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Jungleroom76
05-11-2011, 09:44 PM
From Elvis Australia:

CKx Inc., the parent company of Elvis Presley Enterprises since 2005, will now be in the hands of a New York private equity firm. CKx announced Tuesday it is being acquired by Apollo Global Management LLC with financing of the $509 million deal by Goldman Sachs Bank USA. The sale includes not only EPE but the production company for the television show American Idol and ownership of the image of Muhammad Ali, which are also under the CKx umbrella.

Apollo was co-founded in 1990 by Leon Black, who is chairman of the board and CEO, and Joshua Harris and Marc Rowan, senior managing directors. Black, Harris and Rowan founded Apollo after leaving Drexel Burham Lambert Inc. where Black was managing director and head of the mergers and acquisitions group that included Harris and Rowan. The company manages investment capital for institutional investors with a goal of restructuring corporations, making leveraged buyouts and then taking a minority position in the companies. Apollo has investments in Caesars Entertainment Corp., the casino gaming giant.

Graceland (http://www.elvis.com.au/presley/biography/elvis_presley_graceland.shtml) becomes Apollo's property seven years into a stalled expansion of the mansion's footprint even as CKx expanded the spread of the Elvis image worldwide. Since CKx CEO Robert Sillerman announced the company's acquisition of the majority share of Graceland and the image and intellectual property of Elvis Presley in 2005 from The Promenade Trust – the estate of the late entertainer – there have been plans to create new Elvis-themed attractions. The centerpiece was a $250 million proposed expansion and reconfiguration of the area around the entertainer's Whitehaven mansion. Sillerman, in particular, talked about a restoration of the mansion to its 1970s appearance and moving the plaza on the other side of Elvis Presley Boulevard to the same side of the street as the mansion. The plaza property land would then be used for an expansion of Elvis-related shops, hotels and resort type attractions.

Elvis Presley Enterprises even bought several apartment complexes west of the plaza property and north of the mansion as part of the expansion and demolished the apartment units. As that was going on, the Elvis image took up permanent residence in Las Vegas with a VivaELVIS Cirque du Soleil show that opened in 2008.

But the Memphis-based plans ran into the national economic recession and have stalled since then with CKx executives saying they still intended to pursue them but over a longer time frame or by separating pieces of the plan. Sillerman, who had been the point person for the new Graceland image and presence, resigned as chairman and CEO of CKx in May 2010 but has remained the largest shareholder in the company. He has also served as a consultant to the company since his departure from its ranks. When he left as CEO, Sillerman said his intent was to try to buy CKx. As the largest shareholder, Sillerman's approval was required for the acquisition by Apollo. So was the approval of The Promenade Trust. Both have approved of the merger. The CKx board has recommended approval of the deal, which now goes to CKx stockholders who would get $5.50 in cash for each share they hold. It is a 40 percent premium over CKx's average closing price for the last six months and a 25 percent premium over the closing price of the stock on Monday.

CKx canceled a first quarter earnings call with investors scheduled for Monday morning. CKx reported it earned $7.2 million in the first three months of the year with a 20 percent drop in revenue. The quarterly report also shows a 7.5 percent decrease in visitors to Graceland from the first quarter of 2010. The report attributed the drop to 80,524 visitors in the three months to 'inclement regional and national winter weather and a later Easter Holiday'. The first quarter of 2010 also included numbers from a one time concert series in Europe that boosted attendance. The first quarter report also shows CKx earned $1.4 million in revenue for the three months on the VivaELVIS Cirque du Soleil show in Las Vegas and another $1.8 million in royalty based revenue from the intellectual property related to the permanent live theater show.

I wonder what this will mean for Graceland, the expansion project, etc.??? My guess is any plans for renovations around the Graceland area will probably be on hold for quite a while as the new company gets things organized from the sale and then has to put together a team to look at the expansion plans, etc. :hmm:

If we're all lucky, maybe they'll finally get some renovations done in time to celebrate Elvis' 100th birthday in 2035!!! :doh:

TCB!
Mike

KPM
05-11-2011, 11:46 PM
Sillerman just did not produce IMO-The expansion was in trouble long before the economic crisis hit. IMO it just seems that they could not figure out the direction to take...
If you are going to spend the type of money he did to acquire the marketing rights to EP-you'd think they would already have the next 5 years mapped out as far as the direction and expansion-evidently not.
I hope this sale will be for the good of EP.

Unchained Melody
05-12-2011, 12:12 AM
Thanks for posting this Mike (y)

Ken, I agree with you, they should've had this better planned for the future.:doh:

Hopefully they will get someone in there who knows how to do something like this, and everything gets worked out.(y)

Jungleroom76
05-12-2011, 05:47 PM
Hopefully they will get someone in there who knows how to do something like this, and everything gets worked out.(y)

Let's hope so...or it'll just be more of what we've already experienced when CKX was in control...NOTHING!!! (n)

TCB!
Mike

Jungleroom76
05-12-2011, 05:51 PM
Sillerman just did not produce IMO-The expansion was in trouble long before the economic crisis hit. IMO it just seems that they could not figure out the direction to take...
If you are going to spend the type of money he did to acquire the marketing rights to EP-you'd think they would already have the next 5 years mapped out as far as the direction and expansion-evidently not.
I hope this sale will be for the good of EP.

That's the whole point right there my friend!! All of the press releases and interviews that have been done about this whole situation point to the economic crisis as the reason why CKX was unable to produce the results they were hoping for with the Graceland expansion and other EP projects in general. But as you pointed out, the REAL reason for this whole mess is simply CKX's inadequate planning and handling of their proposed plans, especially on the expansion project. Now there are properties adjacent to Graceland which have been acquired by CKX, with buildings that have been demolished in preparation for the CKX expansion and now everything is on hold...which means the area surrounding Graceland probably looks even worse now than before. :hmm:

Hopefully this new company will come in with a solid plan and get things moving in the right direction....otherwise, as I said before, we'll be lucky if they can get anything done in terms of updating/expansion before the 100th birthday celebration in 2035!!! :sad:

TCB!
Mike

vivaelvis
05-12-2011, 06:09 PM
I just got back from Memphis this week. My family was in the path of the flood and we had to pack up everything and move them out. While there this news about CKX broke on the local news there and has drawn serious concerns regarding the future of Graceland as a business for Memphis' economy. Some city council members don't think it will happen now or anytime soon. Mainly because the state and the city are strapped for cash and cannot reach their part of the deal which is what really put it on hold to begin with. Not CKX. EPE and CKX are searching for a third party to build a new Heartbreak Hotel but that's looking bleek.

Now, what I am hearing from a reliable source is that Apollo Management may have a bigger vision for Elvis and it may or may not be in Memphis.(n) There's talk of building a theme park-like setting in Orlando, FL similar to The Holy Land Experience with a replicas of Graceland and Sun Studios. It would also be alot cheaper than to build in Las Vegas or Memphis. Orlando is now America's top destination for families with Disney World, Epcot Center, Holy Land Expereince, Animal Kingdom, NASA, etc.

What would happen to Graceland if that did become the new plan? Most likely it would remain opened to the public but some or most of the artifacts could be relocated down to Florida.

Remember that nothing is concrete yet and is all speculation by everyone involved. I am certain though that EPE doesn't even know what will happen to the company when all is said and done.

Unchained Melody
05-12-2011, 06:43 PM
I just got back from Memphis this week. My family was in the path of the flood and we had to pack up everything and move them out. While there this news about CKX broke on the local news there and has drawn serious concerns regarding the future of Graceland as a business for Memphis' economy. Some city council members don't think it will happen now or anytime soon. Mainly because the state and the city are strapped for cash and cannot reach their part of the deal which is what really put it on hold to begin with. Not CKX. EPE and CKX are searching for a third party to build a new Heartbreak Hotel but that's looking bleek.

Now, what I am hearing from a reliable source is that Apollo Management may have a bigger vision for Elvis and it may or may not be in Memphis.(n) There's talk of building a theme park-like setting in Orlando, FL similar to The Holy Land Experience with a replicas of Graceland and Sun Studios. It would also be alot cheaper than to build in Las Vegas or Memphis. Orlando is now America's top destination for families with Disney World, Epcot Center, Holy Land Expereince, Animal Kingdom, NASA, etc.

What would happen to Graceland if that did become the new plan? Most likely it would remain opened to the public but some or most of the artifacts could be relocated down to Florida.

Remember that nothing is concrete yet and is all speculation by everyone involved. I am certain though that EPE doesn't even know what will happen to the company when all is said and done.

Sorry but that would be so dumb to build a replica in Orlando, what would be the point in going, its not like Elvis lived in a replica of his home, and all the things that happened through his lifetime did not occur in a replica home...sorry, just sounds really bad.

Going to Memphis is like entering another world, if your an EP fan, the history of that place is amazing, history made at Sun Studio, a replica could never do these places justice.:doh:

vivaelvis
05-12-2011, 07:07 PM
Sorry but that would be so dumb to build a replica in Orlando, what would be the point in going, its not like Elvis lived in a replica of his home, and all the things that happened through his lifetime did not occur in a replica home...sorry, just sounds really bad.

Going to Memphis is like entering another world, if your an EP fan, the history of that place is amazing, history made at Sun Studio, a replica could never do these places justice.:doh:

Neither did Jesus but The Holy Land Exp. is very popular and doing great financially there. Have you ever been to Orlando? It's got everything and most is not even related to Disney or Florida. It's a tourist destination for families and all ages. Kind of a fantasy world where you can get away from the real world's headaches.

Like I said, this is just speculation on all sides and even EPE nor Lisa has any idea what will become of the company.

Unchained Melody
05-12-2011, 07:09 PM
Neither did Jesus but The Holy Land Exp. is very popular and doing great financially there. Have you ever been to Orlando? It's got everything and most is not even related to Disney or Florida. It's a tourist destination for families and all ages. Kind of a fantasy world where you can get away from the real world's headaches.

Like I said, this is just speculation on all sides and even EPE nor Lisa has any idea what will become of the company.

Yeah I have been there and just maybe because I'm an Elvis fan, I don't like the idea, I would want to see the real thing, ex the mansion etc.

Thank god its only speculation.

KPM
05-12-2011, 07:22 PM
We had over 6 years of "speculation" with CKX the rumors were rampant, the theories were rampant and none of it really went anywhere.
I recall right after the deal with CKX was announced we were told the renovations and expansion could actually be completed in 3 years:lol:Speculation for sure.
I'm sure EP will survive nomatter.

LaurieT
05-12-2011, 07:27 PM
What does it mean..Graceland becomes the property of Apollo???

vivaelvis
05-12-2011, 07:46 PM
We had over 6 years of "speculation" with CKX the rumors were rampant, the theories were rampant and none of it really went anywhere.
I recall right after the deal with CKX was announced we were told the renovations and expansion could actually be completed in 3 years:lol:Speculation for sure.
I'm sure EP will survive nomatter.

True. But you have to factor in that the failing economy began to show it's weakness in 2006, the year the major plans were publicly announced. Unfortunately they never materialized and more than likley never will. The Graceland area isn't the most attractive in Memphis therefor would take massive overhaulign by the city first for EPE and CKX to make their move.

Did you know that prior to Vernon's death, he originally wanted to build an Elvis museum but not at Graceland? The city was willing to give him land in downtown for free if he financed the facility privately, but he died before a deal could be reached and it never followed through. Priscilla then took over and decided to go bigger by opening Graceland publicly and transforming the house into a museum, therefor saving the city money.

At the time of Elvis' death, Whitehaven was about 70% white and a large industrial part of the city. Today, it's about 90% black and one of the worst crime areas according to city records.

vivaelvis
05-12-2011, 07:53 PM
Unchained Melody....The Orlando theme park is just being thrown out there as a possibility, nothing official. The city will never let Graceland close without a fight. It will always remain a tourist attraction in some way. My source tells me that a theme park in Elvis' image has long been on EPE's agenda somehwere, just not at Graceland since it's his home and he's buried there. That's why Orlando makes sense instead of Las Vegas or Memphis. People go to Memphis to specifically seee Graceland and visit his gravesite. They don't go for the circus that it's become. In Orlando, people go to get away from the world and tour and take in attractions, popular or not. Whatever cures their curiosity. In my opinion, I think an Elvis-theme park would succeed much better in Orlando than in Memphis.

They could also build an Elvis museum in Orlando if not a themed park.

Unchained Melody
05-12-2011, 07:55 PM
See thats the thing, an Elvis theme park...I don't know just seem's kind of out there, I mean, can you picture a Rolling Stones themepark, or a Bob Dylan theme park..Just sounds kind of rubbish...JMO...

Elvis is a musical artist, which is why I'm a fan...

vivaelvis
05-12-2011, 08:01 PM
See thats the thing, an Elvis theme park...I don't know just seem's kind of out there, I mean, can you picture a Rolling Stones themepark, or a Bob Dylan theme park..Just sounds kind of rubbish...JMO...

Elvis is a musical artist, which is why I'm a fan...


I couldn't agree more. However, Elvis is seen throughout the world as much mroe than a musician or artist and more of a super icon figure like nobody else. Elvis' life in general is enough to b uild a park around. You've got the Tupelo era, the early Beale St and SUn era, the Hollywood era, the Army era, and the Vegas era. You would be surprised at how many non Elvis music fans would be intrigued by such an attraction near Disney World or Universal Studios.

If Holy land can be built around the Bible then so could "Elvis Land":lol:

Tigerman1975
05-12-2011, 08:37 PM
What does it mean..Graceland becomes the property of Apollo???

I wondered the same thing when I read it. I though LMP retained Graceland after the sale of EPE to Sillerman.

vivaelvis
05-12-2011, 09:12 PM
I am pretty certain that Lisa Marie owns the mansion but not all of the material items.

KPM
05-12-2011, 10:40 PM
2006??? The first major announcement of the near total collapse of the economy actually happened the summer of Bushes last year in office.
Pretty sure it was spring of 2008 when Bush and his economic team began beating the drum for the bank bailouts and for an economic stimulis of some kind for the country. By the fall of 2008 the full story was finally out-up until that time, the leading economic factors were still good, the stock market was high and years prior to 2008 had fairly good growth. From the end of 2007 till summer 2008 no one knew what was coming.
The team at CKX have used the downturn in 2007-2008 as a skapegoat for the failure to fully get a secure path and direction for "what they wanted to do"....that fault lies not with Memphis, nor Tennessee nor the global economy but with those who were trying to decide which plan or direction to follow. The worlds economic crisis was partially caused by the same financial thinking which is at play in the Graceland expansion problem-spend the money to take control of something, then try and figure out what you do next. All the board members get hefty salaries, as do the top people in each company-whether they produce or not.
I would for once like to hear a little honesty in business when they admit-we have a large part of the blame in the success or failure of the ventures we start.
Sure they bought land, but could not come to a decision on what to do with it and how to proceed.

I would not doubt that Vernon considered a museum, but he also considered many things after Elvis died, some more seriously than others.
I think his main concern was not losing the mansion and his home-far cry from thoughts of museums and some type of financing for a new building in Memphis.
Memphis will have to come to some grip with its crime, as St Louis does, as Chicago does, LA, New York etc.....
Crime knows no race-its a equal opportunity employer (unfortunately)
I will say again CKX, EPE, whomever....should not be relied upon to bring change to any area when it comes to crime-they have an obligation like everyone to help improve their communty but that is not their prime concern-thats why you have city officials, mayors, alderman, "CITIZENS"
We near ST Louis do not have a Graceland concern and crime is here-but the officials are working all the time with citizens to combat it-not waiting for some Santa Claus Graceland expansion to do a "around the end urban renewal for the area"
If Memphis wants the tourist dollars that Graceland obviously brings them-they should first and foremost work on the crime in the area for the citizens and dollars that come in from the tourists.
During this flooding crisis-one official said they would "fight the fires of hell with a waterpistol to protect Graceland"-the importance of Graceland to the wealth of Memphis is obviously understood by some. Memphis will have to come to attack crime if its that big a problem.
Memphis waiting for EPE/CKX is a farce-Memphis must act for the public-not wait for someone else to lead.

KPM
05-12-2011, 10:46 PM
I am pretty certain that Lisa Marie owns the mansion but not all of the material items.
I am more than certain-I am positive Lisa owns Graceland, the land it sets on and all of Elvis's personal property which is in the mansion.
No if ans or buts.
Apollo no more owns Graceland than CKX does. The deal with Sillerman "leases the mansion and property it sets on" I think for 99 years.
If that lease is allowed to expire (or is bought out) the estate is totally free to Lisas heirs. Any proposed theme parks, malls, museums separate from Graceland would be 85% owned by Apollo/CKX and 15% owned by Lisa and her heirs (as it stands right now)

Albert
05-12-2011, 10:50 PM
If they'd build a 100% true replica, not only downstairs, but also upstairs...... a replica where you can actually walk through the rooms.... I think that will fill a gap. Of course it'll miss the magic of Elvis' presence. But it would still be something people would want to see I think. Just look at Madam Tussaud: nothing authentic there, but people are still going there, just to see something that looks much like the original.

