lombardistocks
16年前
19 Entertainment and CKX Score Another Hit with Superstars of Dance
Tuesday January 6, 1:30 pm ET
Two-Hour Premiere of International Dance Show on NBC Watched by More Than 10 Million Viewers
NEW YORK--(BUSINESS WIRE)--19 Entertainment Limited, a division of CKX, Inc. (NASDAQ: CKXE - News) today hailed the successful premiere of its new television show, Superstars of Dance, which aired on NBC on Sunday night.
ADVERTISEMENT
Superstars of Dance, an international dance show that pits skilled dancers from eight different nations against each other in an Olympic-style competition, is hosted by Michael Flatley (Lord of the Dance) and Susie Castillo (TRL and House of Payne). The show was created and is executive produced by Simon Fuller, the Chief Executive Officer of 19 Entertainment and a director of CKX, and Nigel Lythgoe, the executive producer and co-star of So You Think You Can Dance. Following its debut Sunday night, Superstars of Dance aired its second two-hour episode Monday night at 8 PM ET/PT and is scheduled to continue its run Mondays at 8PM ET/PT through the series finale, scheduled for January 26.
Commenting on the show’s successful premier, Robert F.X. Sillerman, the Chairman and CEO of CKX said, “This is the third collaboration between Simon Fuller and Nigel Lythgoe. Their first two efforts, American Idol and So You Think You Can Dance, have proven to be international hits and we are hopeful that Superstars of Dance will follow the same path.”
Mr. Sillerman noted that Superstars of Dance is the first offering from a new venture between 19 Entertainment and Mr. Lythgoe. He added, “We have high hopes that together we will produce additional winners. January should prove to be the beginning of an exciting year for CKX, with the new season of American Idol debuting on January 13, the recent addition of tennis superstar Andy Murray to the 19 Entertainment global roster of talent, and the success of Superstars of Dance.”
19 Entertainment, a division of CKX, is one of the most successful entertainment organizations in the world having created and produced hit television properties including American Idol and So You Think You Can Dance, and with its relationships and partnerships with some of the biggest names in sports, music and fashion, including David Beckham, Victoria Beckham, Carrie Underwood, Kelly Clarkson, Chris Daughtry, Roland Mouret and the recently added tennis superstar, Andy Murray.
lombardistocks
16年前
Some notable M&A deals in 2008 that didn't get canned included:
- InBev bought Anheuser-Busch (NYSE: BUD) for $52 billion
- Mars, Inc. announced a merger agreement with Wm. Wrigley Jr. Company (NYSE: WWY) in a transaction valued at approximately $23 billion.
- HP (NYSE: HPQ) bought EDS (NYSE: EDS) for $25.00 per share, or approximately $13.9 billion.
- Altria Group (NYSE: MO) agreed to acquire UST Inc. (NYSE: UST) for $69.50 per share, or approximately $11.7 billion.
- Bank of America's (NYSE: BAC) bought Merrill Lynch (NYSE: MER) in a firesale
- Wells Fargo's (NYSE: WFC) bought Wachovia (NYSE: WB) in a firesale
- PNC Financial (NYSE: PNC) bought National City (NYSE: NCC) in a firesale
- JP Morgan (NYSE: JPM) bought Bear Stearns (NYSE: BSC) with govenment help after its collapse
- JP Morgan (NYSE: JPM) bought certain assets of Washington Mutual (NYSE: WM) after it collapsed
- Banco Santander, S.A. (NYSE: STD) and Sovereign Bancorp Inc., (NYSE: SOV) in a firesale
- CME Group Inc. (NYSE: CME) merged with NYMEX Holdings, Inc. (NYSE: NMX).
- King Pharmaceuticals, Inc. (NYSE: KG) bought Alpharma, Inc. (NYSE: ALO)
- CVS Caremark Corporation (NYSE: CVS) bought Longs Drug Stores (NYSE: LDG)
- Constellation Energy (NYSE: CEG) sold a 49.99% interest in Constellation Energy Nuclear Group, LLC, for $4.5 billion after canceling a deal with MidAmerican Energy.
- Johnson & Johnson (NYSE: JNJ) bought Mentor Corp. (NYSE: MNT) for $1.07 billion
Johnson & Johnson (NYSE: JNJ) bought Omrix Biopharmaceuticals, Inc. (Nasdaq: OMRI) for approximately $438 million
- Sciele Pharma, Inc. (NASDAQ: SCRX) was bought for $1.1 billion.
