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WALL STREET JOURNALISM

WALL STREET JOURNALISM

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According to The Wall Street Journal, multibillionaire Robert F.X. Sillerman, hoping to "wring value from the creative output of entertainers both living and dead," has shelled out $100 million in cash, stock, and debt assumption to acquire an 85 percent interest in Elvis Presley's estate. The Journal states that "Elvis Presley Enterprises which was created in 1980, about three years after Mr. Presley's death doesn't own the master recordings of the singer's music or movies. But the company does own Mr. Presley's name and likeness, which it has licensed to marketers. It also owns fees from tours at Graceland, his former home in Nashville, Tennessee." Yes, Nashville. Could it be that the infallible WSJ thought Sillerman was actually buying Opryland?

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