Btw, I hate to read all business stories about CKx... it degrates Elvis from an unique person to just a business investment. Of course that's how the world turns (it's not that different from the way Elvis' career was handled during his life).

Eventhough these business stories are quite irritating, they're still interesting (and also quite important for us, as fans)

KPM
05-12-2011, 11:09 PM
Albert thats a great avatar-(y)(y)(y)

vivaelvis
05-12-2011, 11:20 PM
KPM, I agree with what all you said except for the economical situation. As early as 2005 some businesses were starting to complain that banks weren't giving loans, which was a major obstical that Silelrman and th company had to overcome and never could. I do agree that they dropped the ball and never knew what to do with the land that they aquired. To me, it seems that they wanted to go real big but then backed off and now have no idea how to get the ball rolling again. All I have seen or heard is talk and no walk.

Albert, I agree as well. However, we must take into account that Elvis was already a business ahead of performer or entertainer long before he died. When Parker entered the picture in 1956 Elvis became a machine operated by Parker and his staff. If you take a step back and look at how EPE is ran it's no different than how Parker ran the business when Elvis was alive. No different at all. If anyting it's actually better which isn't saying much. I think the human being gets lost in all of the glitz and glamour of his image. Therefor his music gets pushed aside.

Remember Elvis said himself, "the image is one thing and a human being is another. It's very hard to live up to an image".

Unchained Melody
05-12-2011, 11:41 PM
it degrates Elvis from an unique person to just a business investment. Of course that's how the world turns (it's not that different from the way Elvis' career was handled during his life).

I completely agree Albert, sad that is how Elvis' career was handled and it just saddens me to think of it still being that way long after he's passed on.

KPM
05-12-2011, 11:55 PM
KPM, I agree with what all you said except for the economical situation. As early as 2005 some businesses were starting to complain that banks weren't giving loans, which was a major obstical that Silelrman and th company had to overcome and never could. I do agree that they dropped the ball and never knew what to do with the land that they aquired. To me, it seems that they wanted to go real big but then backed off and now have no idea how to get the ball rolling again. All I have seen or heard is talk and no walk.

Albert, I agree as well. However, we must take into account that Elvis was already a business ahead of performer or entertainer long before he died. When Parker entered the picture in 1956 Elvis became a machine operated by Parker and his staff. If you take a step back and look at how EPE is ran it's no different than how Parker ran the business when Elvis was alive. No different at all. If anyting it's actually better which isn't saying much. I think the human being gets lost in all of the glitz and glamour of his image. Therefor his music gets pushed aside.

Remember Elvis said himself, "the image is one thing and a human being is another. It's very hard to live up to an image".
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CMT NewsBusinessman Acquires Majority Ownership of Elvis Presley Enterprises
Lisa Marie Presley Will Retain Father's Personal Effects and Title to Graceland
December 16, 2004; Written by Calvin Gilbert
SFX Entertainment founder Robert F.X. Sillerman is acquiring majority ownership in the assets of Elvis Presley's estate, officials of Elvis Presley Enterprises announced Thursday (Dec. 16).

The new partnership will conduct all business activities involving Elvis Presley Enterprises, Graceland and tour operations. However, the singer's sole heir, daughter Lisa Marie Presley, will retain most of her father's personal effects and title to Graceland and its 13-acre grounds in Memphis. The new partnership includes all trademark rights to the name, likeness and image of Elvis Presley and all EPE-owned intellectual property, including its lucrative music publishing catalog.

The estate generates annual revenues of approximately $40 million to rank Presley at No. 1 on Forbes magazine's annual list of top-earning dead celebrities. Lisa Marie's mother, Priscilla Presley, established EPE in 1980 on behalf of the Elvis Presley estate. Elvis Presley died in 1977.

"For the past few years I've been looking for someone to join forces with to expand the many facets of EPE, to take it to new levels internationally and to make it an even greater force in the entertainment industry," Lisa Marie Presley said in a written statement. "I feel confident that Bob Sillerman and his team are the right people to do this with.

"My greatest responsibility to my father is to preserve and protect his legacy, and this is an exciting new structure that opens up an incredible array of opportunities with a major infusion of new investment capital to do just that. It's the ideal partnership in that I retain Graceland and my father's personal effects, yet joining forces with Bob Sillerman will give us the opportunity to grow even further the intellectual and entertainment properties."

Sillerman was a major shareholder and executive chairman of SFX Entertainment from its creation in 1997 until its sale to Clear Channel Communications in August 2000. SFX Entertainment produced live events throughout the world. Prior to that, Sillerman was a founder and executive chairman of SFX Broadcasting, a company that owned and operated a chain of radio stations, from its inception in 1992 until its sale in 1998.

Sillerman is creating a new company, CKX, Inc., oversee the Presley venture. Priscilla Presley, the former wife of the Country Music and Rock and Roll Hall of Fame member, will continue to serve as executive consultant to EPE.

Late Thursday, Lisa Marie Presley issued another written statement aimed at fans to "further clarify and ease any worried minds."

"The search for the right person has been going on for years," she said. "None of us at EPE would have done this if it weren't in the best interest of my father and his legacy. No stone was left unturned in making sure that business will be run as it historically has been, with integrity, always preserving and protecting my father.

"The executives, my mother and myself remain very active in the operations of Graceland and its entities. What is and has been done will remain, and merging with Bob Sillerman and his team simply gives us new opportunities that we didn't have before......
Well if the economy in 2005 was downturning- Financial Wiz Sillerman must have been caught off guard, why make a deal such as this for the amount he did otherwise.
He came up with the capital to make the deal-a man as adept at these matters as he is portrayed just seems to have somehow dropped the ball in the next year.
Lisa on the other hand ended up with over 100 million up front 15% ownership in profits and still owns the house, land, and personal property inside.
Not bad!

Jungleroom76
05-13-2011, 12:24 AM
I just got back from Memphis this week. My family was in the path of the flood and we had to pack up everything and move them out.

I am so sorry to hear about this my friend. I Just hope the damage won't be too serious when your family is allowed to return to their property.


While there this news about CKX broke on the local news there and has drawn serious concerns regarding the future of Graceland as a business for Memphis' economy. Some city council members don't think it will happen now or anytime soon. Mainly because the state and the city are strapped for cash and cannot reach their part of the deal which is what really put it on hold to begin with. Not CKX. EPE and CKX are searching for a third party to build a new Heartbreak Hotel but that's looking bleek.

Honestly, when I was in Memphis during ELVIS WEEK 2000, as I toured the HEARTBREAK HOTEL, I was a little underwhelmed by the whole thing. While it was certainly a nice hotel and all, I really thought it would have been much grander than it was. Maybe my expectations were a little too high... :blush:

But anyway, I am glad that they have plans to build a new and improved HEARTBREAK HOTEL but if that is the holdup in the expansion project, then perhaps they should just leave that part alone for the time being and focus on the other parts of the expansion. They can always come back to the hotel reconstruction later. However I am guessing that it's the whole project that Memphis is having trouble financing, especially since there is going to be some MAJOR funds needed to re-design and reconstruct Elvis Presley Blvd. around the mansion. Of course, the state of Tennessee or even the federal government will probably have some financial input into the highway project as well, but sadly I'm sure there are things the federal government finds more important than reconstructing EP Blvd. (n)


Now, what I am hearing from a reliable source is that Apollo Management may have a bigger vision for Elvis and it may or may not be in Memphis.(n) There's talk of building a theme park-like setting in Orlando, FL similar to The Holy Land Experience with a replicas of Graceland and Sun Studios. It would also be alot cheaper than to build in Las Vegas or Memphis. Orlando is now America's top destination for families with Disney World, Epcot Center, Holy Land Expereince, Animal Kingdom, NASA, etc.

What would happen to Graceland if that did become the new plan? Most likely it would remain opened to the public but some or most of the artifacts could be relocated down to Florida.

I CAN'T EVEN BEGIN TO FATHOM THAT CONCEPT!!! :jawdrop:

While I am all for re-creating the upstairs at Graceland in some way for the fans to see, building a replica of Graceland in Orlando (or anywhere else in the U.S.) is just unthinkable. Graceland is in Memphis...Memphis is where Elvis lived...and that is that!!! If fans are coming to see Elvis' home, they should be coming to Memphis, not a replica with Elvis' possessions in it. Disney World is in Orlando...Graceland is in Memphis!! End of discussion!!! :angry:

TCB!
Mike

Unchained Melody
05-13-2011, 12:31 AM
I CAN'T EVEN BEGIN TO FATHOM THAT CONCEPT!!! :jawdrop:

While I am all for re-creating the upstairs at Graceland in some way for the fans to see, building a replica of Graceland in Orlando (or anywhere else in the U.S.) is just unthinkable. Graceland is in Memphis...Memphis is where Elvis lived...and that is that!!! If fans are coming to see Elvis' home, they should be coming to Memphis, not a replica with Elvis' possessions in it. Disney World is in Orlando...Graceland is in Memphis!! End of discussion!!! :angry:

TCB!
Mike

Totally agree buddy, my thoughts EXACTLY!!!!!

Jungleroom76
05-13-2011, 12:36 AM
Totally agree buddy, my thoughts EXACTLY!!!!!

I mean, I certainly an in awe of what Henrik Knudsen has done in Denmark with the building and opening of his massive Graceland Randers project!! What an AMAZING idea and to be able to pull something together like that is just spectacular and I wish him nothing but the best in his endeavor. And, as much as I HATE to fly, I would fly to Denmark to see Graceland Randers if I ever had the opportunity!!! (y)

But that is in another country and obviously not an exact replica of Graceland on the inside. To build something like an EXACT replica of Graceland here in the U.S., when we have the REAL thing here, is just not acceptable to me...PERIOD!!!! :nono:

TCB!
Mike

vivaelvis
05-13-2011, 12:48 AM
I can understand your disapproval for a Graceland replica. Although from my understanding is that it would be for more looks only as part of a park setting. But, this is all speculation and rumors will begin to spread on what will or won't happen with the real Graceland in the coming months. Some may have legs while others may not.

Jungleroom76
05-13-2011, 01:09 AM
I can understand your disapproval for a Graceland replica. Although from my understanding is that it would be for more looks only as part of a park setting. But, this is all speculation and rumors will begin to spread on what will or won't happen with the real Graceland in the coming months. Some may have legs while others may not.

Oh, I know it's only premature speculation and rumor...just had to voice my displeasure on the idea of even thinking about opening up a "faux Graceland"!! (n)

TCB!
Mike

Unchained Melody
05-13-2011, 01:14 AM
Oh, I know it's only premature speculation and rumor...just had to voice my displeasure on the idea of even thinking about opening up a "faux Graceland"!! (n)

TCB!
Mike

The fact that Graceland is the place Elvis cherished so much and lived for 20 some years, and died there, is the reason people want to go tour the place. The events that occured there, make it what it is when you go there. I seriously doubt anything will happen to Graceland as far as tours closing etc so it don't bother me if someone wants to make a replica, as long as the real thing is always there and available to the public for tours.

Jungleroom76
05-13-2011, 02:49 AM
The fact that Graceland is the place Elvis cherished so much and lived for 20 some years, and died there, is the reason people want to go tour the place. The events that occured there, make it what it is when you go there. I seriously doubt anything will happen to Graceland as far as tours closing etc so it don't bother me if someone wants to make a replica, as long as the real thing is always there and available to the public for tours.

And as long as the replica (if one were to be built) doesn't become publicized so much that the REAL Graceland becomes secondary to the fake Graceland!! :hmm:

TCB!
Mike

vivaelvis
05-13-2011, 09:32 PM
I saw this posted in the Wall Street Journal. It looks like AM is planning to spend money on Graceland after all. http://online.wsj.com/article/SB10001424052748703730804576314870924682128.html?m od=googlenews_wsj

"The sale ends more than two years of ownership uncertainty for CKX, and gives the company a deep-pocketed buyer to push through possible expansion plans for the "American Idol" television franchise and Graceland."

LaurieT
05-13-2011, 10:22 PM
It says "Graceland becomes Apollo’s property seven years into a stalled expansion of the mansion’s footprint even as CKx expanded the spread of the Elvis image worldwide."
That seems pretty clear. Why would they do all the work and expansion on a rental property. That would be stupid.

vivaelvis
05-13-2011, 11:34 PM
I wished that the media would stop saying "mansion" when describing the expansion. They make it sound as if reconstruction and addition to the home itself is being planned. Not a good thing and only stirs the pot more.

Unchained Melody
05-14-2011, 06:32 AM
I can understand your disapproval for a Graceland replica. Although from my understanding is that it would be for more looks only as part of a park setting. But, this is all speculation and rumors will begin to spread on what will or won't happen with the real Graceland in the coming months. Some may have legs while others may not.

I'm going to roll with the latter, quoted in bold ;)

KPM
05-15-2011, 03:09 AM
I saw this posted in the Wall Street Journal. It looks like AM is planning to spend money on Graceland after all. http://online.wsj.com/article/SB10001424052748703730804576314870924682128.html?m od=googlenews_wsj

"The sale ends more than two years of ownership uncertainty for CKX, and gives the company a deep-pocketed buyer to push through possible expansion plans for the "American Idol" television franchise and Graceland."
Well the writer of the article is speculating about what Apollo might due its not really an announcement of future policy decisions by Apollo.
Apollo may be deep pocketed, but the "possible expansion plans" will probably be totally scrutinized by the company, especially after the haphazard way CKX has gone about its decision making process.
I have little faith in big business and those who run the shows, they tend to get either over-cautious, or over anxious....they can not find the middle ground.

vivaelvis
05-18-2011, 12:17 AM
What I found out about the Orlando based theme park rumor is that it's being considered DOWN THE ROAD but not expected to impact what they do with Graceland. If anything the new owners may use it as leverage to get what they want from the city and state. But my source strongly believes that the new owners will put their attention soley on Graceland and the American Idol franchise. They have the type of funding to put behind those projects that CKX lacked. What happened with the selling of the company was exactly what Sillerman tried to do back in 07. Take it private. EPE is in much better hands financially and long term-wise with AM than they ever were under CKX.

KPM, the problem wasn't what to do with the extra land that they aquired, it was getting the private backing and funding to get the expansion off the ground. My source tells me that they're looking at a outrageous pricetag at around $700 million or more for what all they are wanting to do. EPE is said to be worth about $260 million. The fact is that Sillerman wasn't the smart business investor that they thought he was and was in way over his head.

KPM
05-19-2011, 11:59 PM
What I found out about the Orlando based theme park rumor is that it's being considered DOWN THE ROAD but not expected to impact what they do with Graceland. If anything the new owners may use it as leverage to get what they want from the city and state. But my source strongly believes that the new owners will put their attention soley on Graceland and the American Idol franchise. They have the type of funding to put behind those projects that CKX lacked. What happened with the selling of the company was exactly what Sillerman tried to do back in 07. Take it private. EPE is in much better hands financially and long term-wise with AM than they ever were under CKX.

