11
Nov/08

Rights Owner of Elvis 'Idol' Scuttles Plan to Go Private


WSJ: Rights Owner of Elvis, ‘Idol’ Scuttles Plan to Go Private:

CKX Inc., which licenses the rights to images of Elvis Presley and other celebrities, said that a $1.33 billion plan to go private has fallen through because of “extraordinary” economic conditions.
. . .
In an interview last year, Mr. Sillerman said he wanted to take CKX private because certain celebrities were uncomfortable about disclosing personal financial details, which would be required if they entered a broad agreement with a public company. These people, whom Mr. Sillerman declined to name, would be more comfortable dealing with a closely held company, he said.

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