X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

LAS VEGAS-The Elvis-O-Rama museum on Industrial Road here will disappear next year en route to an Elvis-themed attraction opening on the Strip. As part of the plan, the locally based publicly held owner of the Elvis’ name, image and likeness is acquiring the assets of the museum–including the name, the Web site and much of the memorabilia.

The seller, which includes collector Chris Davidson and partners, is receiving an undisclosed sum that includes the right to open an Elvis museum in Hawaii, though CKX would own a substantial interest in the property. Hawaii served as the location for three of Mr. Presley’s films and perhaps most famously, was home to the 1973 concert “Elvis, Aloha from Hawaii,” which was broadcast worldwide and ultimately viewed by more than 1.5 billion people around the world.

CKX has heretofore focused on acquiring globally recognized entertainment content and related assets, including all things Elvis. In addition to his name, image and likeness, the company owns the operations of Graceland and proprietary rights to the “Idols” television brand, including the American Idol series in the US, the Pop Idol series in the UK and local adaptations of the Idols television show format which, collectively, air in over 30 countries around the world.

“As we have mentioned on numerous occasions, establishing a major presence for the ‘Elvis’ brand in Las Vegas is an important priority of the company,” says CKX chief executives Robert Sillerman. “The closure of the museum together with the purchase of the artifacts and memorabilia currently located there clears the way for implementation of our plan.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt. NET LEASE Spring 2021Event

This conference brings together the industry's most influential & knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt. NET LEASE Awards 2021Event

These awards honor the industry's most influential and knowledgeable real estate executives from the net lease sector.

Get More Information
 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.