KPM, the problem wasn't what to do with the extra land that they aquired, it was getting the private backing and funding to get the expansion off the ground. My source tells me that they're looking at a outrageous pricetag at around $700 million or more for what all they are wanting to do. EPE is said to be worth about $260 million. The fact is that Sillerman wasn't the smart business investor that they thought he was and was in way over his head.
But that seemed to be to be the main problem-making the decision as to what "exactly" to do after the land was bought.
A huge furturistic state of the art museum-was one plan, then an Elvis mini mall that had a Disney type theme park at its center, then talk of a Huge Hotel or convention center with Elvis as the theme. All were rumors that floated about and they had to have some basis in fact-even if it was only the board of directors (or Sillerman) thinking out loud.
The "outrageous pricetag" of $700 million would be for which project-or which series of projects that never got off the ground?
As far as Sillerman being way in over his head-check back on my posts on this subject in various threads and you will see I have said that from the 2nd year of his 85% acquisition of EP marketing rights. Too many rumors and too little action, too much confusion and not enought clarity in the direction of the plans.
I predicted that all the potential roadblocks that seemed to be taken as sure things by Sillerman fans-were not sure things, they were in fact long shots with quite a few pitfalls that had to be overcome-before fruition could be seen.
I recall someone saying Sillerman was going to buy Sony so he could have Elvis's total music catalogue in hand, that Sillerman said totally new recordings by Elvis would be coming out shortly, that Sillerman was powerful and rich enough to buy the rights to Elvis films specifically TTWII and EOT....all rumors that ended up just that-rumors.
I said back in 05 lets wait and see what happens-well the time has come and we all see.
I do not worry so much what is being considered down the road-because the road and circumstance have a way of changing so very easily in the business world.
What is being considered for down the road is often business bravado to shore up stock prices or the company bottom line, the amount of truth in such talk should be taken with a grain of salt.
Actually the "down the road" talk can do more harm than good if the rumors do not pan out in some form .....it makes stockholders nervous, and anxious about the management and planning for the company they have money invested in.
What will happen will happen-one way or another.

vivaelvis
05-20-2011, 02:32 AM
But that seemed to be to be the main problem-making the decision as to what "exactly" to do after the land was bought.
A huge furturistic state of the art museum-was one plan, then an Elvis mini mall that had a Disney type theme park at its center, then talk of a Huge Hotel or convention center with Elvis as the theme. All were rumors that floated about and they had to have some basis in fact-even if it was only the board of directors (or Sillerman) thinking out loud.
The "outrageous pricetag" of $700 million would be for which project-or which series of projects that never got off the ground?
As far as Sillerman being way in over his head-check back on my posts on this subject in various threads and you will see I have said that from the 2nd year of his 85% acquisition of EP marketing rights. Too many rumors and too little action, too much confusion and not enought clarity in the direction of the plans.
I predicted that all the potential roadblocks that seemed to be taken as sure things by Sillerman fans-were not sure things, they were in fact long shots with quite a few pitfalls that had to be overcome-before fruition could be seen.
I recall someone saying Sillerman was going to buy Sony so he could have Elvis's total music catalogue in hand, that Sillerman said totally new recordings by Elvis would be coming out shortly, that Sillerman was powerful and rich enough to buy the rights to Elvis films specifically TTWII and EOT....all rumors that ended up just that-rumors.
I said back in 05 lets wait and see what happens-well the time has come and we all see.
I do not worry so much what is being considered down the road-because the road and circumstance have a way of changing so very easily in the business world.
What is being considered for down the road is often business bravado to shore up stock prices or the company bottom line, the amount of truth in such talk should be taken with a grain of salt.
Actually the "down the road" talk can do more harm than good if the rumors do not pan out in some form .....it makes stockholders nervous, and anxious about the management and planning for the company they have money invested in.
What will happen will happen-one way or another.

According to those in the know, EPE knew exactly what they wanted to do. It was all about getting the funding lined up to make it happen which never happened. Now that the estate will be under a new owner, look for things to soon pick up again. Apollo Management has a solid track record compared to that of CKX. Not to mention they have much deeper pockets and don't have to depend on banks for loans. They ARE the bank to their properties. It wasn't like that for Sillerman and CKX. AM's CEO, Leon Black has a NET worth of $2 BILLION and has invested more than $16 BILLION of financial investments into 5 equity funds. Here's the link to back that up. http://www.wealthvest.com/blog/tag/apollo-management/ Point being that AM has the money that CKX was searching for to put into the redevelopment. Will Black and AM want to spend the moeny to make Graceland a bigger draw? Time will tell, but all signs point to yes.

KPM
05-20-2011, 10:05 PM
According to those in the know, EPE knew exactly what they wanted to do. It was all about getting the funding lined up to make it happen which never happened. Now that the estate will be under a new owner, look for things to soon pick up again. Apollo Management has a solid track record compared to that of CKX. Not to mention they have much deeper pockets and don't have to depend on banks for loans. They ARE the bank to their properties. It wasn't like that for Sillerman and CKX. AM's CEO, Leon Black has a NET worth of $2 BILLION and has invested more than $16 BILLION of financial investments into 5 equity funds. Here's the link to back that up. http://www.wealthvest.com/blog/tag/apollo-management/ Point being that AM has the money that CKX was searching for to put into the redevelopment. Will Black and AM want to spend the moeny to make Graceland a bigger draw? Time will tell, but all signs point to yes.
Deja Vu.......Please forgive my skeptisism but we heard this about Sillerman and CKX when they bought into EPE.
Curious as to who "those in the know are"?
I can only go by what was reported in the news, entertainment and business in the last 7 years since 85% of EPE was sold and "Money" was not the problem that was being reported-matter of fact Sillerman was suppose to be the owner of the proverbial golden goose-so money was not being tossed around as a problem in the press-(until the last couple years) I am skeptical for good reason, business and entertainment often just do not go hand in hand.
Good example-Parker/Business.......Elvis/entertainment-both understood their end-but did not understand the other end.
Elvis knew what was good material, knew what a good script was, knew what he wanted in his stage show.
Parker knew what a good monetary contract was, knew how to squeeze the last dime out of any deal, and knew how to line up money years in advance contractually.
But Parker did not understand letting an artist have growth-nor how stupid movies and less than stellar songs would only kill the golden goose.
Elvis did not understand the contracts in total, did not understand how long term deals in film and Vegas sold him short and kept him boxed into poor entertainment vehicles.(until the damage was already done) Business and entertainment are a strange and necessary mix but- they are oil and water.
When "people in the know" make these pronouncements they raise expectations, they fuel a fire-yet when they fall thru or never materialise you are not even sure who said it, how serious they were when they said it etc.......
Lets wait and see thats my attitude.

vivaelvis
05-21-2011, 12:30 AM
Deja Vu.......Please forgive my skeptisism but we heard this about Sillerman and CKX when they bought into EPE.
Curious as to who "those in the know are"?
I can only go by what was reported in the news, entertainment and business in the last 7 years since 85% of EPE was sold and "Money" was not the problem that was being reported-matter of fact Sillerman was suppose to be the owner of the proverbial golden goose-so money was not being tossed around as a problem in the press-(until the last couple years) I am skeptical for good reason, business and entertainment often just do not go hand in hand.
Good example-Parker/Business.......Elvis/entertainment-both understood their end-but did not understand the other end.
Elvis knew what was good material, knew what a good script was, knew what he wanted in his stage show.
Parker knew what a good monetary contract was, knew how to squeeze the last dime out of any deal, and knew how to line up money years in advance contractually.
But Parker did not understand letting an artist have growth-nor how stupid movies and less than stellar songs would only kill the golden goose.
Elvis did not understand the contracts in total, did not understand how long term deals in film and Vegas sold him short and kept him boxed into poor entertainment vehicles.(until the damage was already done) Business and entertainment are a strange and necessary mix but- they are oil and water.
When "people in the know" make these pronouncements they raise expectations, they fuel a fire-yet when they fall thru or never materialise you are not even sure who said it, how serious they were when they said it etc.......
Lets wait and see thats my attitude.

Did you read the link I posted? This is nothing like with Sillerman and CKX. It's like comparing apples and oranges. No simularities.

KPM
05-21-2011, 08:23 PM
Did you read the link I posted? This is nothing like with Sillerman and CKX. It's like comparing apples and oranges. No simularities.
You mean the link which is similar to links posted in 2005 when Sillerman took his 85% which sounded hugely promising, which stressed his huge financial success and his bottomless assets?;)
Time will tell, we'll see.
Elvis survived without Sillerman, CKX and no matter what Apollo does (or doesn't do) he will survive them.
It is not Sillerman, CKX, or Apollo that people flock to Graceland because of....they did not record Thats Allright Mama which sparked a music and cultural revolution in 1954.........their boards of directors, nor chairman have the charisma that makes someone survive.
Nothing and no one will ever contribute anything as remotely important to the success and survival over time of Elvis-as his own talent and charisma.
It amazes me that so much emphasis is put on these deals...which quite frankly have amounted to little since the 04-05 sale.
None of the claims made here in 05 came true-no theme park, no Vegas strip Elvis hotel, no state of the art museum, no "new recordings" on and on-as I said pardon the skeptisism-time will tell as it already has.

vivaelvis
05-21-2011, 09:47 PM
You mean the link which is similar to links posted in 2005 when Sillerman took his 85% which sounded hugely promising, which stressed his huge financial success and his bottomless assets?;)
Time will tell, we'll see.
Elvis survived without Sillerman, CKX and no matter what Apollo does (or doesn't do) he will survive them.
It is not Sillerman, CKX, or Apollo that people flock to Graceland because of....they did not record Thats Allright Mama which sparked a music and cultural revolution in 1954.........their boards of directors, nor chairman have the charisma that makes someone survive.
Nothing and no one will ever contribute anything as remotely important to the success and survival over time of Elvis-as his own talent and charisma.
It amazes me that so much emphasis is put on these deals...which quite frankly have amounted to little since the 04-05 sale.
None of the claims made here in 05 came true-no theme park, no Vegas strip Elvis hotel, no state of the art museum, no "new recordings" on and on-as I said pardon the skeptisism-time will tell as it already has.

Let me put it this way. From what I was told earlier this week by a reliable source is that CKX was VERY close to filing for bankruptcy and EPE was in danger of going bankrupt as well. I don't know how realistic that is, but the news of Apollo Management buying up the shares of CKX and taking over American Idol and Graceland was the saving point to both businesses. Believe it or not, Elvis' future success isn't within his record sales but through merchandise sales and ticket sales to attractions, hence the talks of a theme park in Orlando and redevelopment around Graceland.

KPM
05-22-2011, 12:21 AM
Let me put it this way. From what I was told earlier this week by a reliable source is that CKX was VERY close to filing for bankruptcy and EPE was in danger of going bankrupt as well. I don't know how realistic that is, but the news of Apollo Management buying up the shares of CKX and taking over American Idol and Graceland was the saving point to both businesses. Believe it or not, Elvis' future success isn't within his record sales but through merchandise sales and ticket sales to attractions, hence the talks of a theme park in Orlando and redevelopment around Graceland.
I know how the money is made-but also I understand "WHY it is made" and it has nothing to do with Apollo/CKX or any company or entity other than Elvis's appeal and draw.
EPE made a profit every year before Sillerman. He came into play because EPE (Lisa/Priscilla/Board Members) decided that to actually grow further they needed new blood and direction in thinking on a grander scale-(I assume except for the 100 million Lisa got plus stock, that she is disappointed in the outcome so far)
The estate has never made much real money off of record sales (as I have I pointed out many times) but Sony does, and each record sold shows the draw of Elvis Presley-not CKX, Apollo, nor Sillerman. This is a fact that can not be denied, just as Elvis will never be the hottest thing going in music ever again is also a fact. Neither will Sinatra, nor the Beatles, nor Crosby, nor James Brown-but they will always sell steadily and projects with their name on it will always do well. Apollo can help, so could have CKX-but without the talent, charisma and name-they have no product.
You are talking about money-I am talking about what attracts people to Graceland to spend that money, what spurs people to buy any and all things Elvis related -and that is ELVIS. Merchandising has always been a huge part in Elvis's career-long before all of this.
CKX could go bankrupt but that has nothing to do with the success of Elvis Presley in anyway-it has to do with poor business management and decisions and since you have given no indications of who your "reliable source is" and how they know all this... thats very debateable.

EPE would not be bankrupt-the company that owns 85% of the marketing rights might very well go bankrupt-but as long as EPE turns a bottom line profit-their company would be secure-as it is a subsidiary of CKX. Many large corporations go bankrupt-and that can be trouble for subsidiaries which do not turn a profit-but not ones that do. People make the mistake of thinking that all companies under a corporate umbrella are in the exact same financial condition that the corporation is deemed to be in-and that simply is not true. Each company under a corporate umbrella is distinct... some can stand alone, some are in worse shape than the corporation.
CKX owns marketing rights to Elvis-it does not own Graceland, nor the grounds nor Elvis's property......bankruptcy by them means little to EPE or Elvis's image. They turn a profit-big factor.
You seem to underestimate the talent-and charisma of Elvis Presley.
I do not.
He will never be the hottest thing going ever again-but he will always draw, always sell. I recall when he died many were saying its over-how...wrong...they were.

But my skeptisism does not mean I do not hope they do great things which promote Elvis's talent and image-it just means I do not think his longevity hinges on what they do.

vivaelvis
06-20-2011, 05:21 PM
The Graceland expansion is slated to begin in 2012 and 2013 according to a CKX filing with their new owner, Apollo Management. Today's the deadline for remaining shareholders to accept a tender offer at $5.50 a share.

http://au.ibtimes.com/articles/165597/20110620/idol-x-factor-cowell-fox-apollo.htm

Jungleroom76
06-20-2011, 07:32 PM
The Graceland expansion is slated to begin in 2012 and 2013 according to a CKX filing with their new owner, Apollo Management. Today's the deadline for remaining shareholders to accept a tender offer at $5.50 a share.

http://au.ibtimes.com/articles/165597/20110620/idol-x-factor-cowell-fox-apollo.htm

Thanks for the article vivaelvis!! (y)

It will be interesting to see if the expansion actually starts next year or if the new company postpones it so that they can better plan/prepare for the project... :hmm:

TCB!
Mike

vivaelvis
06-20-2011, 07:59 PM
Thanks for the article vivaelvis!! (y)

It will be interesting to see if the expansion actually starts next year or if the new company postpones it so that they can better plan/prepare for the project... :hmm:

TCB!
Mike

My pleasure. I was told that the original plan was way too expensive to undertake and that the new plan will be significantly downsized to fit their budget and the economy. Don't expect everything to be developed in a short time frame. More likely over a 5-10 year period. The most immediate need is a new hotel with better amenities and EPE and CKX have been talking to a variety of hotel chains for partnership in a new Heartbreak Hotel with approximately about 175 rooms.

KPM
06-21-2011, 05:26 PM
My pleasure. I was told that the original plan was way too expensive to undertake and that the new plan will be significantly downsized to fit their budget and the economy. Don't expect everything to be developed in a short time frame. More likely over a 5-10 year period. The most immediate need is a new hotel with better amenities and EPE and CKX have been talking to a variety of hotel chains for partnership in a new Heartbreak Hotel with approximately about 175 rooms.
Curious you seem to have a lot of info-whats your source-who told you?

Jungleroom76
06-21-2011, 05:37 PM
My pleasure. I was told that the original plan was way too expensive to undertake and that the new plan will be significantly downsized to fit their budget and the economy. Don't expect everything to be developed in a short time frame. More likely over a 5-10 year period. The most immediate need is a new hotel with better amenities and EPE and CKX have been talking to a variety of hotel chains for partnership in a new Heartbreak Hotel with approximately about 175 rooms.

I agree completely!! When I was in Memphis for ELVIS WEEK 2000, it was my first time seeing the Heartbreak Hotel and I have to say that I was very unimpressed with the hotel. Take away the Elvis pictures hanging on the wall and the Elvis gift shop in the lobby, and it could have been any hotel. (I didn't get a chance to see the themed suites, so that may have made a little bit of a difference)

It certainly wasn't what I expected...I was expecting something much flashier and more "Elvis" (if you know what I mean)...it was very understated in my opinion. Hopefully the new version of the hotel will be much more memorable! :hmm:

TCB!
Mike

vivaelvis
06-21-2011, 06:33 PM
I agree completely!! When I was in Memphis for ELVIS WEEK 2000, it was my first time seeing the Heartbreak Hotel and I have to say that I was very unimpressed with the hotel. Take away the Elvis pictures hanging on the wall and the Elvis gift shop in the lobby, and it could have been any hotel. (I didn't get a chance to see the themed suites, so that may have made a little bit of a difference)

It certainly wasn't what I expected...I was expecting something much flashier and more "Elvis" (if you know what I mean)...it was very understated in my opinion. Hopefully the new version of the hotel will be much more memorable! :hmm:

TCB!
Mike

I was there when it first opened publicly in the mid 90's and as you, I felt it wasn't all that. But, EPE was strapped for cash then and didn't have the funding to build a new one at the time so they bought the old Wilson World Hotel and turned it into the Heartbreak Hotel. However, they have done some upgrades since 2000, such as the Jungle Room Lounge, and expanded the visitor's space inside the lobby. I do think it looks too 50ish which is what they were going with, but this is 2011. Time to come back to modern day, imo. Plus the pool deck is tiny. Most low budget motels have bigger pool decks than the HH does.


Curious you seem to have a lot of info-whats your source-who told you?

If I told you I would have to then kill you.:lol: No, seriously, I used to live there for most of my life and still have close friends around to tell me things that they hear from those close to the situation, such as council members and Kevin Kane.

Jungleroom76
06-22-2011, 10:25 PM
I was there when it first opened publicly in the mid 90's and as you, I felt it wasn't all that. But, EPE was strapped for cash then and didn't have the funding to build a new one at the time so they bought the old Wilson World Hotel and turned it into the Heartbreak Hotel. However, they have done some upgrades since 2000, such as the Jungle Room Lounge, and expanded the visitor's space inside the lobby. I do think it looks too 50ish which is what they were going with, but this is 2011. Time to come back to modern day, imo. Plus the pool deck is tiny. Most low budget motels have bigger pool decks than the HH does.

