis? I may have heard him wrong :lol:

franny

epmoodyblue
12-24-2008, 03:27 AM
thnx 4 clip...:hmm:.......eh how i wish this Bob Sillerman was not in the picture and that elvis was still alive in graceland workin on his christmas tree decorations:newyear:

Diane
12-24-2008, 03:16 PM
Actually Sillerman doesn't own Graceland...Lisa does. He does seem to pay tribute to Elvis but I'm not convinced the $$$ isn't the most important thing about Elvis to him.

Elvis_Lady_1984
12-24-2008, 04:44 PM
Actually Sillerman doesn't own Graceland...Lisa does. He does seem to pay tribute to Elvis but I'm not convinced the $$$ isn't the most important thing about Elvis to him.

Good point Diane, doesn't Lisa own Graceland and the grounds including Meditation Gardens. Thats odd how they say he owns the jungle room and all the rest??? I am confused on this one...anyone help out on it???:hmm:

Tigerman_69
12-24-2008, 05:15 PM
This interview was done back in August 07 during the 30th anniversary and was shown on CSNBC. But alot has changed since then. Time will tell if his vision for Elvis and Graceland becomes a successful reality or wishful fantasy.

KPM
12-24-2008, 08:43 PM
oBQEgwxECno

Award winning journalist Mike Hegedus visits the owner of Elvis Presley's Graceland.
Lisa is the owner of Graceland. Sillerman owns the marketing rights to Elvis's image -which I believe includes a lease agreement on Graceland in the deal-but Lisa owns it and all Elvis's personal property.

Tigerman_69
12-24-2008, 10:22 PM
Lisa is the owner of Graceland. Sillerman owns the marketing rights to Elvis's image -which I believe includes a lease agreement on Graceland in the deal-but Lisa owns it and all Elvis's personal property.
If you mean the planes, cars costumes etc as personal property, then no Lisa doesn't own all that. CKX does. All she owns is the house and the 13.8 acres it sits on that's registered as a historic landmark. Everything else surrounding that estate is the property of CKX.

jeanelvisgirl
12-26-2008, 02:36 PM
I can't warm to this man....even when he's saying he's a fan.....he doesn't own Graceland and I hate to hear him say he owns the King.......

dstrattenfan
12-26-2008, 06:32 PM
Why did Lisa sale it I doubt if money was an issue!

KPM
12-26-2008, 08:09 PM
If you mean the planes, cars costumes etc as personal property, then no Lisa doesn't own all that. CKX does. All she owns is the house and the 13.8 acres it sits on that's registered as a historic landmark. Everything else surrounding that estate is the property of CKX.
I have no doubt about the planes, cars and did not include them in his personal property -but I was under the impression that the jewelry and costumes were personal property? Where did you get this info my friend? Lisa is constantly donating things to be auctioned for charity (or for herself) and have not a jumpsuit, belt, rings, clothing etc.... occasionally been involved?

utmom2008
12-26-2008, 09:41 PM
I was under the impression that the jewelry and costumes were personal property? Where did you get this info my friend?

That has always been my understanding as well Ken...where did the other info come from?:hmm:

Miss Clawdy
12-26-2008, 10:07 PM
I find BS simply disgusting, the way he talks about Elvis, being a fan....I don't believe a single word of it. The only time he seemed to be honest was when he said....maybe we own the king! :supriced:(n) I hope that I have misheard that....
I've never understood why Lisa has sold the whole business and obviously a lot of her father's private things. She would have earned money in any case.

Tigerman_69
12-27-2008, 01:38 AM
I have no doubt about the planes, cars and did not include them in his personal property -but I was under the impression that the jewelry and costumes were personal property? Where did you get this info my friend? Lisa is constantly donating things to be auctioned for charity (or for herself) and have not a jumpsuit, belt, rings, clothing etc.... occasionally been involved?

Part of the 85% of the estate that Robert FX Sillerman owns is the business aspect which includes the memorabilia and archives along with the planes and newly acquired property around Graceland. As far as I know Lisa has not sold off or auctioned any items lately or at least since the buyout. Don't know where you got that from.