- Eli Lilly and Company (NYSE: LLY) bought ImClone Systems (Nasdaq: IMCL)
- IKON Office Solutions (NYSE: IKN) was bought for $17.25 per share, or approximately $1.6 billion in cash.
- Teva Pharmaceuticals (Nasdaq: TEVA) bought Barr Pharmaceuticals, Inc. (NYSE: BRL)
- Brocade (Nasdaq: BRCD) bought Foundry Networks, Inc. (Nasdaq: FDRY) but the offers was reduced from $19.25 to $16.50.
- Wendy's International (NYSE: WEN) merged with Triarc Companies, Inc. (NYSE: TRY)
- Gehl Company (NASDAQ: GEHL) was bought for approximately $450 million
- Republic Services Inc. (RSG) and Allied Waste (NYSE: AW) merge
- Serco Group plc bought SI International, Inc. (Nasdaq: SINT) for $423 million
- Nationwide Mutual Insurance to acquire Nationwide Financial Services, Inc. (NYSE: NFS) for $2.4B
- SIRIUS (Nasdaq: SIRI) and XM Radio Inc. (Nasdaq: XMSR) completed their long-awaited merger, but the stock of the newly created company sank to pennies.
- General Electric (NYSE: GE) bought Vital Signs, Inc. (NASDAQ: VITL)
- Tokio Marine bought Philadelphia Consolidated Holding Corp. (Nasdaq: PHLY) for $4.7 billion.
- Esmark Incorporated (NASDAQ: ESMK) was bought by OAO SeverStal for $19.25 per share, or $1.25B.
- Bank of America (NYSE: BAC) acquires Countrywide Financial Corporation (NYSE: CFC).
- Blackstone Group (NYSE: BX) acquires Apria Healthcare Group Inc. (NYSE: AHG) for $1.6B
- Invitrogen Corporation (NASDAQ: IVGN) merger with Applera's Applied Biosystems Group (NYSE: ABI)
- Manitowoc Company, Inc. (NYSE: MTW) buys Enodis plc for $2.7B
- Liberty Mutual bought Safeco Corporation (NYSE: SAF)
- Delta Air Lines Inc. (NYSE: DAL) and Northwest Airlines Corporation (NYSE: NWA) merge
- Takeda Pharmaceutical agreed to acquire Millennium Pharmaceuticals, Inc. (Nasdaq: MLNM) for $8.8B
- O'Reilly Automotive, Inc. (Nasdaq: ORLY) bought CSK Auto Corporation (NYSE: CAO) for $1.0 billion, including approximately $500 million of debt.
- BMC Software (NYSE: BMC) bought BladeLogic (NASDAQ: BLOG) for $28.00, approximately $800 million.
- Getty Images Inc. (NYSE: GYI) agreed to be acquired by Hellman & Friedman for $2.4B
- CHC Helicopter Corporation (NYSE: FLI) acquired for C$3.7B
- Reed Elsevier (NYSE: RUK) acquires ChoicePoint Inc. (NYSE: CPS) in an all-cash transaction is valued at approximately $4 billion.
- NuCO2 Inc. (Nasdaq: NUCO) acquired by Aurora Capital Group for $487M
- Performance Food Group Company (NASDAQ: PFGC) acquired by The Blackstone Group (NYSE: BX) and Wellspring Capital Management in a transaction valued at approximately $1.3 billion
- BEA Systems (Nasdaq: BEAS) was acquired by Oracle (Nasdaq: ORCL) for $8.5B
lombardistocks
16年前
Top 15 For 2008 (No. 14): M&A Wreckage
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Blackstone Group (BX) Completes Acquisition of Apria Healthcare (AHG)
Unusual 11 Mid-Day Movers 10/28: AHG, FDP, ARMH, CHH Higher; DWT, PRXL, RTIX, RCII Lower
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January 2, 2009 2:21 PM EST
StreetInsider.com has put together its 'Top 15 For 2008' which chronicles our view of the most significant news on Wall Street during the tumultuous year.
Number 14: M&A Wreckage
With the turmoil in the credit markets, 2008 was a horrible year for mergers and acquisitions. Not only were new deals not getting done, deals that were already announced were falling apart left and right. Dealogic said global deal volume was down 29% from a record 2007. Of the deals that did get done, some were fire-sales including Bank of America's (NYSE: BAC) buyout of Merrill Lynch (NYSE: MER) and Wells Fargo's (NYSE: WFC) buyout of Wachovia (NYSE: WB).
