By NELLIE ANDREEVA
May 23, 2013
As we reported earlier this week citing the Financial Times, CORE Media Group is exploring a sale of Elvis Presley
There had been no official comment on the potential sale until now.
Deadline has obtained exclusively a statement from the Presley family about the development:
“Our family enjoys a strong working relationship with CORE and is supportive of their process,” the statement says. “
Lisa [Marie Presley] will maintain her interest in EPE and ownership of Graceland Mansion and looks forward to whatever opportunities enable the best long-term interests of the family.” Lisa Marie Presley owns 15% of EPE, which manages the assets of the Elvis Presley estate, including the 100-acre property in Memphis, Tennessee. CORE’s predecessor, CKX, bought the other 85% in 2005.
CORE is not dead set to sale and may retain the properties if it is not satisfied with offers.