Wednesday, July 06, 2005

The Elvis Legacy: Tea for the Sillerman

Here's some news about Graceland from Yahoo!:

Elvis Presley Enterprises is taking over the last two independent souvenir shops at Graceland but says it has no immediate plans to expand. However, Graceland spokesman Todd Morgan said that closing the independently owned shops gives EPE freedom to move quickly on new ideas for more company-owned stores, museums or the like.

The independent shops, Memories of Elvis and Loose Ends, are in a strip mall owned by EPE next door to Graceland Plaza, the company's main shopping complex. Their leases will not be renewed when they expire in November, said Carol Light, owner of Memories of Elvis. "It's a tragedy with the big people squeezing out the little man," Light said. But the company is just going about its business, Morgan said. "It doesn't make a lot of sense to lease space to a competing business," he said.

...Presley's daughter, Lisa Marie Presley, sold majority ownership of Elvis Presley Enterprises in February to CKX Inc., a company run by Robert F.X. Sillerman, the founder of music and sports promoter SFX Entertainment.
This bums me out.

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