Tigerman_69
12-27-2008, 01:40 AM
I find BS simply disgusting, the way he talks about Elvis, being a fan....I don't believe a single word of it. The only time he seemed to be honest was when he said....maybe we own the king! :supriced:(n) I hope that I have misheard that....
I've never understood why Lisa has sold the whole business and obviously a lot of her father's private things. She would have earned money in any case.

He meant they own the naming rights not the man or human. I like how he said it considering Elvis is not the only icon that they own.

presley31
12-27-2008, 01:46 AM
Why did Lisa sale it I doubt if money was an issue!

Here is some information.

Lisa Marie On Estate Sale
By: Elvis Australia
Source: For Elvis Fans Only
January 13, 2005 - 10:25:00 AM


Here is part of an interview Lisa Marie did with Rolling Stone magazine on the Estate Sale. Lisa Marie Presley says she didn't 'go nuts'.
Doing the best thing

When Elvis Presley's daughter Lisa Marie sold eighty-five percent of the multi-million Elvis Presley Estates last month to Robert F.X. Sillerman, the billionaire investor announced his intention to 'take risks on bigger opportunities' with the King's name and image.

Speaking exclusively with Rolling Stone, Presley confesses that the decision to sell was not easy, and expresses confidence in the direction in which Sillerman will take the Elvis brand. 'It's not like I just went nuts and sold it', says Lisa Marie, who in reality spent years searching for the right buyer. 'I don't know if people have this misconception that we're going to build a giant casino on the lawn of Graceland, or that Elvis condoms are going to be mass-distributed throughout the world, but that's not going to happen'.

Sillerman, who will manage the estate through his company CFX, declined to offer specific marketing plans, but he says people shouldn't expect Elvis to start appearing in TV commercials, or that the market will be flooded with T-shirts and mini-Graceland models. 'Less is more', he says. 'I think overexposure diminishes the value of Elvis'. He does, however, see big money in Elvis' future -- he may invest in projects such as Elvis-themed entertainment in Las Vegas or in Japan and Europe, where the King's allure is huge. More than half of the 10 million-plus sales of the 2002 release 30 #1 Hits came from outside America.

Lisa Marie retains fifteen percent of the estate, as well as the deed to Graceland and all of Elvis' personal belongings. She also has veto power over any unorthodox new venture. 'He cannot do anything that hasn't been historically done', Presley says of Sillerman. 'That's the thing we still wanted control of, and that was a big part of our process: 'Is this person going to do something crazy that we have no control over'' No stone was left unturned in making sure that that wasn't the case. That's why it took a long time to find the right person'.

Sillerman bought the bulk of the estate for cash, stocks and debt forgiveness totaling $100 million, including fifty percent of Elvis' publishing rights (the singer sold the majority of his master rights back to RCA in 1973). The mogul -- who sold his massive concert-promotion business, SFX Entertainment, to radio conglomerate Clear Channel in 2001 for more than $4 billion -- plans to form partnerships with a variety of artists through CFX.

Elvis, who would have turned seventy on January 8th, has topped Forbes' list of top dead-celebrity incomes for the past four years; in 2003 the King made a profit of $12 million on nearly $45 million in revenues, mostly generated from merchandising and Graceland tourism. In December, a fan in North Carolina used eBay to sell some water from a Styrofoam cup that Elvis supposedly drank from -- for $455. (He recently sold an appearance by the cup itself. Winning bid: $305.)

Though some fans on Elvis Web sites have expressed outrage over the estate's sale, Lisa Marie says her father would be pleased.

'Would he have wanted me to do the best thing for the future, for expanding the estate, for protecting his family?' she asks. 'The answer would have been yes.

source: http://www.elvis.com.au/presley/lisa_marie_on_estate_sale.shtml

utmom2008
12-27-2008, 03:33 AM
Lisa is the owner of Graceland. Sillerman owns the marketing rights to Elvis's image -which I believe includes a lease agreement on Graceland in the deal-but Lisa owns it and all Elvis's personal property.


