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The King's only child, Lisa Marie Presley, has agreed to sell 85 percent of Elvis Presley Enterprises Inc. to SFX Entertainment founder Robert F.X. Sillerman. Although the Princess of Rock and Roll will retain the title to Graceland, Sillerman's new firm, CKX, will control its tourist business and the fallen star's music catalog.
The King's only child, Lisa Marie Presley, has agreed to sell 85 percent of Elvis Presley Enterprises Inc. to SFX Entertainment founder Robert F.X. Sillerman. Although the Princess of Rock and Roll will retain the title to Graceland, Sillerman's new firm, CKX, will control its tourist business and the fallen star's music catalog.