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Selling Elvis here, there… anywhere

Elvis T-shirts, an Elvis-edition Harley, Elvis Reese's Cups, ticket sales at Graceland… the licensing money for all that memorabilia really adds up. But the folks in charge of his estate have big plans that could triple the take. Wren Elhai reports.

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Scott Jagow: Thirty years ago today, Elvis Presley died. The King is still making out pretty well. His estate still takes in over $40 million a year from merchandising, but as Wren Elhai reports, the people who run the Elvis business are looking for more.


Wren Elhai: Robert Sillerman collects most of that Elvis licensing money. His company, CKX, paid over $100 million for an 85 percent stake in Elvis Enterprises two years ago.

Elvis is still all over TV, the radio, fashion and art. Brand consultant Peter Montoya:

Peter Montoya: Elvis’ brand is being exposed 24 hours a day, 7 days a week, 365 days a year, somewhere in the world.

Montoya says in Elvis, Sillerman bought a marketer’s dream.

Sillerman’s master plan? A new Elvis-themed hotel and casino on Las Vegas Boulevard, an Elvis Cirque du Soleil show and a quarter-billion dollar facelift for Graceland.

Within a decade CKX sees Elvis tripling his take to $150 million a year.

Next? Could be Heart Break Hotel in Japan. It’s got more Elvis fan clubs than any other country.

In Washington, I’m Wren Elhai for Marketplace.

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