If you mean the planes, cars costumes etc as personal property, then no Lisa doesn't own all that. CKX does. All she owns is the house and the 13.8 acres it sits on that's registered as a historic landmark.



Lisa Marie retains fifteen percent of the estate, as well as the deed to Graceland and all of Elvis' personal belongings.

So......can someone please clear up what is meant by "personal belongings"?:hmm:

franny
12-27-2008, 04:00 AM
I find BS simply disgusting, the way he talks about Elvis, being a fan....I don't believe a single word of it. The only time he seemed to be honest was when he said....maybe we own the king! :supriced:(n) I hope that I have misheard that....
I've never understood why Lisa has sold the whole business and obviously a lot of her father's private things. She would have earned money in any case.

I so agree with you, Tina. (y) Plus his initials really fit (BS) :lol:
Yes, why did Lisa sell?? :blink:

I asked that same question, did he really say...maybe we own the king?

franny

utmom2008
12-27-2008, 04:02 AM
Plus his initials really fit (BS) :lol:
franny

:lmfao: :lmfao: :lmfao:(y)(y)(y)

franny
12-27-2008, 04:04 AM
So......can someone please clear up what is meant by "personal belongings"?:hmm:

Good question, Rosanne. (y) What does that include? I would like to know as well.

franny

presley31
12-27-2008, 04:12 AM
This stands out as unique. I have never had one single boring day." Soden, who will continue running EPE in the new company, enhanced the Elvis business by expanding into merchandising and licensing. Even so, says Lisa Presley, "there's only so far you can take a family-run business. What we wanted to do was to take this to another level." Lisa says that she, her mother, and Soden had spoken for years about bringing in outside investors and/or management, but nothing clicked.

Then, Lisa says, the failure of the Elvis Presley's Memphis restaurant on Beale Street in 2003 made matters urgent. "We took on more debt than I felt comfortable with," she says. But an informed source says that Lisa Presley's spending habits were also an issue: She had been running through $5 million to $7 million a year, amounts that closely matched the annual net income of EPE. (A spokesman for Lisa Presley declined to comment.)

Sillerman, who had extensive exposure to the rock & roll business as a radio executive and concert promoter, realized that owning the rights to a rock act could be a great business. But it had to be a biggie to make economic sense. "We thought there were only three rock groups worth owning," says a source in Sillerman's camp, "Elvis, the Beatles, and the Stones. Elvis was available."

(Note: CKX also recently bought MBST, a small talent agency in L.A., which does advisory work for the Beatles' company, so stay tuned.) Late last year Lisa Presley flew to New York to meet Sillerman face to face. "I liked him," she says. "He's obviously smart, and he doesn't b.s. around." As for Sillerman's take on Lisa: "I was impressed with how 'real' and grounded she was. Recognizing the environment she was raised in, I thought she was astounding. I also thought she was shrewd and perceptive. And she had a great sense of humor." Here then are the terms of the deal between Sillerman and Lisa Presley: CKX paid $114 million for an 85% interest in Elvis Presley Enterprises; Lisa retains the other 15%.

Lisa received $50 million in cash, plus $26 million in CKX common and preferred stock. Another $25 million from CKX went to pay off EPE debt. And $6.5 million went to Priscilla Presley for use of the family name—even though Sillerman wasn't legally obligated to pay her anything, since Priscilla and Elvis were divorced, and Elvis's estate went to Lisa Marie. The payment will no doubt make it easier for Sillerman to call Priscilla up and ask her to come to a ribbon cutting of a new Elvis property, for instance. (The balance is transaction costs.) For its money, CKX got a 90-year lease on Graceland, stipulating, among other things, that the premises may not be used as "a massage parlor, a mortuary, or [for] the manufacture, sale, or distribution of feminine hygiene products." (Gives you an idea of how much attention Lisa and Soden pay to protecting Elvis's image.)

CKX has the rights to the Elvis name, image, likeness, and trademark, which are currently used in 100 or so merchandising and licensing deals. CKX also gets the publishing rights to 650 songs, but owns the more valuable royalty rights to only the few songs Elvis recorded after 1973. CKX also gets royalty rights to 24 Elvis movies.