Some of the biggest M&A blow-ups in 2008
- The mega-takeover of BCE Inc. (NYSE: BCE) was cancelled.
- The most famous deal that didn't get done in 2008 was from laughingstock Yahoo! (Nasdaq: YHOO). Yahoo! turned down a $31 per share deal from Microsoft (Nasdaq: MSFT), only to see Microsoft walk away and its stock plunge below $9 per share. Yahoo! CEO Jerry Yang was forced to step down following the disaster.
- Huntsman Corporation (NYSE: HUN) takeover by Apollo Management's Hexion was terminated
- BHP Billiton (NYSE: BHP) terminated its offer for Rio Tinto (NYSE: RTP) after Rio Tinto continuously rejected the offer and the global commodities sector collapsed.
- Alliance Data Systems (NYSE: ADS) terminated merger with Blackstone
- Barclays (NYSE: BCS) and Bank of America (NYSE: BAC) walked away from a takeover of troubled investment bank Lehman Brothers (NYSE: LEH), only to watch the company collapse into bankruptcy. BofA bought Merrill Lynch and Barclays picked up some Lehman pieces after the filing.
- Electronic Arts Inc. (NASDAQ: ERTS) terminated its offer for Take-Two Interactive Software (NASDAQ: TTWO) after Take-Two resisted various overtures. Take-Two shares have plunged since.
- Allis-Chalmers Energy Inc. (NYSE: ALY) terminated its merger of Bronco Drilling Company (NASDAQ: BRNC).
- ON Semiconductor (NASDAQ: ONNN) and Microchip Technology Incorporated (NASDAQ: MCHP) withdrew their offer to acquire Atmel Corporation (NASDAQ: ATML).
- Bunge Limited (NYSE: BG) terminated its merger with Corn Products International, Inc. (NYSE: CPO)
- Samsung withdrew its $26 bid for SanDisk (Nasdaq: SNDK)
- United Technologies Corp. (NYSE: UTX) withdrew its offer for Diebold Inc. (NYSE: DBD)
- Service Corporation International (NYSE: SCI) withdrew its offer for Stewart Enterprises (Nasdaq: STEI).
- Vishay Intertechnology (NYSE: VSH) drops hostile takeover of International Rectifier (NYSE: IRF).
- An offer to take CKX, Inc. (Nasdaq: CKXE) private was killed
- Heelys, Inc. (NASDAQ: HLYS) rejected an offer from Skechers at $5.25 only to watch its stock plunge further.
- Genentech Inc. (NYSE: DNA) rejected an $89 offer from Roche. Its stock has since dropped to $82.
- $15/share takeover offer for Bluegreen Corporation (NYSE: BXG) never completed
- Cleveland-Cliffs Inc (NYSE: CLF) takeover of Alpha Natural Resources, Inc. (NYSE: ANR) terminated
- Penn National Gaming, Inc. (Nasdaq: PENN) $67/share takeover offer from Fortress Investment Group (NYSE: FIG) terminated
- Blockbuster Inc. (NYSE: BBI) terminated its offer to acquire Circuit City (NYSE: CC). Circuit City filed bankruptcy later in the year.
- Chemtura Corporation (NYSE: CEM) sale talks end with no deal
- Pier 1 Imports, Inc. (NYSE: PIR) withdraws offer for Cost Plus, Inc. (NASDAQ: CPWM)
- Mentor Graphics (Nasdaq: MENT) rejected a $16 offer from Cadence Design Systems' (Nasdaq: CDNS) only to watch its stock drop to $5.16.
- Landry's Restaurants's (NYSE: LNY) $21 per share offer from Chairman never consumated
- Calpine Corp. (NYSE: CPN) rejected a stock offer from NRG Energy, Inc. (NYSE: NRG) worth $23 per share, only to watch its stock plunge to $8.
- Maguire Properties, Inc. (NYSE: MPG) said it would no longer pursue a sale due to market conditions.
- TierOne Corporation (NASDAQ: TONE) terminated merger with CapitalSource Inc. (NYSE: CSE).
- Bain Capital terminated its merger of 3Com Corporation (NASDAQ: COMS) because the U.S. Government's Committee on Foreign Investment in the United States said it intended to take action to prohibit that transaction.
