Have You Heard The News  (International)

Elvis In 2013: Still Dead, Making $190 Million.
 

You don't often get to read SEC documents guesstimating how much money a dead idol will make in the future.

But today's our lucky day: Witness this
filing  from CKX, which owns an 85% stake in Elvis Presley Enterprises -- basically the rights to run Graceland and license the King's name. Not included: The rights to sell most of Elvis' actual music.

But even without the ability to sell his songs, CKX says Elvis will generate $68.8 million for them this year. Not bad for a guy who died in 1977.

But the future looks even brighter: CKX says that Elvis hotels, casinos and other projects will bump that number up to $189 million by 2013.

Which makes Frank Sinatra's $50 million payday last year look like bupkis.

Posted:  7th. March 2008 

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