See, they didn't have the Jungle Room Lounge when I was there, so perhaps my opinion would be a little different if I saw it today...but still, from what you describe, the changes haven't made that much of a difference. :hmm:

I realize EPE was low on cash at the time they created the HH, so hopefully this time around, they will have some more funding to really build a hotel that says WOW to the fans!! (y)

TCB!
Mike

KPM
06-23-2011, 09:34 PM
I was taught to believe half of what you see, and none of what you hear and you will be better off in life.
I have since learned in 56 years that if this advice is followed it usually holds true to form.;)

vivaelvis
06-23-2011, 09:50 PM
I was taught to believe half of what you see, and none of what you hear and you will be better off in life.
I have since learned in 56 years that if this advice is followed it usually holds true to form.;)

True, but I have known my source for almost 20 years and never thought of them as liars or attention seekers. In other words, they have no reason to lie to me. They have connections that allows them to provide information to me. I don't post everything that I am told. just what I feel won't get them or me into any trouble with EPE.

KPM
06-23-2011, 10:16 PM
True, but I have known my source for almost 20 years and never thought of them as liars or attention seekers. In other words, they have no reason to lie to me. They have connections that allows them to provide information to me. I don't post everything that I am told. just what I feel won't get them or me into any trouble with EPE.
Its not a matter of someone lying its a matter of rumors that start from off hand remarks or "misunderstandings of meaning" the last 6 years of CKX should prove that.
I have worked for a lot of large companies and usually no one is trying to give wrong info-they just do not have all the info involved or they hear someone speaking off the record and that person is off the mark also.
EPE probably could care less what is said as long as they are not being misquoted or someone is claiming information that comes officially from them that is untrue or not "firm".

vivaelvis
06-23-2011, 10:37 PM
I forgot to tell you guys that the sale of CKX is now official as of this past Monday. They are now under an affiliate of Apollo Management. In case some of you didn't know but EPE recently demolished the Meadow Oaks Apartment complex just north of Graceland. I was told that this could be the location of the new Heartbreak Hotel. I also know that EPE wants to keep undeveloped open space on the left side for special events such as the car show and Elvis week. To me, that's wasting prime reale estate.

vivaelvis
06-29-2011, 07:02 PM
Jungleroom, I saw this the other night but forgot to post it here for you. It seems that you're not the only one who was turned off by the Heartbreak Hotel and its poor upkeep. This is not good and borderline lawsuit waiting to happen. It also makes sense as to why EPE is so desperate for a new hotel. http://www.footnoted.com/urge-to-merge/graceland-and-the-heartbreak-hotel-need-facelifts/

Jungleroom76
06-29-2011, 08:55 PM
Jungleroom, I saw this the other night but forgot to post it here for you. It seems that you're not the only one who was turned off by the Heartbreak Hotel and its poor upkeep. This is not good and borderline lawsuit waiting to happen. It also makes sense as to why EPE is so desperate for a new hotel. http://www.footnoted.com/urge-to-merge/graceland-and-the-heartbreak-hotel-need-facelifts/

Thanks for posting that vivaelvis! (y)

I'm not surprised...like I said, I wasn't impressed with the HH when I was there in 2000, so I can only imagine that it has gone even more downhill in the 11+ years since then...and I didn't even stay there, I just stopped in and wandered around the main lobby area to look around. :hmm:

I agree 100% with the article that the amenities are SORELY lacking around the Graceland complex for fans...certainly not what fans should expect from a company that is constantly near the top of the rankings for tourist attractions and businesses in general. (n)

Hopefully this new company will change all of that!! :D

TCB!
Mike

vivaelvis
06-29-2011, 10:01 PM
Thanks for posting that vivaelvis! (y)

I'm not surprised...like I said, I wasn't impressed with the HH when I was there in 2000, so I can only imagine that it has gone even more downhill in the 11+ years since then...and I didn't even stay there, I just stopped in and wandered around the main lobby area to look around. :hmm:

I agree 100% with the article that the amenities are SORELY lacking around the Graceland complex for fans...certainly not what fans should expect from a company that is constantly near the top of the rankings for tourist attractions and businesses in general. (n)

Hopefully this new company will change all of that!! :D

TCB!
Mike

As I told Brian Quinn if Apollo can't get it done then it's not going to happen. They have as deep of pockets as anyone who's willing to invest in Elvis. Their net worth is $17 billion whereas CKX was under $1 billion.

Jungleroom76
06-29-2011, 11:53 PM
As I told Brian Quinn if Apollo can't get it done then it's not going to happen. They have as deep of pockets as anyone who's willing to invest in Elvis. Their net worth is $17 billion whereas CKX was under $1 billion.

Yeah, but still...Apollo isn't going to just throw money at the project if they don't believe they will get a return on their investment. They must see the potential because the bought out CKX, but still...I suspect there is going to be some serious time invested in planning, etc. by Apollo before they even start the official renovations!!

My guess is we're looking at another 4-5 years before we begin to see the fruits of Apollo's labors... :hmm:

TCB!
Mike

vivaelvis
06-30-2011, 12:06 AM
Yeah, but still...Apollo isn't going to just throw money at the project if they don't believe they will get a return on their investment. They must see the potential because the bought out CKX, but still...I suspect there is going to be some serious time invested in planning, etc. by Apollo before they even start the official renovations!!

My guess is we're looking at another 4-5 years before we begin to see the fruits of Apollo's labors... :hmm:

TCB!
Mike

From my understanding, Apollo plans to start the expansion in 2012 with capital expenditure. EPE and CKX already had the plans drawn out. It was financing them that was the hold up. Mainly due to the uncertainty of CKX' future. Now that they've been sold to a private equity firm with very deep pockets, it'll allow them to get things rolling again and I would assume sooner than later. Apollo's primary reasons for business is to invest money into its properties to strengthen them and to restructure their foundations. And to do that it takes capital investment which is why CKX sold the company to begin with. Bankruptcy was their next option. Sillerman resigned when he saw the red flag signs. Smarter man than some give him credit for.

Jungleroom76
06-30-2011, 12:10 AM
From my understanding, Apollo plans to start the expansion in 2012 with capital expenditure. EPE and CKX already had the plans drawn out. It was financing them that was the hold up. Mainly due to the uncertainty of CKX' future. Now that they've been sold to a private equity firm with very deep pockets, it'll allow them to get things rolling again and I would assume sooner than later. Apollo's primary reasons for business is to invest money into its properties to strengthen them and to restructure their foundations. And to do that it takes capital investment which is why CKX sold the company to begin with. Bankruptcy was their next option. Sillerman resigned when he saw the red flag signs. Smarter man than some give him credit for.

See, I am not really up on the whole business side of things...I didn't realize that was Apollo's main focus. :hmm:

Sounds like things are looking up...let's just hope they continue to do so. Graceland, the Graceland area and the fans deserve so much more than they are getting now. :king: ;)

TCB!
Mike

vivaelvis
06-30-2011, 01:01 AM
See, I am not really up on the whole business side of things...I didn't realize that was Apollo's main focus. :hmm:

Sounds like things are looking up...let's just hope they continue to do so. Graceland, the Graceland area and the fans deserve so much more than they are getting now. :king: ;)

TCB!
Mike

I couldn't agree more. I have always felt that EPE doesn't really care about the true fans, only their wallets. Their staff is a joke and many of the employees couldn't care less about Elvis. To them working for the estate is just a job. Nothing more. I would like to see EPE or Apollo for that matter go in and clean house by hiring a caring staff that is fan friendly and WANT to be there.

Jungleroom76
06-30-2011, 03:09 AM
I couldn't agree more. I have always felt that EPE doesn't really care about the true fans, only their wallets. Their staff is a joke and many of the employees couldn't care less about Elvis. To them working for the estate is just a job. Nothing more. I would like to see EPE or Apollo for that matter go in and clean house by hiring a caring staff that is fan friendly and WANT to be there.

:notworthy :notworthy :notworthy :notworthy :notworthy

I couldn't agree more with you my friend!! When I was there the last time, most of the staff (not all) seemed exactly as you described it...like they just treated working at Graceland as any other job. You can bet your bottom dollar that if I were lucky enough to work at Graceland, there would be NO denying my love for Elvis or the thankfulness I would have for my job!! (y)

You're also right...EPE doesn't care about the fans...it's all about the $$$$$$$$ to them!!! As I've said before, it's almost like The Colonel is still running the show... :angry:

TCB!
Mike

KPM
06-30-2011, 08:50 PM
:notworthy :notworthy :notworthy :notworthy :notworthy

I couldn't agree more with you my friend!! When I was there the last time, most of the staff (not all) seemed exactly as you described it...like they just treated working at Graceland as any other job. You can bet your bottom dollar that if I were lucky enough to work at Graceland, there would be NO denying my love for Elvis or the thankfulness I would have for my job!! (y)

You're also right...EPE doesn't care about the fans...it's all about the $$$$$$$$ to them!!! As I've said before, it's almost like The Colonel is still running the show... :angry:

TCB!
Mike
Well lets be realistic-I would say that EPEs employees are very little different than other employees at major companies in that customer service and a "respectful attitude to the customer" are very low everywhere IMO
There was a time that people could not use the phone at work unless it was on their lunch or a the morning/afternoon 10 minute break-not anymore.
There was a time that people could not smoke unless on lunch and the morning/afternoon 10 minute break-now they sneak out of the buildings for a 5 minute smoke every chance they get (which robs customers, the employers, and other non smoking employees of money, time and shared workload)
There was a time that your clothes should be clean, neat, and work appropriate-yet today people think they can wear low cut tops, jeans with holes in them bagging to below the hips, and claim its their right to "express themselves freely"
There was a time that you did not call off unless you were truely sick or a relative was sick-now sick days are treated as vacation days by employees which disrupts the work place for customers, fellow employees and employers.
In the old days there use to be something called a work ethic-where you worked to the utmost of your ability to fullfill the obligations of the job "You agreed to when you took it" Why just get by and do only what you have to on a job-jump in and WORK-hard work hurts no one.
I work for a company where people are hired, they are put thru orientation....the job and its requirements are explained in full and in many cases (so many its not even funny) the people quit within 3 months, or after a few days. Their ATTITUDE is "no one tells me anything" this is just a job.
Unfortunately this is everywhere and not just EPE-IMO many young people expect to start out like the life they lived in theirs parents home-and its does not work that way. Parents are seeing kids stay at home well into their 30s-I left home at 17-never been back-most of my peers also were out of the house by 20.
As I have said before-EPE is only a product of Colonel Parkers and his snowing/control of Elvis-we all know EPE owns no recordings, owns none of the 33 movies and Elvis's will "instructed the probate court to protect and grow the estate for his daughter" how could they do that without the music or films??? How could they do that without full artist royaltees for all of Elvis recorded career-and not just 73 to 77???
Some will say how much money is enough for Lisa and all offspring down the road-as a father I would answer "Continue to build and protect the estate period"
If Elvis had planned better-"EPE would not have been necessary in the form it has taken" and once you start down the road taken-it snowballs....
I am not defending EPE-but explaining as I see it the realitities of how it came about-how it had little choice than to become what it is.
As a father I would ask-has the legal will Elvis signed been followed and have his instructions been honored-YES.

KPM
06-30-2011, 09:15 PM
Yeah, but still...Apollo isn't going to just throw money at the project if they don't believe they will get a return on their investment. They must see the potential because the bought out CKX, but still...I suspect there is going to be some serious time invested in planning, etc. by Apollo before they even start the official renovations!!

My guess is we're looking at another 4-5 years before we begin to see the fruits of Apollo's labors... :hmm:

TCB!
Mike
Perhaps longer-heres part of an opinion from a financial editor about this sale:
......Apollo will have its hands full: CKX must negotiate a new Idol deal with Fox, and develop plans to fix up Graceland, Presley's former home that's now a tourist attraction. Sillerman, who amassed his fortune trading radio stations and concert venues, now is building Function (x), an investment firm that plans to focus on media and entertainment ventures.......

I think if any clean sweep is coming by Apollo-the management team who "mastermind the progress for Gracelands expansion" should be the ones swept. If Apollo just leaves the same people in place-that will not inspire me to confidence.

KPM
06-30-2011, 09:22 PM
March 2011:
Graceland owner CKx Inc. CKx Inc. Latest from The Business Journals ‘......CKX tables redevelopment plans for Elvis’ Graceland Follow this company said in an annual report it spent $1.6 million last year retooling a master plan for the property and surrounding area, but that such a redevelopment has been postponed and would take years to complete “if and when pursued,.......Nearly 6 years of "retooling" ( at $1.6 million for 2010 alone) I am not so sure a final plan was ever in place.

vivaelvis
06-30-2011, 10:41 PM
March 2011:
Graceland owner CKx Inc. CKx Inc. Latest from The Business Journals ‘......CKX tables redevelopment plans for Elvis’ Graceland Follow this company said in an annual report it spent $1.6 million last year retooling a master plan for the property and surrounding area, but that such a redevelopment has been postponed and would take years to complete “if and when pursued,.......Nearly 6 years of "retooling" ( at $1.6 million for 2010 alone) I am not so sure a final plan was ever in place.

CKX is also $175 million in credit debt and that's one big reason that the plans never got off the ground. Apollo didn't buy CKX just because they can. Leon Black won't leave CKX as is. They will most definitely restructure the company, possibly shaking up the staffs of IDOL and EPE. Both lost money due to questionable deals. EPE has lost millions off of poor dealings and managements in the past such as the EPM, Heartbreak Hotel, the failed Las Vegas resort that never came to be and VivaElvis show in Vegas. All that falls on EPE's CEO and If I were Jack Soden and all other EPE employees, I would be concerned about my job security at the moment.

vivaelvis
06-30-2011, 10:55 PM
Perhaps longer-heres part of an opinion from a financial editor about this sale:
......Apollo will have its hands full: CKX must negotiate a new Idol deal with Fox, and develop plans to fix up Graceland, Presley's former home that's now a tourist attraction. Sillerman, who amassed his fortune trading radio stations and concert venues, now is building Function (x), an investment firm that plans to focus on media and entertainment ventures.......

I think if any clean sweep is coming by Apollo-the management team who "mastermind the progress for Gracelands expansion" should be the ones swept. If Apollo just leaves the same people in place-that will not inspire me to confidence.

None of us know when the proposed expansion will ever takes place, especially some financial editor. For one thing he's going by hearsay not by facts. Apollo has already stated since the sale and the tender offer that expansion to the Graceland tourist attraction is slated for 2012 and 2013 with capital expenditure. An expansion of some kind is going to happen. The big question is when and how big will it be. Will they go through with their original master plan that was too costly or abandon it and design a new one downsized that fits their budget more?

Jungleroom76
07-01-2011, 01:30 AM
Well lets be realistic-I would say that EPEs employees are very little different than other employees at major companies in that customer service and a "respectful attitude to the customer" are very low everywhere IMO
There was a time that people could not use the phone at work unless it was on their lunch or a the morning/afternoon 10 minute break-not anymore.
There was a time that people could not smoke unless on lunch and the morning/afternoon 10 minute break-now they sneak out of the buildings for a 5 minute smoke every chance they get (which robs customers, the employers, and other non smoking employees of money, time and shared workload)
There was a time that your clothes should be clean, neat, and work appropriate-yet today people think they can wear low cut tops, jeans with holes in them bagging to below the hips, and claim its their right to "express themselves freely"
There was a time that you did not call off unless you were truely sick or a relative was sick-now sick days are treated as vacation days by employees which disrupts the work place for customers, fellow employees and employers.
In the old days there use to be something called a work ethic-where you worked to the utmost of your ability to fullfill the obligations of the job "You agreed to when you took it" Why just get by and do only what you have to on a job-jump in and WORK-hard work hurts no one.
I work for a company where people are hired, they are put thru orientation....the job and its requirements are explained in full and in many cases (so many its not even funny) the people quit within 3 months, or after a few days. Their ATTITUDE is "no one tells me anything" this is just a job.
Unfortunately this is everywhere and not just EPE-IMO many young people expect to start out like the life they lived in theirs parents home-and its does not work that way. Parents are seeing kids stay at home well into their 30s-I left home at 17-never been back-most of my peers also were out of the house by 20.
As I have said before-EPE is only a product of Colonel Parkers and his snowing/control of Elvis-we all know EPE owns no recordings, owns none of the 33 movies and Elvis's will "instructed the probate court to protect and grow the estate for his daughter" how could they do that without the music or films??? How could they do that without full artist royaltees for all of Elvis recorded career-and not just 73 to 77???
Some will say how much money is enough for Lisa and all offspring down the road-as a father I would answer "Continue to build and protect the estate period"
If Elvis had planned better-"EPE would not have been necessary in the form it has taken" and once you start down the road taken-it snowballs....
I am not defending EPE-but explaining as I see it the realitities of how it came about-how it had little choice than to become what it is.
As a father I would ask-has the legal will Elvis signed been followed and have his instructions been honored-YES.