Also the Rohm & Haas Co. (NYSE: ROH)/Dow Chemical Co. (NYSE: DOW) deal, which was considered solid, is teetering after Dow's joint venture in Kuwait was terminated.
Golden Cross
18年前
Celebrate the Holidays with Elvis Through Release of Movie DVD Collection with Exclusive Archival Material Celebrate the Holidays
Thursday November 9, 5:03 am ET
MEMPHIS, Tenn., Nov. 9 /PRNewswire/ -- For millions of people around the globe, Elvis is many things -- rock & roll, the king, an enduring heartthrob, and the lists go on.
Now, Elvis Presley Enterprises (EPE) is bringing the legacy of Elvis, the movie star, to new audiences and long-time fans in a very special way. "Elvis: the Ultimate Film Collection - Graceland Edition," is a newly released 12-disk box set that includes movies, music, photos and posters, one of Elvis' movie scripts, home movie footage and confidential movie files, all in a deluxe collector's case.
"It was 50 years ago that Elvis took the world by storm with his good looks, charisma and musical talent," said Jack Soden, president & CEO of EPE. "To celebrate his life, his legacy and commemorate his many achievements, we are happy to release these timeless videos and memorabilia so that millions of new and longtime fans can gain even greater insight into the performer and the person that Elvis was."
Items in the collection include:
* Nine Elvis MGM Movie DVD's (Jailhouse Rock, It Happened At The
World's Fair, Viva Las Vegas, Harum Scarum, Spinout, Double Trouble,
Speedway, The Trouble With Girls, and Elvis: That's The Way It Is,
Special Edition.)
* Two Special DVD's:
- Available for the first time on DVD, a special edit of material from
Elvis' 1968 comeback special Elvis: Black Leather
- Fourteen of the best Elvis Music movie performances from the films
in the set, including two concert performances exclusive to the
box set.
* One special CD including live recordings and alternate tracks.
* Private home movies featuring Elvis in film production and spending time
with friends and family.
* Two 16-page collector booklets with film synopses, photographs, trivia
and behind-the-scenes stories.
* A copy of Elvis' personal script from Jailhouse Rock.
* The Elvis Movie Files - Vintage news clippings and confidential
documents relating to Elvis' film career from the files of his longtime
manager, Colonel Tom Parker.
* Six 8"x10" film photographs and a collection of 5"x7" original movie
poster reprints.
Pricing and Information
"Elvis: the Ultimate Film Collection - Graceland Edition," is priced at $119.80, and available exclusively at http://dvd.elvis.com and at Graceland.
EPE, Inc.
Elvis Presley Enterprises, Inc. is based in Memphis, with additional offices in Los Angeles. In addition to Graceland and its related attractions in Memphis, including the Heartbreak Hotel, EPE is aggressively involved in a worldwide licensing program, merchandising, music publishing, and television, film, video and internet projects. For more information on EPE and Graceland, visit http://www.elvis.com. EPE is a subsidiary of CKX, Inc. (http://www.ckx.com.), a publicly traded company listed on the NASDAQ National Market System (NMS) under the ticker symbol CKXE.
Golden Cross
18年前
CKX Enters $125 Million Credit Deal
Thursday May 25, 1:02 pm ET
American Idol Producer CKX Enters $125 Million Revolving Credit Agreement
NEW YORK (AP) -- CKX Inc., which produces the American Idol TV show, said Thursday it entered into a $125 million revolving credit agreement with several lenders.
The revolving credit facility is led by Bear Stearns & Co. and includes UBS Securities LLC, The Bank of New York, Lehman Commercial Paper Inc. and Credit Suisse. The new facility will replace the company's previous $50 million facility, which the company said it has not drawn on.
The available loan pool could help the company finance acquisitions and joint ventures, said Robert F.X. Sillerman, chairman and chief executive, in a statement.
CKX, aside from owning the company that produces American Idol, also owns a 85 percent stake in Elvis Presley Enterprises Inc., which licenses the name, image and likeness of Elvis Presley, as well as operates Graceland.
Shares of its stock fell 33 cents, or 2.6 percent, to $12.56 in afternoon trading on the Nasdaq.
