Results 1 to 7 of 7

Thread: Robert Sillerman takeover

  1. #1
    Cadillac King
    Join Date
    Jan 2005
    Posts
    495

    Robert Sillerman takeover

    Can anyone tell me more about this takeover of EPE by Robert Sillerman?

    According to a report Lisa Presley said that the failure of Elvis Presley`s Memphis restaurant on Beale Street made matters urgent.
    "We took on more debt than I felt comfortable with" she said.
    But an informed source said that Lisa Presley`s spending habits were also an issue as she had been running through $5 million to $7 million a year amounts that closely matched the annual net income of EPE.

    Under the terms of the deal with Sillerman and Lisa Presley, CKX paid $114 million for an 85 percent interest in Elvis Presley Enterprises and Lisa retained the other 15 percent. Lisa received $50 million in cash, plus $26 million in CKX common and preferred stock. Another $25 million from CKX went to pay off EPE debt. And $6.5 million went to Priscilla Presley, Lisa`s mother, for use of the family name. Sillerman wasn`t legally obliged to pay Priscilla anything, but the payment will no doubt make it easier for Sillerman to call her up and ask her to come to a ribbon cutting of a new Elvis property, for instance.

    For its money, CKX got a 90-year lease on Graceland. CKX has the rights to the Elvis name, likeness and trademark. CKX also gets the publishing rights to 650 songs, but owns the more valuable royalty rights to only the few songs Elvis recorded after 1973. CKX also gets royalty rights to 24 Elvis movies.

    What are your opinions on this?

  2. #2
    Cadillac King orwell1976's Avatar
    Join Date
    Jul 2005
    Posts
    376
    I think, that Mr. Sillerman's company can sell the Elvis image much better, than Lisa Marie could. This guy seems to be something like a money machine and even though some of his products (like the Elvis duck, the bad jumpsuits or the Elvis wig) seem rather strange, they earn him very good money. And his idea for a big Elvis venue in Vegas makes sense to me and maybe Elvis themed restaurants are able to earn even more. Sillerman definitely knows how to promote the king and that's what counts. To keep the king in the business.


  3. #3
    Cadillac King
    Join Date
    Jan 2005
    Posts
    495
    How on earth is Lisa going through $5 million to $7 million a year?

  4. #4
    Cadillac King orwell1976's Avatar
    Join Date
    Jul 2005
    Posts
    376
    Her former husband says, it isn't that much....

  5. #5
    Too Much Monkey Business Jumpsuit Junkie's Avatar
    Join Date
    May 2004
    Location
    In Your Heart
    Posts
    5,993
    Quote Originally Posted by orwell1976
    I think, that Mr. Sillerman's company can sell the Elvis image much better, than Lisa Marie could. This guy seems to be something like a money machine and even though some of his products (like the Elvis duck, the bad jumpsuits or the Elvis wig) seem rather strange, they earn him very good money. And his idea for a big Elvis venue in Vegas makes sense to me and maybe Elvis themed restaurants are able to earn even more. Sillerman definitely knows how to promote the king and that's what counts. To keep the king in the business.

    The trouble with Mr. Sillerman is that his way of selling the Elvis Image could well set back Elvis' standing! EPE have learned through bad mistakes that you have to limit the amout of crap you sell to the public to create demand.

    That's not to say they haven't licensed products that undermine the Elvis Image because they have, but over the last couple of years the product has looked at the higher end of the market with good DVD's and CD's.

    If Sillerman is only interested in making a quick buck be prepared to see all sorts of inferior products of little intrinsic value to the true fan, which will cultivate a dumbing down of the hard earned reprisal of the King.

    Mr. Sillerman should aim to make Elvis' Image high value and of prestige.

    Matt
    Last edited by Jumpsuit Junkie; 12-07-2005 at 01:16 AM.

  6. #6
    Heartbreak Hotel, Room 11 Albert's Avatar
    Join Date
    Jan 2004
    Location
    Assen, Netherlands
    Posts
    6,349
    Quote Originally Posted by joanne
    .....And $6.5 million went to Priscilla Presley, Lisa`s mother, for use of the family name. Sillerman wasn`t legally obliged to pay Priscilla anything, but the payment will no doubt make it easier for Sillerman to call her up and ask her to come to a ribbon cutting of a new Elvis property, for instance.
    How sad this is.... And that for a woman who divorced Elvis in 1972 and was married with Elvis during the "easy" years of Elvis' life. ......

    I still have good feelings about the purchase of EPE by Sillerman. Compared to what EPE did from 1977 until recently (all the junk merchandise, stuff like licenced Elvis wine, little to no improvement of Elvis' image as an artist) it can only be better.
    ‎"A year from now, you'll wish you had started today"

    Follow TCB-World on Twitter for website updates and Elvisnews: http://twitter.com/tcbworldcom






  7. #7
    Cadillac King
    Join Date
    Jan 2005
    Posts
    495
    Thats a lot of money to cut a ribbon.

Similar Threads

  1. Elvis's Dislike for Robert Goulet
    By ph10579 in forum Elvis Presley
    Replies: 39
    Last Post: 07-18-2007, 08:35 AM
  2. Robert Sillerman
    By joanne in forum Elvis Presley
    Replies: 13
    Last Post: 03-09-2006, 01:09 PM
  3. Robert Sillerman and EPE Partnership
    By veronik in forum Articles
    Replies: 0
    Last Post: 12-28-2004, 12:48 PM

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •