Lisa Marie is selling Elvis...

[RUDUing2]

well kindof...
http://channels.netscape.com/ns/music/news/story.jsp?idq=/ff/story/0001%2F20041216%2F2134821634.htm&sc=1403&photoid=20020807WXS601&floc=mu-news-s1l0

MEMPHIS, Tenn. (AP) - Lisa Marie Presley is keeping Graceland but selling the bulk of the Elvis estate, including rights to her father's name and image, in a deal worth approximately $100 million.

Elvis Presley Enterprises Inc. announced an agreement Thursday to sell 85 percent of its assets to businessman Robert F.X. Sillerman, founder of music and sports promoter SFX Entertainment..........As Presley's only child, Lisa Marie is the sole heir to the estate, most of which is now to become part of a publicly traded company that will be called CKX Inc.

The agreement will pay her $53 million in cash and absolve her of $25 million in debts owed by the estate. She also is to get shares in the new company expected to be worth more than $20 million.


Lisa Marie will retain possession of her father's home, its more than 13 acres of land and many of her father's ``personal effects,'' an announcement on the agreement said.........

[SheilaT]

1. Considering that when

Elvis died his estate was worth very little, in so small part thanks to his manager's systematic mis-management, she's done quite well.

What I've always wondered is if Priscilla ever got any money out of Elvis's estate.

[miss_kitty]

2. Priscilla's the one who whipped it into shape n/t