Golden Cross
18年前
CKX and Cirque du Soleil to Develop Elvis Presley Shows and ''Experiences'' Worldwide
Thursday May 18, 4:15 pm ET
The Elvis World Tour Kicks Off in 2008
NEW YORK--(BUSINESS WIRE)--May 18, 2006--CKX, Inc., (NASDAQ: CKXE - News), through its subsidiary Elvis Presley Enterprises, has entered into an exclusive arrangement with Cirque du Soleil for the creation, development, production and promotion of Elvis Presley Projects, featuring touring and permanent shows, as well as multimedia interactive "Elvis Experiences," throughout the world.
Elvis Presley Projects, expected to debut beginning in 2008, will consist of:
Touring shows that will be produced by Cirque du Soleil and incorporate the name, image, likeness and music of Elvis Presley.
Permanent shows at fixed locations that will be produced by Cirque du Soleil and incorporate the name, image, likeness and music of Elvis Presley.
Multimedia interactive entertainment "Elvis Experiences" that incorporate the music, memorabilia, audiovisual works, and the life and times of Elvis Presley.
Robert F.X. Sillerman, Chairman and CEO of CKX, Inc., commented, "This arrangement will allow fans around the globe, who have only seen Elvis Presley in movies or listened to his music, to truly experience what it was like to see Elvis perform. Cirque du Soleil remains one of the most stunning and exciting entertainment experiences on the planet and brings the creative genius needed to produce shows and multimedia events that will capture the true Elvis Presley."
Guy Laliberte, Founder and CEO of Cirque du Soleil, commented, "This new arrangement, with such incredible new partners as Robert F.X. Sillerman and his team, promises to be a most exciting and stimulating creative project for Cirque du Soleil. It also clearly demonstrates our intention to pursue the diversification of our artistic content through different live productions."
CKX and Cirque du Soleil will each own 50 percent of each Elvis Presley Project, sharing equally in the costs of creating, developing, building and producing each project and in the profits from each Project. CKX will also receive royalty payments on various aspects of its intellectual property used in the Elvis Presley Projects.
The parties have agreed to open at least one touring show in Europe and/or Asia and one "Elvis Experience" outside of the United States by 2008. Beginning in 2009, at least one Elvis Presley Project will be opened in each of the next six years. Beginning in 2014, at least one Elvis Presley Project will be opened every two years during the next eight years, through 2021. Shows in Las Vegas are not included in this arrangement at this time.
About CKX, Inc.
CKX, Inc., a company controlled by Robert F.X. Sillerman and affiliates, is engaged in the ownership, development and commercial utilization of entertainment content. To date, the Company has focused on acquiring globally recognized entertainment content and related assets, including the rights to the name, image and likeness of Elvis Presley, the operations of Graceland, the rights to the name, image and likeness of Muhammad Ali and proprietary rights to the IDOLS television brand, including the American Idol series in the United States and local adaptations of the IDOLS television show format which, collectively, air in over 100 countries around the world. CKX plans to continue to make strategic acquisitions of, or partner or align with, companies or individuals that control various forms of established entertainment content, which may include intellectual property rights in music, film, television programming, written works and characters, rights to names, images and likenesses, video games, corporate brands and other related assets. For more information about CKX, Inc., visit its corporate website at www.ckx.com.
About Cirque du Soleil
Cirque du Soleil is primarily a creative content provider for a wide variety of unique projects. In addition to shows, the Montreal based company wishes to extend its creative talent to other spheres of activity. While maintaining stringent standards of artistic quality and originality, Cirque du Soleil brings to innovative projects the same energy and spirit that characterizes each of its shows.
Cirque du Soleil is a Quebec-based organization providing high-quality artistic entertainment. Since its beginnings in 1984, over 50 million spectators in over a hundred cities on four continents have been thrilled by Cirque du Soleil. In 2006, 13 shows will simultaneously be presented across the globe. Cirque du Soleil is the recipient of many prestigious awards, including the Emmy, Drama Desk, Bambi, ACE, Gemeaux, Felix and Rose d'Or de Montreux.
Contact:
CKX, Inc.
Sean Cassidy, 212-981-5233
or
Ed Tagliaferri, 212-981-5182
or
Robert Zimmerman, 212-981-5118
or
Cirque du Soleil
Renee-Claude Menard, 514-723-7646 (7366)
rcm@cirquedusoleil.com
--------------------------------------------------------------------------------
Golden Cross
19年前
Video of Ceremony of Elvis Presley's Graceland Mansion Being Named Historic Landmark Now Online
Wednesday March 29, 4:04 pm ET
MEMPHIS, Tenn., March 29 /PRNewswire/ -- Elvis Presley Enterprises (http://www.elvis.com/gracelandtours ) announced today that they are offering free public access via streaming video to the ceremony designating Graceland, home of the king of rock 'n' roll Elvis Presley, a National Historic Landmark. Interior Secretary Gale Norton and Priscilla Presley made the announcement during a special ceremony on the grounds of Graceland Mansion (http://www.elvis.com/gracelandtours ) in Memphis, Tennessee. The video was shot for archival purposes but, because of the high level of interest, the decision was made to make it available for the public.
ADVERTISEMENT
View Ceremony Designating Graceland a National Landmark (http://elvis.com/graceland/special/video_nat_hist_landmark.asp )
Graceland: Home of Elvis Given Nation's Highest Recognition
Graceland was Presley's primary residence for 20 years of his 23-year career and is the one site most associated with him. Elvis Presley's Graceland is one of the five most visited home museums in the United States and the most recognizable residence in the nation after The White House.
The National Historic Landmark designation is the highest such recognition accorded by our nation to historic properties. These special places are the actual sites where significant historical events occurred, or where prominent Americans worked or lived, and represent the ideas that shaped our nation. Fewer than 2,500 historic places carry the title of National Historic Landmark.
Elvis Fans Celebrate Around the World
"We have been receiving phone calls and e-mails from Elvis fans from around the world," stated Scott Williams, Manager of Marketing and Communications. "Thanks to the internet, there are now hundreds of thousands of people all over the world who will be able to experience this historic day from their own homes and offices."
About: ELVIS PRESLEY ENTERPRISES, Inc.
Elvis Presley Enterprises, Inc. is based in Memphis, with additional offices in Los Angeles. In addition to Graceland and its related attractions in Memphis, including the Heartbreak Hotel, EPE is aggressively involved in a worldwide licensing program, merchandising, music publishing, and television, film, video and internet projects. For more information on EPE and Graceland, visit Elvis.com . EPE is a subsidiary of CKX, Inc. (Nasdaq: CKXE - News), a publicly traded company listed on the NASDAQ National Market System (NMS) under the ticker symbol CKXE.
goosemeister
20年前
very interesting here. please check:
Form 8-K for MARINE JET TECHNOLOGY CORP (mjet.ob)
28-Mar-2005
On March 24, 2005, Marine Jet Technology Corp. (the "Company"), a Nevada corporation, entered into a Letter of Intent to acquire Antik Denim, LLC, a California limited liability company ("Antik"). Antik designs, develops, markets and distributes high fashion jeans and accessories with an Old West flair under the brand name "Antik Denim". Antik's products include jeans, jackets, belts, purses and t-shirts. Antik currently sells its products in the United States, Canada, Japan and the European Union directly to department stores and boutiques and through distribution arrangements in certain foreign jurisdictions. Antik was established in September 2004, is headquartered in Commerce, California, and maintains two showrooms in New York and Los Angeles.
---
Story appeared on page 16
October 7, 2004
Blue Concepts’ Fresh Ideas
A co-founder of the Sasson jeans brand is rolling out the Antik and Taverniti So Jeans lines for early spring and has acquired the worldwide master apparel license from Elvis Presley Enterprises Inc., tapping into the craze for vintage rocker T-shirts and merchandise. Guez saw Sasson rocket to success in the late Seventies, but lost control of the brand after a bankruptcy proceeding in the late Eighties.
Guez said his firm, Blue Concepts, which operates as an incubator of fashion brands, is on track to bring in $30 million in revenues in 2004. With the new lines, sales should exceed $50 million next year.
To illustrate the power of the Elvis deal, Dolce & Gabbana had to get Guez’s approval before it presented a T-shirt of the rock legend at its fashion show last week.
Shipping in November, jeans from Antik wholesale for $79 to $160. Overall, the brand is expected to fetch $10 million to $15 million in sales its first year, Guez said.
The Elvis project offers the greatest potential, Guez said. It allows access to more than 40,000 images of the cultural icon, who died in 1977. Guez is projecting sales of $20 million to $30 million in its first year.
“All of my designers want to contribute and do something with Elvis,” Guez said.
The move is the first time Elvis Presley Enterprises has given one company jurisdiction over the entire apparel program. Some 10 to 15 current apparel licenses still exist and will be assigned to Guez, according to Carol Butler, director of worldwide licensing at Elvis Presley Enterprises.
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