I ask Lisa about Sillerman's plans. "He doesn't want to mess with anything. He wants to do what we want to do." Like what? "I don't want to be like Martha Stewart and talk about what I shouldn't," Lisa says with a chuckle. Speak with executives at Graceland and in New York, though, and it quickly becomes obvious how they want to further elevate the King. Yes, Elvis's core fans are aging, but young people still are drawn to the man with the oversized Q-rating. Even very young people.

http://www.elvisinfonet.com/saleofepe_sillerman_fortune_2005.html

franny
12-27-2008, 04:15 AM
Thanks, for posting Jen.


Then, Lisa says, the failure of the Elvis Presley's Memphis restaurant on Beale Street in 2003 made matters urgent. "We took on more debt than I felt comfortable with," she says. But an informed source says that Lisa Presley's spending habits were also an issue: She had been running through $5 million to $7 million a year, amounts that closely matched the annual net income of EPE. (A spokesman for Lisa Presley declined to comment.)

Lisa had some big spending habits, by the sounds of it lol

franny

GraceeD1970
12-27-2008, 04:20 AM
I find it fascinating that EPE was in debt.

dstrattenfan
12-27-2008, 04:40 AM
Well I guess her spending habits is one thing she got from her daddy:blush:

epmoodyblue
12-27-2008, 04:49 AM
Sillerblahman(n)

midnight
12-27-2008, 05:11 AM
Sillerman is only interested in one thing about Elvis and that is the business of making money off his name. It is so sad to think that in many ways today Elvis is just thought of has a business and not the warm, giving, living, breathing human being that he was.

Tigerman_69
12-27-2008, 05:25 AM
Don't be expecting any changes to Graceland or the area anytime soon, which means more crime to come. http://www.memphisdailynews.com/editorial/Article.aspx?id=40108

KPM
12-27-2008, 10:15 PM
I find it fascinating that EPE was in debt.
Thats really not unusual-companies almost always borrow to make improvements rather than use your own operating capital. Debt acquired to make capital improvements is considered healthy.
I posted something a while back on that debt in another thread and the debt was mainly due to buying property over the years which was worth the amount borrowed-I would have to look up that thread to get the exact details.

Jungleroom76
12-28-2008, 12:37 AM
I can't warm to this man....even when he's saying he's a fan.....he doesn't own Graceland and I hate to hear him say he owns the King.......

I'm with you jeanelvisgirl!!! :'(

The more I hear from this man, the more I am completely unimpressed....especially when he says that he "owns" Elvis. (n)

As for his plans for Graceland....I guess I'll believe it when I see it, but so far all I can say about Mr. Sillerman is that I would like "A Little Less Conversation, A little more action please..." :blush:

TCB!
Mike

KPM
12-28-2008, 12:46 AM
Don't be expecting any changes to Graceland or the area anytime soon, which means more crime to come. http://www.memphisdailynews.com/editorial/Article.aspx?id=40108
Most of us just take a -when it happens it happens attitude. The hype of Sillerman is not a real concern IMO
And actually the crime rate in Memphis is not a problem that EPE or Sillerman is suppose to be dealing with-thats the citys and counties problem and they should deal with it- whether there is a huge Graceland expansion or not. At times it almost sounds like the city has no plans for anything unless it starts with Graceland.
For any municipality to depend on a private corporation to somehow have bring down the crime rate is just not reality. The states, cities and counties are the ones who should be developing plans and methods to bring down crime.

Tigerman_69
12-28-2008, 02:05 AM
Most of us just take a -when it happens it happens attitude. The hype of Sillerman is not a real concern IMO
And actually the crime rate in Memphis is not a problem that EPE or Sillerman is suppose to be dealing with-thats the citys and counties problem and they should deal with it- whether there is a huge Graceland expansion or not. At times it almost sounds like the city has no plans for anything unless it starts with Graceland.
For any municipality to depend on a private corporation to somehow have bring down the crime rate is just not reality. The states, cities and counties are the ones who should be developing plans and methods to bring down crime.

I know it's not Graceland's problem to handle. I'm from Memphis. But I do know that crime is vastly rising throughout the city and in South Memphis, especially around Graceland and it's caused the attendance rate to drop because of it. In fact the other day there was a daycare worker raped at a daycare in Whitehaven and they caught the guy who did it just feet from Graceland property trying to sell a laptop computer he stole from the daycare.

As long as the city and EPE allow the surrounding area to continue to deteriorate the more crime will be a problem for future visitors. That's why Sillerman's money is needed to clean it all up and make it a safe haven. But so far he's put nothing into the neighborhood.:hmm:

There's been several reports of crime just walking distance from Graceland within the past 3 months alone. Alot of it goes unknown because EPE tries to keep it all quiet in fear of what future visitors will think of the area. Some good news though, the other day I saw that they've started to tear down the Craft Manor Apartment complex that EPE bought up last year so maybe this is a sign of good positive things to come for that area.

presley31
12-28-2008, 04:23 PM
I thought i would add this information instead of making a new thread

EPE parent company calls off its attempt to go private. C-K-X Inc. owns 85 percent of Elvis Presley Enterprises. Memphis Daily News reports the company blames "global economic difficulties and a related credit freeze" for not pursuing a merger that had been planned for earlier this year. The merger included an estimated multi-million dollar transformation of Graceland and the surrounding area on Elvis Presley Boulevard between Brooks and Raines Roads
source: http://www.elvisinfonet.com/

Tigerman_69
12-28-2008, 06:14 PM
I thought i would add this information instead of making a new thread

EPE parent company calls off its attempt to go private. C-K-X Inc. owns 85 percent of Elvis Presley Enterprises. Memphis Daily News reports the company blames "global economic difficulties and a related credit freeze" for not pursuing a merger that had been planned for earlier this year. The merger included an estimated multi-million dollar transformation of Graceland and the surrounding area on Elvis Presley Boulevard between Brooks and Raines Roads
source: http://www.elvisinfonet.com/

I already posted that in the other Sillerman thread. Don't know exactly what the effects will be on the expansion plan but it sounds as if it could kill it altogether which is terrible news for that part of town and for the future of Graceland. Although Soden did say just a few weeks ago that the plans were still moving forward so who really knows what's going on behind the scenes and EPE is still aquiring building permits as recently as of Dec 23.

KPM
12-28-2008, 10:13 PM
I know it's not Graceland's problem to handle. I'm from Memphis. But I do know that crime is vastly rising throughout the city and in South Memphis, especially around Graceland and it's caused the attendance rate to drop because of it. In fact the other day there was a daycare worker raped at a daycare in Whitehaven and they caught the guy who did it just feet from Graceland property trying to sell a laptop computer he stole from the daycare.

As long as the city and EPE allow the surrounding area to continue to deteriorate the more crime will be a problem for future visitors. That's why Sillerman's money is needed to clean it all up and make it a safe haven. But so far he's put nothing into the neighborhood.:hmm:

There's been several reports of crime just walking distance from Graceland within the past 3 months alone. Alot of it goes unknown because EPE tries to keep it all quiet in fear of what future visitors will think of the area. Some good news though, the other day I saw that they've started to tear down the Craft Manor Apartment complex that EPE bought up last year so maybe this is a sign of good positive things to come for that area.
As I said I can understand anyone who lives in an area which has crime to be concerned-but I just do not agree that any state, county, or city should hinge their crime reduction program on any private industrys decisions.
If I lived in Memphis and was concerned with the crime rate-I would be at the city halll meetings and give the Mayor and the alderman heck for not protecting the streets-regardless of whether the neighborhoods are near Graceland, in a bad area or the richest areas. In my atea I have many times gone to our town hall meetings and given the mayor and alderman the riot act about lack of patrols and a double standard on which areas are patroled most. After the local paper began reporting the complaints that I and others raised-we got more patrols and the area is better for it.
Cleaning up the area around Graceland is important to all I agree-but it should not be dependent on what EPE or Sillerman do.

