Category Archives: Elvis News

Home, Office of Elvis’ Manager, Colonel Tom Parker For Sale On eBay

The Colonel Tom Parker Management Office on Gallatin Pike in Madison stands as a testament to the old cliché,  “if these walls could talk.” As confined within a cluster of unassuming stone buildings, the walls would tell of unconventional business dealings, old venues booked, and colorful stories of how a Dutch immigrant managed the phenomenal career of Elvis Presley, arguably the most significant and charismatic recording artist to ever grace a stage.

Today, the property, located in an unassuming suburb on the ouskirts of Nashville, is available to the highest bidder on ebay.

Now a law office, Parker once brokered some of the biggest deals ever made in the entertainment business at the stone residence (located at 1215 Gallatin Road), making it a “holy grail” for the most discriminating “collector” and Elvis Presley / music afficionado.

Parker maintained the offices even after Elvis dominated the entertainment world. Meanwhile, he also managed such legendary “Country & Western” recording artists as Eddy Arnold and Hank Snow.  Photographs and books document their casual “drop ins” to see the Colonel. The home has been well preserved over the years, decades from 1956 and 1957, when Elvis would swing by following recording sessions at RCA or en-route back to Memphis, to Audubon Drive or his new mansion on the hill….Graceland.

Just minutes from downtown Nashville, the Grand Ole Opry on Briley Parkway, and Hank Snow’s Rainbow Ranch in an adjacent neighborhood, the property remains extremely well maintained, having retained MUCH of the original 1950’s charm, as noted in the knotty pine paneling, entertainment bar, and pink-and-black and aqua tiled bathrooms.

The marketing of the property will be handled by Rockology’s Stephen M. Shutts. Upon a meeting arranged by pop culture author, Alanna Nash,  Rockology — which will be featured in a new TV Series on CMT —  has arranged to market the property to a worldwide audience. This is not the first significant marketing endeavor for Rockology when Stephen M. Shutts and Grammy Award Winning Mavericks bass player brought international attention to Elvis’s Audubon Drive Home in Memphis, Tennessee. The home appraised at $286,000 was sold for 1 Million dollars to then music mogul Mike Curb.

“The property is easily one of the five most significant music based properties in greater Nashville if not the single most significant,” Shutts said. “This is a vault of music energy when you consider Elvis monumental career was strategically built, negotiated and managed from within these walls from 1955 to well past Elvis’s passing in 1977. Colonel Tom Parker captured musical lightening in this very building that eventually influenced the world as we know today”.

The property will be showcased on ebay with strict bidding criteria, starting the second week of October. Private tours will be available to a select qualified few during the duration of the sale. The property is zoned for multiple use.

 

Original source: http://www.cmrnashville.com/news-details.php?id=17655

Few court a king: Elvis rights don’t exactly attract burning love

By CLAIRE ATKINSON
Last Updated: 4:49 AM, June 13, 2013
Posted: 1:05 AM, June 13, 2013

Source: The New York Post

The sale of marketing rights to the Elvis Presley estate is shaping up as a real Heartbreak Hotel, The Post has learned.

Just three suitors have expressed interest in the assets — which will be sold alongside those of Muhammad Ali — just two weeks before initial bids are due, sources said.

The two assets are expected to fetch a total of $200 million, sources said.

The low turnout is not unexpected, as the Elvis assets being sold by Apollo Global Management are varied, running the gamut of music rights, a hotel, tours, potential movie rights, The King’s image and likeness, and more — which require a wide spectrum of talents and abilities for any one suitor.

 
Apollo Global’s sale of the Elvis Presley marketing rights — including his name and likeness, and tours of Graceland, is not leaving potential bidders “All Shook Up.”

Apollo will cancel the sale if it fails to attract what it considers a minimum bid, sources said.

The potential bidders include music-publishing company Sony/ATV, and investment firms Guggenheim Partners and G2 Investment Group.

G2 is run by Todd Morley, a former Guggenheim Partners executive.

The Raine Group, which is executing the sale on behalf of Apollo’s Core Media unit, previously known as CKx, has set a June 26 deadline for first-round offers.

“The current owners really did all they could with the Elvis estate,” one banking source told The Post. “They jacked up the ticket price and merchandise.”

However, revenues of the estate have been hurt, the source added, by the shuttering last fall of the “Viva Elvis” show at the MGM in Las Vegas.

The Raine Group is working in concert with entertainment lawyer John Branca, an executor of the Michael Jackson estate.

A bid by Sony/ATV — co-owned by the Michael Jackson estate — would be aimed at acquiring the Elvis music catalog included in the assets, sources said.

Sony/ATV would tie up with a partner that could take on operations at Graceland, Elvis’ former home in Memphis, Tenn.

Given Sony/ATV’s siblings, Sony Pictures and Sony Pictures TV, the company would be well placed to polish the Elvis brand.

G2, according to a source, is interested in both the Elvis and Ali businesses.

A bid by Guggenheim Partners fits in with the company’s focus on live music and sports events.

Core Media, then CKx, was purchased by Apollo Global Management for $509 million in 2011. At the time, Apollo was expecting returns from “Viva Elvis” to run for some time.

Elvis Enterprises was acquired by CKx in 2005 when its CEO Bob Sillerman, paid $100 million for an 85 percent stake.

The balance is held by Lisa Marie Presley.

catkinson@nypost.com