Lisa Marie Presley has sold Elvis Presley Enterprises, including all trademark rights to the Elvis name, likeness and image, along with all intellectual property and his music publishing catalog. She got $100 million and the house. I can't say that I am much of an Elvis fan. I did enjoy a good number of his movies as a boy with my family at the Harrisburg Drive-In Theater, but I remember him more from the era when critic Peter Graining (quoted from here) wrote:
His hair is dyed, his teeth are capped, his middle is girdled, his voice is a husk, and his eyes film over with glassy impersonality. He is no longer, it seems, used to the air and, because he cannot endure the scorn of strangers, will not go out if his hair isn’t right, if his weight -- which fluctuates wildly -- is not down. He has tantrums onstage and, like some aging politician, is reduced to the ranks of grotesque."
No doubt the man who once disappeared from the stage for several minutes, only to return claiming he had been answering "the call of nature," was a real transformative talent. Unfortunately for all the undiscovered new talent in the world today it's easier, less risky, to repackage his old stuff and all the other old hits, old bands and old movies media companies churn out these days than it is to do anything really new. These repackaged or at best marginally improved re-releases suck up money that could otherwise be spent finding, developing, grooming and promoting new talent.
Me, I won't be buying.