Tigerman_69
12-29-2008, 03:02 AM
As I said I can understand anyone who lives in an area which has crime to be concerned-but I just do not agree that any state, county, or city should hinge their crime reduction program on any private industrys decisions.
If I lived in Memphis and was concerned with the crime rate-I would be at the city halll meetings and give the Mayor and the alderman heck for not protecting the streets-regardless of whether the neighborhoods are near Graceland, in a bad area or the richest areas. In my atea I have many times gone to our town hall meetings and given the mayor and alderman the riot act about lack of patrols and a double standard on which areas are patroled most. After the local paper began reporting the complaints that I and others raised-we got more patrols and the area is better for it.
Cleaning up the area around Graceland is important to all I agree-but it should not be dependent on what EPE or Sillerman do.


It's not that simple in Memphis with the corruption in local politics. Mayor Willie Herenton has been repeatedly under investigation by the FBI as have his appointees. Residents have spoken till their blue in the face asking for better schools, better streets, and better community protection and the city ignores. The police department is just as corrupted and constantly being found for wrongdoings.

The city officials Herenton and Lipscomb didn't give a rats a$$ about the Graceland community and it's economical downfall until Sillerman threw out his $250 million proposal for the area. Then they took notice quickly and started pushing the state government to fund parts of the project with tax incentive packages, only because they saw a profit for themselves. The city's leadership is a complete joke and embarrassment to the rest of the nation and world. It's sad when a city's mayor gets re-elected because of the color of his skin and dead people's votes. No lie, it happened. Only in Memphis.:'(

KPM
12-29-2008, 07:40 PM
It's not that simple in Memphis with the corruption in local politics. Mayor Willie Herenton has been repeatedly under investigation by the FBI as have his appointees. Residents have spoken till their blue in the face asking for better schools, better streets, and better community protection and the city ignores. The police department is just as corrupted and constantly being found for wrongdoings.

The city officials Herenton and Lipscomb didn't give a rats a$$ about the Graceland community and it's economical downfall until Sillerman threw out his $250 million proposal for the area. Then they took notice quickly and started pushing the state government to fund parts of the project with tax incentive packages, only because they saw a profit for themselves. The city's leadership is a complete joke and embarrassment to the rest of the nation and world. It's sad when a city's mayor gets re-elected because of the color of his skin and dead people's votes. No lie, it happened. Only in Memphis.:'(
Its not that simple "anywhere" friend and I did not mean to imply it was-but to hinge Memphis's childrens future and safety on a private enterprise to save the day- IMO is just an unrealistic attitude.
IF you complain till your blue in the face to the local people-then you complain to your Congressman in the same way, and your states Attorney General and also the Justice Department who will investigate eventually if enough people make the claims you speak of.
(Of course the appearance of wrongdoing is needed-from what you say that does not seem to be a problem)
I am in Illinois-Chicago sets the standard for machine politics-but they have decent schools, communtity action committess who work on the areas with problems- corrupt police are everywhere but can be held in check by public outcry. Unfortunately our Gov. has never listened to the people, nor the legislature and at times not even the Justice Department. But he will pay in the end because enough people complained to our local Congressman and to watchdog groups that the investigation started 3 years ago-which finally caught him with his own words.
I can tell you I have sent literally hundreds of letters and e-mails in the last 2years about concerns in my area and state (so have many I know in a small citizens group) it can and does pay off-but it has to be consistent complaints which are never ending-and there has to be at least some appearance of wrongdoing, ineptitude, or corruption. I have sent letters to the editor to our paper, St. Louis papers, Chicago papers, concerns about local crime and other matters to my Congressman, Senators (including O'bama) Utility Commissioners, Attorney General (many, many to the Attorney General in Illinois) and to the Justice Department in Washington. Not just one a month-but sometimes one a day for months on end.
There is no industry in my area who will step in and attack crime, or undertake urbane renewal they are not in business to do so- good industrial neighbors help-but its a problem that sits at the door of government and citizens who demand results-till the politicians are blue in the face. Enough righteous anger can produce amazing results.