All excellent points as always Ken!! (y)

I should have stated in my previous post that I understand and realize that EPE is a business, thus the need to meet the bottom line in terms of income. But still...with the HEARTBREAK HOTEL in less than desirable condition, some poorly conceived merchandise (rubber ducks anyone?) and other mistakes over the years, you would think that the company would take more pride in representing Elvis Presley and his image...an image which the company is so concerned about keeping positive that they continue to seldom acknowledge anything Elvis did post-Aloha!! Yet, they have no problem putting rubber ducks and Potato Head figures out there, almost mocking the man's image in my opinion...very peculiar business ethics at times, that is for sure!! :hmm:

But you're right Ken...the quality of employees is not just lacking at EPE but all over!! I can't tell you the number of times I've gone into McDonalds or Burger King and either not gotten back the right change from my order, or worse yet, having them forget to put food in my bags...and they supposedly have computers that are designed to get things right every time!! I understand an occasional mistake will occur...people are human! But it's gotten so bad at my local McDonald's that I have to go out of town if I want to eat there, because they make mistakes at my local McD's ALL THE TIME and when you go in to complain, all you find are a bunch of teenagers milling around that all have clueless looks on their faces and clearly don't want to be there or do anything!! And sadly, these are the people that I have to depend on to take care of me when I get to be a senior citizen... :blink:

But I digress....I know EPE can't clearly make it right every single time with every single employee they hire, but shouldn't it at least be a job requirement that the employees that EPE are hiring at least KNOW who Elvis Presley is??? :hmm: ;)

TCB!
Mike

Jungleroom76
07-01-2011, 01:31 AM
Perhaps longer-heres part of an opinion from a financial editor about this sale:
......Apollo will have its hands full: CKX must negotiate a new Idol deal with Fox, and develop plans to fix up Graceland, Presley's former home that's now a tourist attraction. Sillerman, who amassed his fortune trading radio stations and concert venues, now is building Function (x), an investment firm that plans to focus on media and entertainment ventures.......

I think if any clean sweep is coming by Apollo-the management team who "mastermind the progress for Gracelands expansion" should be the ones swept. If Apollo just leaves the same people in place-that will not inspire me to confidence.

PRECISELY!!! :hmm:

TCB!
Mike

Jungleroom76
07-01-2011, 01:34 AM
None of us know when the proposed expansion will ever takes place, especially some financial editor. For one thing he's going by hearsay not by facts. Apollo has already stated since the sale and the tender offer that expansion to the Graceland tourist attraction is slated for 2012 and 2013 with capital expenditure. An expansion of some kind is going to happen. The big question is when and how big will it be. Will they go through with their original master plan that was too costly or abandon it and design a new one downsized that fits their budget more?

EXACTLY RIGHT MY FRIEND!!! (y)

My guess is the expansion will happen later, rather than sooner, so Apollo can be sure they have all their ducks in a row, so to speak. And, I would also guess that the expansion will be significantly downgraded, at least initially. The expansion will probably be created in such a way so as to be able to do it in phases, so they can complete one phase, wait for some money to come in to refill the coiffures, then move on to the next phase. Just my guess though... :hmm:

TCB!
Mike

vivaelvis
07-01-2011, 02:14 AM
EXACTLY RIGHT MY FRIEND!!! (y)

My guess is the expansion will happen later, rather than sooner, so Apollo can be sure they have all their ducks in a row, so to speak. And, I would also guess that the expansion will be significantly downgraded, at least initially. The expansion will probably be created in such a way so as to be able to do it in phases, so they can complete one phase, wait for some money to come in to refill the coiffures, then move on to the next phase. Just my guess though... :hmm:

TCB!
Mike
I agree with that. What will be interesting is to see if Leon Black decides to clean house and bring in an all new staff at EPE and IDOL or stay pat. IDOL and EPE both need makeovers.

Jungleroom76
07-01-2011, 03:33 AM
I agree with that. What will be interesting is to see if Leon Black decides to clean house and bring in an all new staff at EPE and IDOL or stay pat. IDOL and EPE both need makeovers.

Let's hope so...while I am not an IDOL follower so I can't really answer that portion of your statement, some new blood is DEFINITELY AND SORELY needed at EPE to bring in some fresh and current ideas!! (y)

Let's hope that happens...otherwise, it'll just be more of the same ol', same ol'... (n)

TCB!
Mike

vivaelvis
07-05-2011, 09:30 PM
I spoke to my friend and source over the weekend and what he told me was some interesting things.

-The city is moving forward with improving EP BLVD and is slated to begin work in 2012 starting with phase 1 from Shelby Dr to Raines. The immediate Graceland area (Craft Rd to Winchester) will be phase 2 and should begin in 2013 or 2014-depending on the economy.

-EPE is desperate and needs a new hotel and is in talks with multiple candidates about a partnership including Disney to build a new Heartbreak Hotel at Graceland. A partnership with Disney could do wonders for Elvis on a global level. EPE has been catering more to young adults and kids lately and slowly deferring to the older fan base. Disney already has a licensing agreement with EPE.

-New owners, Apollo wants to expand the Graceland attraction and the Elvis brand globally and may go a different route than CKX had planned. It's all about money as is everything these days and it could be less or more. Whatever it takes to increase the value of EPE and strengthen the company for the future. Don't be surprised if Apollo makes changes within the front office of EPE.

-EPE has talked with Justin Timberlake about a special event in June 2012 at Graceland to celebrate the 30th anniversary of its opening.

-Entertainment Media mogul, Simon Fuller wants to be in control of Elvis' legacy. It's no coincidence with his funding a new Elvis movie and wanting to buy Elvis' music rights for his new company Blackwell Fuller. Don't be surprised if his name pops up on future Elvis related developments.

-EPE is banking on 2012 as the ultimate Elvis Week ever assembled.

-EPE is looking at a special concert event in late 2012 to honor Elvis at the FedExForum. Dates may not be an issue since the NBA may not have a season due to a lockout.

-EPE is also looking into an Elvis-themed network of some kind.


Those were the things we discussed that I could share. Keep in mind that nothing is concrete and are subject to change. But they do sound promising for EPE and Elvis.(y)

KPM
07-05-2011, 10:29 PM
All excellent points as always Ken!! (y)

I should have stated in my previous post that I understand and realize that EPE is a business, thus the need to meet the bottom line in terms of income. But still...with the HEARTBREAK HOTEL in less than desirable condition, some poorly conceived merchandise (rubber ducks anyone?) and other mistakes over the years, you would think that the company would take more pride in representing Elvis Presley and his image...an image which the company is so concerned about keeping positive that they continue to seldom acknowledge anything Elvis did post-Aloha!! Yet, they have no problem putting rubber ducks and Potato Head figures out there, almost mocking the man's image in my opinion...very peculiar business ethics at times, that is for sure!! :hmm:

But you're right Ken...the quality of employees is not just lacking at EPE but all over!! I can't tell you the number of times I've gone into McDonalds or Burger King and either not gotten back the right change from my order, or worse yet, having them forget to put food in my bags...and they supposedly have computers that are designed to get things right every time!! I understand an occasional mistake will occur...people are human! But it's gotten so bad at my local McDonald's that I have to go out of town if I want to eat there, because they make mistakes at my local McD's ALL THE TIME and when you go in to complain, all you find are a bunch of teenagers milling around that all have clueless looks on their faces and clearly don't want to be there or do anything!! And sadly, these are the people that I have to depend on to take care of me when I get to be a senior citizen... :blink:

But I digress....I know EPE can't clearly make it right every single time with every single employee they hire, but shouldn't it at least be a job requirement that the employees that EPE are hiring at least KNOW who Elvis Presley is??? :hmm: ;)

TCB!
Mike
Things like rubber ducks are aggravating I agree-they have nothing to do with music or Elvis, but kids may like them and it may introduce them in a roundabout way to Elvis its hard to understand how they come up with some of these things?????
But things like bathroom items with Elvis' name or image on them do bother me-but some fans eat that stuff up and as long as they buy it EPE will sell it. Parker licensed bedroom curtains with Elvis picture on them, rugs, front door mats, shoes, socks, underwear etc......its the way its been done and probably always will be in an imperfect world and circumstance.
Good publicity is supposedly any that mentions your name whether in a good story or bad-some may feel thats the same with merchadise that it promotes you nomatter what its on (Parker sure felt that way after Elvis died-Elvis wine comes to mind)
This is a train which started in 1956 and its probably never going to be derailed.
People who work at Graceland should have an idea of who and what Elvis is, I agree....my daughter went to Graceland 2 years ago and she found the tour guide pretty knowledgable and friendly so I guess they have good one and bad ones , like all places.

Brian Quinn
07-05-2011, 10:53 PM
I spoke to my friend and source over the weekend and what he told me was some interesting things.

-The city is moving forward with improving EP BLVD and is slated to begin work in 2012 starting with phase 1 from Shelby Dr to Raines. The immediate Graceland area (Craft Rd to Winchester) will be phase 2 and should begin in 2013 or 2014-depending on the economy.

-EPE is desperate and needs a new hotel and is in talks with multiple candidates about a partnership including Disney to build a new Heartbreak Hotel at Graceland. A partnership with Disney could do wonders for Elvis on a global level. EPE has been catering more to young adults and kids lately and slowly deferring to the older fan base. Disney already has a licensing agreement with EPE.

-New owners, Apollo wants to expand the Graceland attraction and the Elvis brand globally and may go a different route than CKX had planned. It's all about money as is everything these days and it could be less or more. Whatever it takes to increase the value of EPE and strengthen the company for the future. Don't be surprised if Apollo makes changes within the front office of EPE.

-EPE has talked with Justin Timberlake about a special event in June 2012 at Graceland to celebrate the 30th anniversary of its opening.

-Entertainment Media mogul, Simon Fuller wants to be in control of Elvis' legacy. It's no coincidence with his funding a new Elvis movie and wanting to buy Elvis' music rights for his new company Blackwell Fuller. Don't be surprised if his name pops up on future Elvis related developments.

-EPE is banking on 2012 as the ultimate Elvis Week ever assembled.

-EPE is looking at a special concert event in late 2012 to honor Elvis at the FedExForum. Dates may not be an issue since the NBA may not have a season due to a lockout.

-EPE is also looking into an Elvis-themed network of some kind.


Those were the things we discussed that I could share. Keep in mind that nothing is concrete and are subject to change. But they do sound promising for EPE and Elvis.(y)

Thanks for the heads up Viva. Very interesting indeed. The Disney connection looks very promising and the best thing that could happen to Elvis' Legacy is for Simon Fuller to buy the rights to his music. The proposed 2012 concert at the FedExForum also sounds a great idea, hopefully with some big artists and made into a TV Special.

Please keep us all posted and thanks for your efforts.

Brian (y)

KPM
07-05-2011, 10:55 PM
I spoke to my friend and source over the weekend and what he told me was some interesting things.

-The city is moving forward with improving EP BLVD and is slated to begin work in 2012 starting with phase 1 from Shelby Dr to Raines. The immediate Graceland area (Craft Rd to Winchester) will be phase 2 and should begin in 2013 or 2014-depending on the economy.

-EPE is desperate and needs a new hotel and is in talks with multiple candidates about a partnership including Disney to build a new Heartbreak Hotel at Graceland. A partnership with Disney could do wonders for Elvis on a global level. EPE has been catering more to young adults and kids lately and slowly deferring to the older fan base. Disney already has a licensing agreement with EPE.-New owners, Apollo wants to expand the Graceland attraction and the Elvis brand globally and may go a different route than CKX had planned. It's all about money as is everything these days and it could be less or more. Whatever it takes to increase the value of EPE and strengthen the company for the future. Don't be surprised if Apollo makes changes within the front office of EPE.

-EPE has talked with Justin Timberlake about a special event in June 2012 at Graceland to celebrate the 30th anniversary of its opening.

-Entertainment Media mogul, Simon Fuller wants to be in control of Elvis' legacy. It's no coincidence with his funding a new Elvis movie and wanting to buy Elvis' music rights for his new company Blackwell Fuller. Don't be surprised if his name pops up on future Elvis related developments.

-EPE is banking on 2012 as the ultimate Elvis Week ever assembled.

-EPE is looking at a special concert event in late 2012 to honor Elvis at the FedExForum. Dates may not be an issue since the NBA may not have a season due to a lockout.

-EPE is also looking into an Elvis-themed network of some kind.


Those were the things we discussed that I could share. Keep in mind that nothing is concrete and are subject to change. But they do sound promising for EPE and Elvis.(y)
A licensing agreement for Elvis's image in a movie like "Lilo and Stitch" is a far cry from a full partnership.
Disney is famously independent in its business interests and likes total control for most things-so I will go on record as saying that this rumor will never happen.
If EPE needs a hotel its seems logical that-deep pocketed Apollo should be the one they go to-not an outside interest.
Since the Fuller funded movie-is still in its earliest developement stage-that also is still in much doubt as to when or even "IF"
The rumor of Fuller wanting to buy Elvis's music rights-is similar to the rumor "7 years ago" that Sillerman would buy Elvis's music or Sony music itself never happened as we all know.

The rumor mill is full of things where "nothing is concrete and are subject to change" I think we should all take a breath, and see what transpires that is "concrete" because speculation only leads to disappointment and even confusion within a company about what to do.
A million rumors no matter how good the sources may be-do not produce action. Action comes when plans are set, financed and concrete.
I recall a few years back the rumor that a character named Elvis-perhaps a digitally created Elvis himself would end up in the last Indiana Jones movie-everyone was hopeful and excited-then came the letdown....that the character was not Elvis... only the description of Indiana Jones son in the film who rode a motorcycle combed his hair a lot and was a rebel. But for months speculation among we fans had Elvis being digitally inserted into this movie.

vivaelvis
07-06-2011, 01:04 AM
A licensing agreement for Elvis's image in a movie like "Lilo and Stitch" is a far cry from a full partnership.
Disney is famously independent in its business interests and likes total control for most things-so I will go on record as saying that this rumor will never happen.
If EPE needs a hotel its seems logical that-deep pocketed Apollo should be the one they go to-not an outside interest.
Since the Fuller funded movie-is still in its earliest developement stage-that also is still in much doubt as to when or even "IF"
The rumor of Fuller wanting to buy Elvis's music rights-is similar to the rumor "7 years ago" that Sillerman would buy Elvis's music or Sony music itself never happened as we all know.

The rumor mill is full of things where "nothing is concrete and are subject to change" I think we should all take a breath, and see what transpires that is "concrete" because speculation only leads to disappointment and even confusion within a company about what to do.
A million rumors no matter how good the sources may be-do not produce action. Action comes when plans are set, financed and concrete.
I recall a few years back the rumor that a character named Elvis-perhaps a digitally created Elvis himself would end up in the last Indiana Jones movie-everyone was hopeful and excited-then came the letdown....that the character was not Elvis... only the description of Indiana Jones son in the film who rode a motorcycle combed his hair a lot and was a rebel. But for months speculation among we fans had Elvis being digitally inserted into this movie.

I don't know too much about the possible deal with Disney but I do know that both sides are talking of some type of partnership. I guess it all depends on what Disney's demands would be. EPE is wanting to have a big financial partner with the same type of vision as they have.

Apollo is it's parent owner, not a partner. They will invest into the Graceland property and the company but they won't hold EPE's hand either. They will expect them to be able to negotiate on their own at times. Here's a little info and facts about Apollo.

-The firm has invested over $16 billion in companies.

-As of March 2011, Apollo managed over US$70 billion of investor commitments across its private equity funds and other investment vehicles making it one of the largest private equity firms globally.

-Among the most notable companies currently owned by Apollo are AMC Entertainment, Claire's, Caesars Entertainment Corporation, Norwegian Cruise Line, and Realogy (Coldwell Banker and Century 21 Real Estate) and now CKX Inc including EPE, Graceland operations, American Idol, 19 Entertainment, and Mohammed Ali,


One more thing. EPE cannot survive as is without having a powerful financial business partner to work with. Most companies go that route when looking to expand their horizons unless they are already financially secure. EPE is not. They make over $50 million a year but that's not a lot in this day and age when you consider royalties, licensing, staff and other expenses to pay off annually. Just look at the company today. And then look at their poor facilities that they have to offer such as the HH. It's got to be an embarrassment to them to be so popular. Imagine if Disney was ran like EPE. They would be out of business by now.

KPM
07-07-2011, 10:03 PM
I don't know too much about the possible deal with Disney but I do know that both sides are talking of some type of partnership. I guess it all depends on what Disney's demands would be. EPE is wanting to have a big financial partner with the same type of vision as they have.

Apollo is it's parent owner, not a partner. They will invest into the Graceland property and the company but they won't hold EPE's hand either. They will expect them to be able to negotiate on their own at times. Here's a little info and facts about Apollo.-The firm has invested over $16 billion in companies.

-As of March 2011, Apollo managed over US$70 billion of investor commitments across its private equity funds and other investment vehicles making it one of the largest private equity firms globally.

