Most individuals know him as Elvis, while others know him as The King. He lives on as an American Rock-and-Roll legend, and his presence remains significant well after his death. His music remains a classic, especially his classic vinyl songs that sell for a few hundred to even a few thousand dollars. His music lives on as American hits, but it’s the sales produced from his estate that have the CKX Enterprise’s pockets filled with cash. Each year, the estate of The King manages to fetch 49 million, and the owners of his estate, CKX Enterprise, remain content with promoting Elvis’ name and image to the public.
For CKX Enterprise, the Graceland mansion remains a wonderful asset, especially with so many fans passing through the Memphis, Tennessee manor each year. The mansion, along with Elvis’ whole estate, produces 49 million dollars each year. The Graceland Home, along with music sales, generates millions of dollars for the estate, especially since Graceland sells memorabilia, digital music and gift items for the more than half a million individuals who pass through the manor. The Graceland home has everything a visitor may need—a hotel, burger joint, ice cream shop, a gift shop and even an after-hours lounge. Those with wedding bells can even get married at the chapel found on the property and order full wedding packages.
For people venturing to Graceland, the Heartbreak Hotel provides a suitable area for people to stay for a night or two. With 128 spacious rooms, the hotel offers all the basic amenities, such as cable television, a heart-shaped swimming pool and even a shuttle service to and from the airport. Since the hotel is found across from the Graceland estate, it offers the perfect place for tourists to stay at and enjoy a night or two.
Of course, the music is what made Elvis famous and continues to serve as a large source of revenue for the estate owners, helping collect a big portion of the 49 million his estate generates. Since the estate owns the rights to all his music, digital copies, Elvis Presley vinyl, and even compilation CDs that record companies produce generate profits for CKX. His vinyl albums continue to be a big success among enthusiasts, especially his first albums and other popular albums he created during his career. In order for movies to use a song from Elvis, they must first contact the estate and agree to pay residuals in order to play the song. All of the albums created by Elvis can be found at Graceland or on their site for digital download or through CD.
As long as there still remain Elvis lovers, his estate will continue to produce revenue from his music, memorabilia and Graceland ticket sales. The Elvis identity still reaps big profits for the CKX Enterprise and remains one of the most recognizable dead celebrity identities.