Elvis Presley Enterprises, Inc.

In January 2010, EPE was owned by CKX, Inc., a parent company created by Robert Sillerman, who had purchased 85% ownership of EPE from Lisa Marie Presley in 2004 for $100 million. The deal was for control of image of Elvis Presley ONLY; Lisa Marie retained complete ownership of Graceland and its vast archives. She still owns her father’s home today, so it has not shared the fate of EPE, which has passed from hand to hand in a high stakes corporate shuffle. Less than two years later CKX, along with EPE, was sold to a New York private equity firm. The sale was announced on May 10, 2011, with details provided the next day in a Memphis Daily News article. Apollo Global Management LLC purchased CKX for $509 million in a deal that required approval by both Sillerman, as chief shareholder, and Lisa Marie Presley on behalf of the trust created by her father’s estate. (Under the new ownership, Lisa Marie retained her 15% ownership of Elvis Presley Enterprises, Inc.)