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Lisa Marie Presley agrees sale of estate

Friday 17 December 2004
Elvis Presley's only daughter, Lisa Marie, has agreed the sale of most of her father's estate in a deal reported to be worth over $100m.
1 of 1 Presley - Daughter agrees sale of estate
Presley - Daughter agrees sale of estate

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The deal will see Lisa Marie Presley give up approximately 85 per cent of the estate, including the rights to his image and future revenue from his music and films.

Businessman Robert FX Sillerman, founder of promotion agency SFX Entertainment, is reported to have agreed the deal with Presley.

Sillerman was quoted as saying that Elvis Presley was, in his opinion, the "most significant icon in American pop culture", and that he believed that he could be an even bigger earner with more marketing.

Lisa Marie Presley will retain ownership of Graceland and most of her father's personal effects. 

Presley said: "My greatest responsibility to my father is to preserve and protect his legacy, and this is an exciting new structure that opens up an incredible array of opportunities."

Elvis Presley starred in 31 films during his career, and sold over one billion records.

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