-Among the most notable companies currently owned by Apollo are AMC Entertainment, Claire's, Caesars Entertainment Corporation, Norwegian Cruise Line, and Realogy (Coldwell Banker and Century 21 Real Estate) and now CKX Inc including EPE, Graceland operations, American Idol, 19 Entertainment, and Mohammed Ali,


One more thing. EPE cannot survive as is without having a powerful financial business partner to work with. Most companies go that route when looking to expand their horizons unless they are already financially secure. EPE is not. They make over $50 million a year but that's not a lot in this day and age when you consider royalties, licensing, staff and other expenses to pay off annually. Just look at the company today. And then look at their poor facilities that they have to offer such as the HH. It's got to be an embarrassment to them to be so popular. Imagine if Disney was ran like EPE. They would be out of business by now.
Wow do we disagree- Apollo is the parent owner-not a partner??? Have you not stressed Apollos deep pockets when this news broke?
Deep pockets which you implied would benefit EPE, Elvis's image and the much mentioned much touted expansion?
If they are not going to use their "deep pockets" to further the plans of expansion and......if EPE must look to partnerships with Disney or others(as your rumor suggests) what good was the Apollo deal?
Any company I have been affiliated with did have a parent company-and those parents were indeed called partners in inter office memos-and they did have "a huge inpact on who what where and when of how the company proceeded"....... very few major deals did not originate from the parent company and were implimented with constant oversight by the parent company (at times to the detriment of the companies I worked for)
So all this seems strange-Apollo would not buy CKX for the price it paid and then say-
"Okay now lets pretend we did not spend hundreds of millions and we'll keep out hands out of the plans for the future and when ideas are considered-let each company just do as they will and hope its what we would have done"
Thats not the way it has worked in my last couple of jobs for some pretty large companies-which is why the idea of EPE making large scale deals with any major company (such as Disney) without Apollo being instrumental in that deal seems to ring hollow.
Your idea that EPE is not financially secure-sorry but that rings hollow also....Sillerman did not think so when he shelled out over 100 million to Lisa plus CKX stock plus the fact that all he bought was image and licensing rights, everything else all real property home grounds, personal items, etc is Lisa's plus Lisa has 15% ownership in the licensing and image rights.
EPE had grown to the point that it enticed Sillerman to buy-Lisa and EPE execs knew that to grow even larger-new ideas and money would be needed, and Sillerman came up with the money upfront-and many said "he also had deep pockets to reach goals many bandied about"
Apollo now buys CKX, which EPE is a huge part of, like Sillerman before them-they also must have had confidence in the picture they see at EPE and the rest of CKX or why spend so much to buy it all???

KPM
07-07-2011, 10:13 PM
Heres some of what Entrepenuer magazine had to say about EPE in a lengthy article a few years back:
...............Even more astonishing than the influence Elvis had on his own generation, however, are the popularity and fame he still has today. Boasting worldwide sales of close to 50 million units for the past decade alone, Elvis was among the top 40 best-selling artists for the same period. (5) There are currently more than 625 Elvis fan clubs worldwide, and Elvis maintains a ubiquitous presence as an American icon. One poignant example of how the old has fused with the new is the fact that the official Elvis Presley Web site, www.elvis.com, gets 45 million hits each month. (6) The demand for Elvis has continued well beyond his untimely death on August 16, 1977. However, this might not have been the case but for the vision of the executors of Elvis Presley Enterprises, Inc. (EPE). This corporate vision has germinated into a multimillion-dollar reality of approximately $250 million (7) in gross annual revenues for EPE. Today, the management team consists of Lisa Marie Presley, owner and chairman of the board; Priscilla P resley president of EPE in Los Angeles; Jack Soden, CEO; Todd Morgan, director of media and creative development; Debbie Johnson, vice president of operations and general manager; and the directors, managers, and staff who support various departments, including merchandising, licensing, entertainment and music publishing, marketing, and human resources. EPE also has worldwide licensing operations. In the absence of an astute corporate strategy, however, EPE could not have become the lucrative empire it is today....

vivaelvis
07-07-2011, 10:49 PM
Wow do we disagree- Apollo is the parent owner-not a partner??? Have you not stressed Apollos deep pockets when this news broke?
Deep pockets which you implied would benefit EPE, Elvis's image and the much mentioned much touted expansion?
If they are not going to use their "deep pockets" to further the plans of expansion and......if EPE must look to partnerships with Disney or others(as your rumor suggests) what good was the Apollo deal?
Any company I have been affiliated with did have a parent company-and those parents were indeed called partners in inter office memos-and they did have "a huge inpact on who what where and when of how the company proceeded"....... very few major deals did not originate from the parent company and were implimented with constant oversight by the parent company (at times to the detriment of the companies I worked for)
So all this seems strange-Apollo would not buy CKX for the price it paid and then say-
"Okay now lets pretend we did not spend hundreds of millions and we'll keep out hands out of the plans for the future and when ideas are considered-let each company just do as they will and hope its what we would have done"
Thats not the way it has worked in my last couple of jobs for some pretty large companies-which is why the idea of EPE making large scale deals with any major company (such as Disney) without Apollo being instrumental in that deal seems to ring hollow.
Your idea that EPE is not financially secure-sorry but that rings hollow also....Sillerman did not think so when he shelled out over 100 million to Lisa plus CKX stock plus the fact that all he bought was image and licensing rights, everything else all real property home grounds, personal items, etc is Lisa's plus Lisa has 15% ownership in the licensing and image rights.
EPE had grown to the point that it enticed Sillerman to buy-Lisa and EPE execs knew that to grow even larger-new ideas and money would be needed, and Sillerman came up with the money upfront-and many said "he also had deep pockets to reach goals many bandied about"
Apollo now buys CKX, which EPE is a huge part of, like Sillerman before them-they also must have had confidence in the picture they see at EPE and the rest of CKX or why spend so much to buy it all???


You misunderstood what I was saying.

CKX Entertainment now owns CKX Inc-the parent company of EPE, and is an affiliate of Apollo Global management. AGM is a private equity firm. CKX was not and had to depend on developments for revenue. Apollo will invest money into CKX Entertainment to take them out of credit debt of $175 million and then spread out the rest to its assets such as IDOL, EPE and Graceland, Ali and 19 Entertainment. I have studied this since Apollo made the offer to buy CKX in May and followed to the tender offer was complete. I check daily for updates as I am curious as to see where EPE sits as far as expansion within the company and the redevelopment of Graceland. Apollo's main primary duty is to strengthen the companies that they own. Not to babysit them. It's then up to those companies to stay strong or risk collapse which is not what Apollo wants to see. For instance, Caesars Entertainment is owned by Apollo and is back in debt due to the economy as casinos are losing millions because people aren't spending money in them right now. Some are even closing because of it. So, Apollo will have to raise capital to invest funding to CE to maintain stability. That's pretty much how a private equity firm works.

If you go back to 2007, Robert FX Sillerman was then talking of taking CKX Inc private with a business partner. The reason CKX board members agreed to sell to Apollo was to take the company private and to keep from having to file for chapter 11 bankruptcy which would have affected EPE and Graceland as a business. The reason for going private is to not have to risk the fear of bankruptcy and value dropping and losing money in stock. If you go to ckx.com you will see that there no longer is a daily stock quote for the company. That's because it's privately ran now under Apollo.

A company like EPE today should be making double. They have succeed only because of interest to Elvis but should be more secure with spending cash to upgrade facilities and developing other projects globally. Soden has failed in that department as a CEO. EPE is NOT as financially secure as they would like to be. Otherwise they would not need a business partner to help with a new hotel. It's not just about building the facility but more to do with maintaining upkeep and paying a top notch staff to keep guests coming back, which EPE doesn't have. A partner will allow them to split the bill so to speak and save on expenses where the partner does the same but benefits in the long term. Naming rights, promotions, etc are a big part in a business partnership.

Apollo does have extremely deep pockets compared to that of CKX. About $70 billion deeper. But they also own over 50 other major companies throughout the world so that money has to be managed and spent wisely. Comparing Sillerman/CKX to Apollo/Leon Black is like the difference in apples to watermelons.

vivaelvis
07-07-2011, 10:58 PM
One thing that has hurt EPE has been not investing into other companies and staying within the Elvis world only. Look at Disney. They have dramatically grown not because of parks but because of buying up other corporations and making deals such as purchasing ABC Network and building a true empire. EPE could have bought up smaller businesses, restructured them and used revenue off of them to upgrade Graceland and buy up Elvis' music and movie rights. They do own 65% of the movie royalty rights but not the film rights. EPE has made some good business deals in the past but some bad ones too.

KPM
07-07-2011, 11:01 PM
Elvis will survive regardless of what Apollo, CKX or even EPE do....I sometimes think when these "business threads" have been started that people lose sight of the very heart of any business venture that involves the image of Elvis-and that is ELVIS. Before EPE, Apollo, or CKX ........Elvis sold.
People lined up to try and get a license agreement to market just about anything-because of ELVIS not because of the parent company or the business partners he had.
ELVIS sells ELVIS-I think it needs to be said once in a while.Sillerman did not shell out the 100 million to just any entertainers family, Perry Comos rights were available, :D So were many other entertainers whos families would settle for 4-5 million up front and retain no percentage of ownership nor stock in the buying company.
ELVIS sold Sillerman, Elvis's image, his proven selling ability driven by his talent and charisma-that is why he put up so much money to get 85% and to lease Graceland for years.

vivaelvis
07-07-2011, 11:18 PM
Elvis will survive regardless of what Apollo, CKX or even EPE do....I sometimes think when these "business threads" have been started that people lose sight of the very heart of any business venture that involves the image of Elvis-and that is ELVIS. Before EPE, Apollo, or CKX ........Elvis sold.
People lined up to try and get a license agreement to market just about anything-because of ELVIS not because of the parent company or the business partners he had.
ELVIS sells ELVIS-I think it needs to be said once in a while.Sillerman did not shell out the 100 million to just any entertainers family, Perry Comos rights were available, :D So were many other entertainers whos families would settle for 4-5 million up front and retain no percentage of ownership nor stock in the buying company.
ELVIS sold Sillerman, Elvis's image, his proven selling ability driven by his talent and charisma-that is why he put up so much money to get 85% and to lease Graceland for years.

That's all true. However, nothing survives without money involved. Take away money and no cd sell, no tours of Graceland, no tv appearances, no marketing, no revenue. Therefor, no Elvis. But, as long as money is invested into the company and there's a global interest then Elvis WILL survive. But it's also up to those companies to maintain his importance, and relevance. Sillerman saw a gold mine and had the cash to pay for it. But his plans never panned out due to economical difficulties. What hurt him the most was trying to plan a Las Vegas resort that would have cost $3 billion without having the financing lined up and as a result saw his FX Real Estate file for bankruptcy. FXRE was to finance the new hotels planned for Graceland at the time. Therefor pushing expansion farther back.

Although it remains to be seen, but being under Apollo's watchful eye and having their financing to make the company stronger may be what EPE's been needing for decades.

To shed light on this matter, here's the definition for what a private equity firm does.

Ownership in a corporation that is not publicly-traded. That is, private equity involves investing in privately held companies. Most of the time, private equity investors are institutional investors and high net-worth individuals who have a large amount of capital to commit to these investments. Private equity is usually held for a long period of time, and trading in it is useful when a company is in danger of bankruptcy, because it provides access to a great deal of capital very quickly.

Jungleroom76
07-08-2011, 12:17 AM
Things like rubber ducks are aggravating I agree-they have nothing to do with music or Elvis, but kids may like them and it may introduce them in a roundabout way to Elvis its hard to understand how they come up with some of these things?????
But things like bathroom items with Elvis' name or image on them do bother me-but some fans eat that stuff up and as long as they buy it EPE will sell it. Parker licensed bedroom curtains with Elvis picture on them, rugs, front door mats, shoes, socks, underwear etc......its the way its been done and probably always will be in an imperfect world and circumstance.
Good publicity is supposedly any that mentions your name whether in a good story or bad-some may feel thats the same with merchadise that it promotes you nomatter what its on (Parker sure felt that way after Elvis died-Elvis wine comes to mind)
This is a train which started in 1956 and its probably never going to be derailed.
People who work at Graceland should have an idea of who and what Elvis is, I agree....my daughter went to Graceland 2 years ago and she found the tour guide pretty knowledgable and friendly so I guess they have good one and bad ones , like all places.

THAT is certainly good news...some EPE employees who both know who they are promoting/representing and are proud to do so!!! (y)

You're right though on all other points...it all started with The Colonel, and to be honest, when you look at other artists, they all more or less do business the same way as The Colonel did and EPE still does. So you really could point to The Colonel not only as the one who created the whole promotional thing for Elvis, but in a way, for all other artists to follow. Too bad The Colonel turned out to be such a crook in the end...but I digress... :blush:

But you are right...it's always been the philosophy that "if it ain't broke, don't fix it" and despite what we fans may find fault with, as long as the money keeps rolling into EPE, nothing will change...which is both a positive and a negative thing... :hmm:

TCB!
Mike

Jungleroom76
07-08-2011, 12:18 AM
I don't know too much about the possible deal with Disney but I do know that both sides are talking of some type of partnership. I guess it all depends on what Disney's demands would be. EPE is wanting to have a big financial partner with the same type of vision as they have.

Apollo is it's parent owner, not a partner. They will invest into the Graceland property and the company but they won't hold EPE's hand either. They will expect them to be able to negotiate on their own at times. Here's a little info and facts about Apollo.

-The firm has invested over $16 billion in companies.

-As of March 2011, Apollo managed over US$70 billion of investor commitments across its private equity funds and other investment vehicles making it one of the largest private equity firms globally.

-Among the most notable companies currently owned by Apollo are AMC Entertainment, Claire's, Caesars Entertainment Corporation, Norwegian Cruise Line, and Realogy (Coldwell Banker and Century 21 Real Estate) and now CKX Inc including EPE, Graceland operations, American Idol, 19 Entertainment, and Mohammed Ali,


One more thing. EPE cannot survive as is without having a powerful financial business partner to work with. Most companies go that route when looking to expand their horizons unless they are already financially secure. EPE is not. They make over $50 million a year but that's not a lot in this day and age when you consider royalties, licensing, staff and other expenses to pay off annually. Just look at the company today. And then look at their poor facilities that they have to offer such as the HH. It's got to be an embarrassment to them to be so popular. Imagine if Disney was ran like EPE. They would be out of business by now.

Some GREAT information there vivaelvis!! THANKS SO MUCH for posting it!! (y)

I am definitely excited to see what happens next year in terms of construction/re-construction in and around Graceland!! :hmm:

TCB!
Mike

Spades
07-08-2011, 04:00 AM
Hello! I'm new around here. As I was reading this thread, I began to wonder if the new ownership would affect my planned trip up to Graceland in May 2012. I hope it wouldn't, because I can't really see the new owners saying "Guess what! We're closing Graceland for now and demoing the HH", with it being so close to Elvis week, but one can never know. But I do believe that CKX being bought out is a really good move that will greatly benefit EPE! (hopefully...)

vivaelvis
07-08-2011, 09:10 PM
Hello! I'm new around here. As I was reading this thread, I began to wonder if the new ownership would affect my planned trip up to Graceland in May 2012. I hope it wouldn't, because I can't really see the new owners saying "Guess what! We're closing Graceland for now and demoing the HH", with it being so close to Elvis week, but one can never know. But I do believe that CKX being bought out is a really good move that will greatly benefit EPE! (hopefully...)

Spades, to address your concern, I would say not likely that anything will happen prior to the big Elvis Week next year. The car show will be held at the site of the old Craft Apartments and that is where a newly proposed hotel is being planned. It's about 18 acres of open space with big oak trees spaced out. However, should they decide to build it where the current hotel is, then they could shut down the HH and demolish it to build the new one in its place. A new 175-room hotel, possibly a tower-style hotel of about 5 or 6 stories, should only take about a year max to build. I guess it all depends on how big they plan to go with it.

Now, having said that, I don't look for them to begin any construction on a new hotel until after Elvis Week due to the traffic of fans and car parking spaces that will be needed. EPE will be shutting down part of the big parking lot to place an indoor air-conditioned mobile pavilion that's gonna be set up there.

KPM
07-09-2011, 12:34 AM
That's all true. However, nothing survives without money involved. Take away money and no cd sell, no tours of Graceland, no tv appearances, no marketing, no revenue. Therefor, no Elvis. But, as long as money is invested into the company and there's a global interest then Elvis WILL survive. But it's also up to those companies to maintain his importance, and relevance. Sillerman saw a gold mine and had the cash to pay for it. But his plans never panned out due to economical difficulties. What hurt him the most was trying to plan a Las Vegas resort that would have cost $3 billion without having the financing lined up and as a result saw his FX Real Estate file for bankruptcy. FXRE was to finance the new hotels planned for Graceland at the time. Therefor pushing expansion farther back.

