Who owns the rights to Elvis Presley's music?
Royalties on recordings pre-1973 go to the current owners of the Elvis Presley catalogue- Sony. In 1973 Elvis sold all his recordings to RCA for an influx of cash that he needed. Royalties on recordings post-1973 go to his estate.
In 1973, Presley sold the royalties to more than 1,000 songs in his catalog for $5.4 million, worth $35.5 million today. What's more, the Los Angeles Times noted that he made a cool $250,000 in royalties for each album released. However, Presley also opened his wallet freely.
Presley purchased the property in 1957 for $102,500. Following the January death of his only child, Lisa Marie Presley, and subsequent legal proceedings regarding the estate's custody, Elvis's granddaughter Riley Keough was granted sole ownership of Graceland.
No, none of Elvis Presley's works will be in the public domain until 2048 or later. What is the best way to copyright your songs and music? What was the first song ever recorded by Elvis Presley in the summer of 1953? Where would I look to discover old rock tunes that have slipped into the public domain?
A majority of this money comes in through Graceland, which earns around $10 million annually during a typical year. All in all, the Presley estate is worth anywhere between $400 to $500 million as of 2020, according to a Presley estate executive cited in a report by Rolling Stone.
Sadly for Lisa Marie, her inheritance never included the royalties to the many songs of Elvis Presley's which were recorded. This was due to a poor deal negotiated by Elvis' manager, Colonel Tom Parker, which meant all future royalties were signed away.
The Elvis Presley Trust
Elvis stipulated that Lisa Marie's inheritance was to be held in trust for her until her twenty-fifth birthday on February 1, 1993. On that date, the trust automatically dissolved, and Lisa Marie inherited $100 million.
Graceland is said to take in $10 million a year, and the entire estate is now believed to be worth between $400 - 500 million.
A Los Angeles judge officially approved Riley Keough, Lisa Marie's eldest child and Elvis Presley's granddaughter, to become the sole heir of her late mother's estate, according to multiple outlets. Keough will also become the owner of Graceland, Elvis' Memphis, Tenn.
Priscilla and Elvis' Divorce Settlement
According to Celebrity Net Worth, when Priscilla and Elvis split in 1973, she got a one-time payment of $725,000. On top of that, Priscilla was granted spousal support, child support, 5 percent of Elvis' royalties, and half the money from the sale of their house.
Who owns the rights to Elvis music?
The rights to Elvis' catalog is currently owned by Authentic Brands Group, whose portfolio includes celebrity brands such as Marilyn Monroe and Muhammad Ali.
Authentic Brands Group said Tuesday it has purchased the rights to Elvis Presley from CORE Media Group, the company that owns the majority of rights to American Idol and So You Think You Can Dance.
Yes, impersonators of Elvis Presley typically have to obtain a license from the Presley estate in order to perform as him and may have to pay royalties for the use of his likeness, image, and music.
Lisa Marie Presley was the sole heir to the sprawling 13-acre estate following Elvis' death in 1977. Per People, the Memphis mansion will now go to her three daughters, including actor Riley Keough. "Graceland was given to me and will always be mine," she told USA Today. "It will never be sold."
Between 1969 and 1972 alone, RCA released three albums of live material. By 1972, Parker had managed to increase Presley's weekly wage in Las Vegas to $150,000 ($1,049,403 in 2022 dollars) and secured $50,000 a year ($349,801 in 2022 dollars) for himself as a "consultant to the hotel chain".
| Person Name: | Colonel Tom Parker |
|---|---|
| Net Worth: | $1 million (at the time of his death) |
| Date of Birth: | Unknown |
| Place of Birth: | Dutch-American |
| Gender: | Male |
Jackson never did manage to acquire any rights to Elvis Presley's catalog, however.
After Lisa Marie's death in 2023, Graceland and her trust were inherited by her daughters, Keough and Harper and Finley Lockwood, a representative for Graceland confirmed to People.
Graceland's upstairs is maintained and persevered today by on-site archivist Angie Marchese, at the request of The King's daughter, Lisa Marie Presley. She has shared in the past that it's like Elvis just got up and left, with items exactly where he had them in 1977.
Was Lisa Marie at Elvis funeral?
Before the public was allowed in, funeral Director Robert Kendall later recounted that Lisa had approached the coffin but never raised her eyes to look inside. Apparently, she had said: "Mister Kendall, can I give this to my daddy?" She held out her hand and showed a thin metal bangle, a bracelet.
LOS ANGELES — The granddaughter of Elvis Presley, Riley Keough, has been named the sole trustee of the estate of her late mother, Lisa Marie Presley, and is the new owner of Graceland.
Elvis Presley's famous Graceland mansion in Memphis, Tennessee, is staying in the family following the death of his daughter. Lisa Marie Presley inherited the 13.8-acre, 23-room estate from her rock'n'roll legend father after he died in 1977, when she was nine.
Elvis Presley died suddenly at home in Graceland on August 16, 1977, with his fiancée Ginger Alden in the next room. After a succession of girlfriends before, during and after his marriage to Priscilla, Ginger was the first one he proposed to.
“Riley agrees to allow Priscilla to be buried upon her death in the Meditation Garden of Graceland. The burial location will be at the location closest to Elvis Presley without moving any existing gravesite,” the settlement obtained by Rolling Stone reads.
