Elvis Presley Enterprises, Inc. Pursuing Legal Action Against RCA Germany

Elvis Presley Enterprises, Inc. and the Calunius Litigation Risk Fund announced today developments in a multi-million Euro lawsuit against Arista Music, formerly RCA Records, in Germany.* The suit, which was filed in the name of its sister company Elvis Presley Enterprises, LLC in December 2010...

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I've read this, Elvis really got screwed big time over this. Sounded great at the time, little did he know...

This is strange. Why file suit after almost 40 years?

it sure was a bad deal but he needed capital and alot of it badly because cilla wanter he half. It is strange how they waited so long i must admit, i sure hope they get the funds and put it to good use , maybe fix up the malls and area and reno that **** hotel.

On February 28, 1973, under the agreement, which was first initiated by RCA and arranged by Presley’s manager, “Colonel” Tom Parker, rights to Presley’s entire back catalogue of more than 1,000 recordings were purchased by RCA for just $5.4 million. That sentence describes the biggest business mistake Elvis and Parker ever made. It will be very hard for EPE to prove their theory in court since that was nearly 40 years ago. But, this isn't them gaining rights to the music. All it is is more revenue to the company.

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Originally Posted by lvelvis

it sure was a bad deal but he needed capital and alot of it badly because cilla wanter he half. It is strange how they waited so long i must admit, i sure hope they get the funds and put it to good use , maybe fix up the malls and area and reno that **** hotel.

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Whatever they would possibly get from the lawsuit wouldn't go towards any upgrades or improvements. That's all being taken care of by CKX and Apollo.

Maybe if Vernon wasn't Elvis' financial advisor.......

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Originally Posted by rocknroll

Maybe if Vernon wasn't Elvis' financial advisor.......

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I agree...whatever made Elvis hire Vernon as his financial advisor just boggles my mind...

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Originally Posted by vivaelvis

Whatever they would possibly get from the lawsuit wouldn't go towards any upgrades or improvements. That's all being taken care of by CKX and Apollo.

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I'm still waiting to see anything from CKX??????

I wonder what kind of impact this lawsuit could have of future releases by RCA/Sony?

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Originally Posted by vivaelvis

I wonder what kind of impact this lawsuit could have of future releases by RCA/Sony?

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Good question, it could effect European releases due to the Germany implication, however it doesn't seem that it would effect America?