Although it remains to be seen, but being under Apollo's watchful eye and having their financing to make the company stronger may be what EPE's been needing for decades.

To shed light on this matter, here's the definition for what a private equity firm does.

Ownership in a corporation that is not publicly-traded. That is, private equity involves investing in privately held companies. Most of the time, private equity investors are institutional investors and high net-worth individuals who have a large amount of capital to commit to these investments. Private equity is usually held for a long period of time, and trading in it is useful when a company is in danger of bankruptcy, because it provides access to a great deal of capital very quickly.Once again-we TOTALLY disagree-sure promotion helps stir interest-but its ELVIS that sellls all this product-not Apollos deep pockets, not CKXs expansion ideas (that have gone nowhere) not Sillerman. The Beatles will always sell, Sinatra will always sell- Elvis will always sell-granted not like a current artist, not like he did when he broke into music but you sell him short. You seem to think that $250 million gross a year with net profits of $50 million is small potatoes? For an artist who left nothing musically new in the vaults, who does not get artist royaltees on all recordings prior to 1973, for an artist who did not own his films-thats a pretty good chunk of change.
Economical difficulties for Sillerman began with poor planning/poor execution-the huge economic downfall for the world began at the end of the Bush presidency in late 2008-that was the time the real train wreck happened so I just do not buy that idea. Up to that point in time money was being made, jobs were in place, credit was fairly easy to obtain.
The companies my wife and I work for-had no problems.....until the banking/Wall Street/Housing collapses after 2008. I have a brother who is a credit manager for a large credit union-they had no problems and their members until after 2008 when credit tightened, people lost jobs and panic hit Wall Street. To say Sillermans problems were all because of the downturn is just not accurate.
I know what a private equity firm does-and many of their buyouts are "leveraged" which means they borrow to buy.
Apollo has specialized in the past with leveraged buyouts.
FOOD FOR THOUGHT:
It could be they have no real plans to develope anything-they simply hold onto the CKX until the economy sparks-then sell the company at then market prices and make money with doing nothing. In the 1980s this was a huge way many people made money buy something cheap, wait until the market soars then sell at a huge profit.
Elvis will survive whether Apollo does or does not do a thing.

Jungleroom76
07-09-2011, 12:47 AM
FOOD FOR THOUGHT:
It could be they have no real plans to develope anything-they simply hold onto the CKX until the economy sparks-then sell the company at then market prices and make money with doing nothing. In the 1980s this was a huge way many people made money buy something cheap, wait until the market soars then sell at a huge profit.

Oh gosh, let's hope that isn't the case Ken!!! It's been long enough that discussions and plans have been underway to re-develop the Graceland area, and a renovation is SORELY needed and LONG overdue!!! Yes, Graceland will continue to draw tourists no doubt, but if nothing is done to the surrounding area, it will just continue to deteriorate and turn off some tourists so that they decide not to come back!!! That certainly wouldn't be good for business!!! (n)

Let's hope Apollo has a plan and starts pursuing it soon!!! ;)

TCB!
Mike

vivaelvis
07-09-2011, 01:30 AM
FOOD FOR THOUGHT:
It could be they have no real plans to develope anything-they simply hold onto the CKX until the economy sparks-then sell the company at then market prices and make money with doing nothing. In the 1980s this was a huge way many people made money buy something cheap, wait until the market soars then sell at a huge profit.
Elvis will survive whether Apollo does or does not do a thing.

That's just crazy! No way did Apollo (who is well known for buying up struggling companies only to restructure them, expand them and strengthen them financially) just to do nothing with them. No way will Apollo just sit pat and wait for a unknown economy to improve to sell it at value price. Do you not realize that CKX is $175 million in debt prior to the sale? I don't think you would get much for a company nearing bankruptcy. Besides, insiders close to the situation have already reported that Apollo bought CKX because of Graceland and IDOL. They would lose money if they left them as they are because both are down in value as of late. Graceland tourism was down in 2010 and IDOL's rating were down, despite still at the top.

Also, I have never said that Elvis-the music won't survive without CKX, or now Apollo. Elvis-the business on the other hand is a different story. As his generation dies off, which is already happening, time will tell how much longer it can continue at the rate is has gone the past 30 years with settling for just getting by as good enough. They aren't gonna be able to attract by historical importance in the future, but will have to go through multimedia such as television, internet, and massive marketing. Without that Graceland won't survive another 10 years. And that's just common sense facts. The whole purpose for expansion was to keep it going or else it would lose it's power and money and close down.

Why do your posts come off as pessimistic and negative all the time? I'm not trying to call you out but you just come over as depressing.

Unchained Melody
07-09-2011, 02:28 AM
Why do your posts come off as pessimistic and negative all t\he time? I'm not trying to call you out but you just come over as depressing.

I don't see it that way.
From reading it, you can't just disagree with Ken, you have the I'm right your wrong attitude when its just an opinion. remember that. and that theres more to elvis an just sillyman and epe

vivaelvis
07-09-2011, 03:58 AM
I don't see it that way.
From reading it, you can't just disagree with Ken, you have the I'm right your wrong attitude when its just an opinion. remember that. and that theres more to elvis an just sillyman and epe

Now you're putting words into my mouth. For one thing, Sillyman, as you dub him, is not even in the picture anymore, so he's irrelevant. EPE on the other hand has been the driving force behind Elvis' longevity for the past 29 years, like it or not. I don't always agree with what they do but I do know that had they never opened Graceland he wouldn't be as commercially popular as he is today. More than 15 million visitors have visited Graceland and in the process millions became fans. Whereas prior to visiting probably didn't even know he had more than 30 number one hits in the US and UK combined or had a private plane named after his daughter.

And I do NOT think I am right and he is wrong. I was curious as to why he always sounds negative and like a pessimist.

KPM
07-10-2011, 01:01 AM
That's just crazy! No way did Apollo (who is well known for buying up struggling companies only to restructure them, expand them and strengthen them financially) just to do nothing with them. No way will Apollo just sit pat and wait for a unknown economy to improve to sell it at value price. Do you not realize that CKX is $175 million in debt prior to the sale? I don't think you would get much for a company nearing bankruptcy. Besides, insiders close to the situation have already reported that Apollo bought CKX because of Graceland and IDOL. They would lose money if they left them as they are because both are down in value as of late. Graceland tourism was down in 2010 and IDOL's rating were down, despite still at the top.

Also, I have never said that Elvis-the music won't survive without CKX, or now Apollo. Elvis-the business on the other hand is a different story. As his generation dies off, which is already happening, time will tell how much longer it can continue at the rate is has gone the past 30 years with settling for just getting by as good enough. They aren't gonna be able to attract by historical importance in the future, but will have to go through multimedia such as television, internet, and massive marketing. Without that Graceland won't survive another 10 years. And that's just common sense facts. The whole purpose for expansion was to keep it going or else it would lose it's power and money and close down.

Why do your posts come off as pessimistic and negative all the time? I'm not trying to call you out but you just come over as depressing.
Elvis is one of the most historical cultural figures in modern history-for music and for contributions to culture-college courses on him, thesis's written about him home on the historical record-so you must not believe in his historical importance to world music and culture to say they can not count on that to draw people??
I am not a pessimist-but rumors are rumors they fly around all the time and that is all this is you quote a friend in Memphis-that tells us very little.
We have had other people with friends in Memphis way back to Sillermans first mention-and that friend obviously was very wrong with the info that was passed on here as coming from a dependable source. Speculation is fine but it is nothing more than that.
As I said I am not negative on Elvis's survival-nor Gracelands ability to draw in fans-that idea seems to be your opinion.
Graceland was not suppose to last all the way back to its opening-it was a gamble (some said) well thats been proven wrong.
I dislike the implication that Apollo, technology, money, Sillerman, or any entitiy is somehow going to save Elvis, or Graceland you seem to think that it is absolutely essential. Thats where we disagree-totally without equivocation. You give Graceland 10 years thats silly, people still visit Lincolns home and his tomb in Illinois, Washingtons tomb, Buffalo Bills tomb, Napolean, Monroes, Valentinos etc....money is still made with much much less to see than at Graceland in Memphis. You say his generation is dying out-I am nearly 57 my nephew is 22 and he is a full fledged EP fan.
No I think the shoe is on the other foot-I am very positive that regardless of what you predict-Elvis will sell, people will visit, and Graceland will be open way down the road. You on the other hand are the one who says "These things must be done, mulitmedia, internet, massive marketing......"
Sure those things are important-but there was no truely mass marketing in 1983-no internet to send the message around the world in minutes when it opened people came-people still come. You are obviously of the internet generation-the world turned without it, the world enjoyed visiting all the places I mentioned with great ease and they knew they existed.
These business threads always end up "gloom and doom" if certain things are not done.... and the emphasis is on actions of others rather than ELVIS. Elvis will draw and sell merchandise-in spite of what business's associated with his name do.
That is not a pessimistic statement-that is very upbeat-Elvis is special, and he was special before Apollo was created in 1990, and CKX and Sillerman ....wow that very upbeat statement:D

KPM
07-10-2011, 01:13 AM
Now you're putting words into my mouth. For one thing, Sillyman, as you dub him, is not even in the picture anymore, so he's irrelevant. EPE on the other hand has been the driving force behind Elvis' longevity for the past 29 years, like it or not. I don't always agree with what they do but I do know that had they never opened Graceland he wouldn't be as commercially popular as he is today. More than 15 million visitors have visited Graceland and in the process millions became fans. Whereas prior to visiting probably didn't even know he had more than 30 number one hits in the US and UK combined or had a private plane named after his daughter. And I do NOT think I am right and he is wrong. I was curious as to why he always sounds negative and like a pessimist.
Should I post some of Elvis's accomplishments in other nations without ever visiting or performing in them? He still has more fan clubs that any other artist living or dead-he also had more fan clubs than any other artist before he died..... People knew who he was, what he had done and that he was called the The King-you say 15 million have visitied and in the process became fans-that sounds pessimistic-I say 15 million fans visited Graceland and they were mostly already fans. Did you know that when he opened in Vegas fans from literally all over the world called to try and make reservations? That everytime he came to Vegas the calls from around the world came in?
That everytime he played Vegas all hotels (not just the one he was at) prospered? When Vegas had a slump and needed something big-they would ask if the International could get Elvis back early.....happened a couple times.
The world knew him as the KING-surely that must have told them something.
See I am not pessimistic on Elvis. Thats why we are here, thats why theres a place to discuss Sillermans deals, Apollos purchase etc....not the other way around. Thats upbeat for ELVIS.:D

johnnyBravo
07-10-2011, 01:20 AM
Should I post some of Elvis's accomplishments in other nations without ever visiting or performing in them? People knew who he was, what he had done and that he was called the The King-you say 15 million have visitied and in the process became fans-that sounds pessimistic-I say 15 million fans visited Graceland and they were mostly already fans. Did you know that when he opened in Vegas fans from literally all over the world called to try and make reservations? That everytime he came to Vegas the calls from around the world came in?
That everytime he played Vegas all hotels (not just the one he was at) prospered? When Vegas had a slump and needed something big-they would ask if the International could get Elvis back early.....happened a couple times.
The world knew him as the KING-surely that must have told them something.
See I am not pessimistic on Elvis. Thats why we are here, thats why theres a place to discuss Sillermans deals, Apollos purchase etc....not the other way around. Thats upbeat for ELVIS.:D well said indeed, and yes i agree 100% with you before internet their was asuch thing as word of mouth. why do fans try to think with an EPE head these days? just let me put it this way, if the elvis name was forgotten tomorrow well **** it, wont be my lost tho, because i will carry his music in my heart and never forget, my guess is that can be said for alot more of us so''hence'' elvis will be around alot longer than you or i. folks just get on with it and enjoy elvis, thats enough too keep him alive as it was 30 years ago before the advent of the internet

vivaelvis
07-12-2011, 12:58 AM
I've been meaning to post this. Below is a comparison of the Graceland area and what has been done as far as demolition since 2008. The areas highlighted in yellow are the EPE properties.

2008
http://i1022.photobucket.com/albums/af344/umtiger42/gracelandarea2-1.jpg

2011
http://i1022.photobucket.com/albums/af344/umtiger42/gracelandarea-1.jpg

Jungleroom76
07-12-2011, 04:26 PM
I've been meaning to post this. Below is a comparison of the Graceland area and what has been done as far as demolition since 2008. The areas highlighted in yellow are the EPE properties.

2008
http://i1022.photobucket.com/albums/af344/umtiger42/gracelandarea2-1.jpg

2011
http://i1022.photobucket.com/albums/af344/umtiger42/gracelandarea-1.jpg

Interesting!! Nice to actually "see" a little progress around the Graceland area, even if it's only demolition of old buildings and preparations for the expansion! At least it shows something is happening... (y)

TCB!
Mike

vivaelvis
07-12-2011, 07:08 PM
Interesting!! Nice to actually "see" a little progress around the Graceland area, even if it's only demolition of old buildings and preparations for the expansion! At least it shows something is happening... (y)

TCB!
Mike

When I was back in Memphis in early May, to move my family away from the flood zone, I noticed that they had demolished the old Meadow Oaks apartment complex on the right side (north of Graceland) and a former Chinese restaurant on the left side (across from the apartments). So, despite they haven't rolled out the redevelopment yet, it shows that they are moving forward, if only in a slow motion at the moment. I would have been disappointed if they hadn't even begun to remove those facilities by now.

What I have been trying to tell some on here is that just because a company announces it wants to expand doesn't mean it will happen overnight. Especially on the type of scale that EPE wants. These things take time and planning, sometimes years if not even a decade. Disney didn't build Epcot when they first announced it. In fact, it was announced back in the mid 70's that they wanted to build a new theme park in Orlando. Construction didn't begin on Epcot until 1980 and wasn't completed until 1982. We went down there to the opening.

What some fail to realize is that when you're dealing with a mass amount of financing that is privately and publicly funded it takes longer to develop the project because you're involving state and government into the funding. The immediate area around Graceland will eventually get revamped and transformed into a beautiful tourist mecca that it should have already become. The company knows that it is desperately needed and inevitable.

KPM
07-13-2011, 11:13 PM
When I was back in Memphis in early May, to move my family away from the flood zone, I noticed that they had demolished the old Meadow Oaks apartment complex on the right side (north of Graceland) and a former Chinese restaurant on the left side (across from the apartments). So, despite they haven't rolled out the redevelopment yet, it shows that they are moving forward, if only in a slow motion at the moment. I would have been disappointed if they hadn't even begun to remove those facilities by now.

What I have been trying to tell some on here is that just because a company announces it wants to expand doesn't mean it will happen overnight. Especially on the type of scale that EPE wants. These things take time and planning, sometimes years if not even a decade. Disney didn't build Epcot when they first announced it. In fact, it was announced back in the mid 70's that they wanted to build a new theme park in Orlando. Construction didn't begin on Epcot until 1980 and wasn't completed until 1982. We went down there to the opening.

What some fail to realize is that when you're dealing with a mass amount of financing that is privately and publicly funded it takes longer to develop the project because you're involving state and government into the funding. The immediate area around Graceland will eventually get revamped and transformed into a beautiful tourist mecca that it should have already become. The company knows that it is desperately needed and inevitable.
I understand exactly that things do not happen overnight.
That was exactly my point-nearly 7 years ago when "someone else made such a big deal about Sillermans plans"....and those individuals went on to outline "what was coming within as little as 3 years"....I in turn said the wheels of an expansion this big will hit numerous snags, have numerous expenses that are unforeseen and all building plans will have to be okayed thru state and local governments. I also said that "if" Sillerman and his board could not completely decide on a blueprint on how the expansion should be built-that also would throw a snag into the works. That happened.So you see I have actually foreseen the situations you describe-way back to 2005-and they came true. So now we are in Round 2.
According to the people who posted back then, this would proceed much faster, that everyone would be surprised at how quickly this would all be handled and-funding was not a problem, because Sillerman had everything needed to proceed.............
I can dig up some of the old posts and show you if you like-so if some of us have a level of skeptisim it is because of how poorly Round 1 went-compared to the hype of the event.
EPE went to a bigger company not because it was hurting finacially, and not because it was poorly run-they recognised that they had reached apex of their growth with the team they had-so they looked for someone to fill that void, to take it to the next level. It has been Sillermans game since 2005 and it has been disappointing.......compared to the hype we heard when he bought the company. Honestly it has not gone smoothly, it has not "proceeded much faster, we have not been surprised at how quickly things got done"
IF it had, or perhaps if the hype had not been so strongly presented-maybe some would feel differently about "announcements" of what is to come. But the history so far does not inspire.
I have worked for some major companies, and have seen the difference between companies which do produce quickly on a grand scale and ones which drop the ball. One company bought a large worldwide baking conglometate, and within 3 years had totally revamped the operations worldwide, all new modern fleets of bakery trucks, new computerized ovens, renovated bakeries, new iniforms for the salesman, laptop computers for the salesman, new all natural product lines...... and this was a worldwide operation which had bakeries in several countries Spain, Portugal, US Canada, Mexico....but it also closed down bakeries that were not making a profit, and consolidated operations.
All within 3 years after the sale was okayed.
Another company I worked for when younger was bought by a large corporation wanting to branch into a new field-and they immediately closed several plants, consolidated the operations and took 5 years to decide how to incorporate our branches into their operation-and we were more or less in limbo that whole time.
I left before the big decisions were made because I could see that this corporation was going to scr**w up our business....because they did not understand the market for our products-and they tried to run it like they did for their products.(2 completely differing things)

KPM
07-13-2011, 11:39 PM
This was a post by someone else in another thread years ago that supposedly layed out how the "expansion was suppose to proceed" after Sillerman deal and once again Disney seems to be central..........many predictions, many disappointments.....::
First-Bob Sillerman wants to take Graceland and EP to higher levels than ever before. He wants it on par with Disney. But that does not mean it will be turned into an amusement park, but more of a tourist attraction that draws all ages and races. Disney is known for it's beautiful landscaping and stylish buildings and designs. That is what Sillerman wants to do with Graceland and what he means by "on par with Disney". And this is why he has turned to the brilliant and ultimate creative mind of Bob Weiss.

