"I Own Elvis!" Promoter buys estate
 

PHILADELPHIA, Pennsylvania (Reuters) -- The Elvis Presley estate is getting all shook up.

Impresario Robert F.X. Sillerman said on Thursday he agreed to buy 85 percent of Presley's estate, including rights to the singer's name and the management of his famed Graceland mansion, in a deal worth $100 million.

Sillerman, who founded and later sold radio operator SFX Broadcasting and concert promoter SFX Entertainment, will acquire the stake in Elvis Presley Enterprises from Presley's daughter, Lisa Marie Presley. He called Elvis, famed as the "King of Rock 'n' Roll" the "most significant icon in American pop culture."

As well as running Graceland, Presley's home in Memphis, Tennessee, Sillerman will own his name and likeness, the rights to his photographs and revenue from his music, TV shows and films such as "Jailhouse Rock."

http://www.cnn.com/2004/SHOWBIZ/Musi...eut/index.html

Good way to become a billionaire without doing any work, hehe.

I bet wacko jacko wishes he'd stayed married to her now, not to mention Nic Cage and anyone else who might have sailed in her....

I'd have sailed her if she was broke.