Who is Bob Weiss? He's the genius architecture behind the Disney compound, Epcot Center and MGM Studios all in Orlando, FL. He also redesigned the Rockefeller Center and Plaza in NY. His thoughts, creations and designs are breathtaking and unimaginable before seeing and unbelievable afterwards.

How much land does Weiss have to work with?

By using Google Earth and looking at the property across from Graceland from the main boulevard which EPE now owns to the very back of the property to the neighborhood's back yards, I estimate that it is 60-80 acres of land. There is a medium sized apartment complex right behind the left side of the current plaza. From my understanding EPE owns that complex so relocating residents may not be too much of a problem to shut it down for demolition. From the corner of Craft RD, just to the left of the plaza, all the way down to the far end of the recent purchased Chinese restaurant, it is 650 yards in length. That's over 6 full length football fields wide. And it's 530 yards in depth from EP Boulevard to the back of the property. That's about 1/4 of the entire Epcot Center complex, just to give you an idea of it's enormous size of free space and land.

So what are Sillerman and Weiss looking to build or add to beef up tourism to double it's 600,000 visitors a year to 1.2 million a year? Well think BIG but not too big or too elaborate, but more stylish and unique and with a touch of nostalgia. I think the museum will be the ultimate and main attraction after the mansion tour. Therefore visitors and tourists see more than just the home itself but experience the whole life and times of EP through the mega museum. Priscilla and Lisa have been dreaming of a museum of a cost of around $100,000,000.00 and feature everything possible. They have over 6,000 artifacts currently in storage that they want to display but can't due to lack of exhibit space. They can't do that now as is with the current set up. That's why the exhibits they have now look cluttered and thrown together to save room, and money. But that won't be the case with the new museum and attraction.

So what kind of museum do I see EPE and Sillerman building? A mega multi use facility that rivals the Rock & Roll Hall Of Fame Museum in Cleveland, OH. That cost $84,000,000.00 when they built it back in 1996. The proposed museum EPE wants would be 16,000,000.00 more than that. I'm thinking Sillerman will want to build the ultimate museum to not only tell the whole story from beginning to end, but to exploit EP and take the EP experience to a whole new level. Here's what I mean.

*A massive 100,000 sq ft 2-level facility, beautifully designed and laid out featuring multiple exhibits to display and add to and change out, using modern day technology. Featuring a large underground storm shelter and basement for storage space.

*An expanded exhibit display of the jumpsuits.

*Bandmates & Songwriters exhibit, to honor the people behind the music.*Inspirations & Influences, to honor his idols.*An expanded car museum featuring many new vehicles not on display and the new Harley bikes being added this year.

*An indoor Aircraft exhibit featuring both planes inside.

*An Art Gallery featuring art work from around the world.*An EP themed restaurant with outdoor observation deck overlooking Graceland.

*Imax and movie theater, to display his Hollywood career and to show his live concerts on Imax screen.*Recording studio, for fans to interact and record their own demo just as EP did at Sun.

*30 ft EP statue to honor the reason the compound exists.

*An outdoor amphitheater for live shows.
*A new 400-room hotel and resort, featuring indoor pool and spa and sports facility including teenis courts, and a conference room for fan club members. The current hotel will be torn down in it's place.*Newly and improved Visitor's Center in the form of a small indoor mall, off to the left of the mansion and gates.In the mall would be:

* EPE MERCHANDISE
A retail store devoted to Elvis Presley Enterprises that sells only EPE marketed items. (it's all about money anyway for them)

* ELVIS THREADS
A store for selling Elvis themed clothes and EPE's new fashion line.

* ELVIS TOP 40
A music store that sells Elvis cds, dvds, imports, posters, and other Elvis related items.

* E-L-V-I-S L-I-V-E-S
A large updated neon lit Billboard of 'Elvis In The News Today' from music, television, media and movies, with modern day Elvis remixes as background music. This is located at the far end between the 2 escalators leading up to the 2nd floor.* WALKING IN MEMPHIS
An introduction of Memphis as EP saw it and highlights Memphis today.

* THIS IS ELVIS A. PRESLEY
An introduction to the legend of Elvis Presley in a 15 minute documentary to prepare visitors for what they are about to experience.

* SIRIUS RADIO
The All Elvis satellite station with a public view of how the show rolls. Watch it live.

Cost and duration?

I predict that Sillerman will go all out (since he has said money isn't a problem or issue) and make it as unimaginable as possible with breathtaking landscaping and designing. I think a price tag for all of this will run around 400,000,000.00. And I see it taking about 18-20 months to complete, which is close to 2 years. When do I expect for a concrete announcement on the plans for Graceland and groundbreaking?

I expect news on a final master plan to be announced before August of this year and groundbreaking to begin by year's end. So look for a grand opening by August 2009 at the latest.

Jungleroom76
07-13-2011, 11:54 PM
The immediate area around Graceland will eventually get revamped and transformed into a beautiful tourist mecca that it should have already become. The company knows that it is desperately needed and inevitable.

Let's just hope it's done sooner rather than later, and that it is actually done RIGHT!!! :hmm:

TCB!
Mike

Jungleroom76
07-13-2011, 11:57 PM
This was a post by someone else in another thread years ago that supposedly layed out how the "expansion was suppose to proceed" after Sillerman deal and once again Disney seems to be central..........many predictions, many disappointments.....::
First-Bob Sillerman wants to take Graceland and EP to higher levels than ever before. He wants it on par with Disney. But that does not mean it will be turned into an amusement park, but more of a tourist attraction that draws all ages and races. Disney is known for it's beautiful landscaping and stylish buildings and designs. That is what Sillerman wants to do with Graceland and what he means by "on par with Disney". And this is why he has turned to the brilliant and ultimate creative mind of Bob Weiss.

Who is Bob Weiss? He's the genius architecture behind the Disney compound, Epcot Center and MGM Studios all in Orlando, FL. He also redesigned the Rockefeller Center and Plaza in NY. His thoughts, creations and designs are breathtaking and unimaginable before seeing and unbelievable afterwards.

How much land does Weiss have to work with?

By using Google Earth and looking at the property across from Graceland from the main boulevard which EPE now owns to the very back of the property to the neighborhood's back yards, I estimate that it is 60-80 acres of land. There is a medium sized apartment complex right behind the left side of the current plaza. From my understanding EPE owns that complex so relocating residents may not be too much of a problem to shut it down for demolition. From the corner of Craft RD, just to the left of the plaza, all the way down to the far end of the recent purchased Chinese restaurant, it is 650 yards in length. That's over 6 full length football fields wide. And it's 530 yards in depth from EP Boulevard to the back of the property. That's about 1/4 of the entire Epcot Center complex, just to give you an idea of it's enormous size of free space and land.

So what are Sillerman and Weiss looking to build or add to beef up tourism to double it's 600,000 visitors a year to 1.2 million a year? Well think BIG but not too big or too elaborate, but more stylish and unique and with a touch of nostalgia. I think the museum will be the ultimate and main attraction after the mansion tour. Therefore visitors and tourists see more than just the home itself but experience the whole life and times of EP through the mega museum. Priscilla and Lisa have been dreaming of a museum of a cost of around $100,000,000.00 and feature everything possible. They have over 6,000 artifacts currently in storage that they want to display but can't due to lack of exhibit space. They can't do that now as is with the current set up. That's why the exhibits they have now look cluttered and thrown together to save room, and money. But that won't be the case with the new museum and attraction.

So what kind of museum do I see EPE and Sillerman building? A mega multi use facility that rivals the Rock & Roll Hall Of Fame Museum in Cleveland, OH. That cost $84,000,000.00 when they built it back in 1996. The proposed museum EPE wants would be 16,000,000.00 more than that. I'm thinking Sillerman will want to build the ultimate museum to not only tell the whole story from beginning to end, but to exploit EP and take the EP experience to a whole new level. Here's what I mean.

*A massive 100,000 sq ft 2-level facility, beautifully designed and laid out featuring multiple exhibits to display and add to and change out, using modern day technology. Featuring a large underground storm shelter and basement for storage space.

*An expanded exhibit display of the jumpsuits.

*Bandmates & Songwriters exhibit, to honor the people behind the music.*Inspirations & Influences, to honor his idols.*An expanded car museum featuring many new vehicles not on display and the new Harley bikes being added this year.

*An indoor Aircraft exhibit featuring both planes inside.

*An Art Gallery featuring art work from around the world.*An EP themed restaurant with outdoor observation deck overlooking Graceland.

*Imax and movie theater, to display his Hollywood career and to show his live concerts on Imax screen.*Recording studio, for fans to interact and record their own demo just as EP did at Sun.

*30 ft EP statue to honor the reason the compound exists.

*An outdoor amphitheater for live shows.
*A new 400-room hotel and resort, featuring indoor pool and spa and sports facility including teenis courts, and a conference room for fan club members. The current hotel will be torn down in it's place.*Newly and improved Visitor's Center in the form of a small indoor mall, off to the left of the mansion and gates.In the mall would be:

* EPE MERCHANDISE
A retail store devoted to Elvis Presley Enterprises that sells only EPE marketed items. (it's all about money anyway for them)

* ELVIS THREADS
A store for selling Elvis themed clothes and EPE's new fashion line.

* ELVIS TOP 40
A music store that sells Elvis cds, dvds, imports, posters, and other Elvis related items.

* E-L-V-I-S L-I-V-E-S
A large updated neon lit Billboard of 'Elvis In The News Today' from music, television, media and movies, with modern day Elvis remixes as background music. This is located at the far end between the 2 escalators leading up to the 2nd floor.* WALKING IN MEMPHIS
An introduction of Memphis as EP saw it and highlights Memphis today.

* THIS IS ELVIS A. PRESLEY
An introduction to the legend of Elvis Presley in a 15 minute documentary to prepare visitors for what they are about to experience.

* SIRIUS RADIO
The All Elvis satellite station with a public view of how the show rolls. Watch it live.

Cost and duration?

I predict that Sillerman will go all out (since he has said money isn't a problem or issue) and make it as unimaginable as possible with breathtaking landscaping and designing. I think a price tag for all of this will run around 400,000,000.00. And I see it taking about 18-20 months to complete, which is close to 2 years. When do I expect for a concrete announcement on the plans for Graceland and groundbreaking?

I expect news on a final master plan to be announced before August of this year and groundbreaking to begin by year's end. So look for a grand opening by August 2009 at the latest.

WOW!!! :jawdrop:

We can only hope that the final master plan is anywhere even close to what you just described!!! Perhaps we should get you on the planning board my friend!!! ;)

TCB!
Mike

KPM
07-13-2011, 11:57 PM
Let's just hope it's done sooner rather than later, and that it is actually done RIGHT!!! :hmm:

TCB!
Mike
Exactly my sentiments Mike. Talk is cheap lets see it done RIGHT!

KPM
07-14-2011, 12:30 AM
WOW!!! :jawdrop:

We can only hope that the final master plan is anywhere even close to what you just described!!! Perhaps we should get you on the planning board my friend!!! ;)

TCB!
Mike
Actually Mike this was someones elses post back in 2006-2007 about what Sillerman was going to do-I only reposted it to show how things were portrayed in reference to the plans for Graceland.......... and we all now know how the plans have gone so far.

Jungleroom76
07-14-2011, 07:58 PM
Actually Mike this was someones elses post back in 2006-2007 about what Sillerman was going to do-I only reposted it to show how things were portrayed in reference to the plans for Graceland.......... and we all now know how the plans have gone so far.

Excellent illustration my friend...I completely forgot about this past post!! :doh:

TCB!
Mike

Donut
07-15-2011, 12:58 PM
Elvis will survive regardless of what Apollo, CKX or even EPE do....I sometimes think when these "business threads" have been started that people lose sight of the very heart of any business venture that involves the image of Elvis-and that is ELVIS. Before EPE, Apollo, or CKX ........Elvis sold.
People lined up to try and get a license agreement to market just about anything-because of ELVIS not because of the parent company or the business partners he had.
ELVIS sells ELVIS-I think it needs to be said once in a while.Sillerman did not shell out the 100 million to just any entertainers family, Perry Comos rights were available, :D So were many other entertainers whos families would settle for 4-5 million up front and retain no percentage of ownership nor stock in the buying company.
ELVIS sold Sillerman, Elvis's image, his proven selling ability driven by his talent and charisma-that is why he put up so much money to get 85% and to lease Graceland for years.

Can you believe I finally agree on something with you? It only took me 5 years :lol:

It's a fact that Elvis sold before EPE, CKX or Apollo. Even if Graceland wasn't open for tours Elvis would still keep his place in music history and continue selling records, which is what he was and is known for around the world. I don't think there's any music store that doesn't have some Elvis CDs, he is an essential and a must have in any music store catalogue and that has little to do with EPE and Graceland.

KPM
07-16-2011, 12:02 AM
Can you believe I finally agree on something with you? It only took me 5 years :lol:

It's a fact that Elvis sold before EPE, CKX or Apollo. Even if Graceland wasn't open for tours Elvis would still keep his place in music history and continue selling records, which is what he was and is known for around the world. I don't think there's any music store that doesn't have some Elvis CDs, he is an essential and a must have in any music store catalogue and that has little to do with EPE and Graceland.
Well wonders never cease:D I think you and I probably agree on many things-just not many we discuss here:D

vivaelvis
07-17-2011, 01:23 AM
Jungleroom76, I don't know if you're aware of the Hard Rock Hotel in Orlando at Universal Studios or not. If you aren't, here's a video of the inside of this lovely themed luxury hotel done with class and style. This would be ideal for a new and upgraded HH at Graceland. But I wouldn't hold my breath on it as they've never done anything close to this.


http://www.youtube.com/watch?v=ui3vjHcZ1TA

Jungleroom76
07-17-2011, 03:33 AM
Jungleroom76, I don't know if you're aware of the Hard Rock Hotel in Orlando at Universal Studios or not. If you aren't, here's a video of the inside of this lovely themed luxury hotel done with class and style. This would be ideal for a new and upgraded HH at Graceland. But I wouldn't hold my breath on it as they've never done anything close to this.


http://www.youtube.com/watch?v=ui3vjHcZ1TA

WOW!!!! :jawdrop:

Now something like THAT as a lobby to the new HEARTBREAK HOTEL...full of giant monitor's showing Elvis videos and display cases full of Elvis artifacts....THAT would be something to see for sure and would most definitely make a FANTASTIC first impression to anyone walking into that lobby!!!!

I had heard of the Hard Rock in Orlando before, but hadn't seen any pictures or anything like that, so THANK YOU for sharing that with me!! We can only DREAM that EPE has enough foresight to plan something as extravagant as that for the hotel!!! ;)

TCB!
Mike

debtdbruno
07-17-2011, 10:52 AM
AWESOME lobby..................

vivaelvis
07-17-2011, 06:23 PM
Compare the Hard Rock Hotel to the inside lobby area of the current Heartbreak Hotel at Graceland. Actually there are no comparisons.


http://www.youtube.com/watch?v=mfmAayRWITo

Jungleroom76
07-17-2011, 08:34 PM
Compare the Hard Rock Hotel to the inside lobby area of the current Heartbreak Hotel at Graceland. Actually there are no comparisons.


http://www.youtube.com/watch?v=mfmAayRWITo

After watching that video of the HR in Orlando, the HH lobby video is downright depressing... :sad:

THIS IS NOT THE WAY a musical icon like Elvis should be treated...PERIOD!!! :angry:

COME ON EPE...spend some of your money and give Elvis the treatment he deserves with a hotel that rivals or beats the Hard Rock...the man deserves that much!!! :king:

TCB!
Mike