(CelebrityAccess MediaWire) — Following the release of its quarterly report for the three months ending September 30th, Robert F.X. Sillerman’s CKX Inc. is showing a significant rise in revenue and operating expenses from a year ago.
The revenue increase to approximately $60 million, compared to the $12.7 million in 2004’s third quarter report, as well as the operating expenses of almost $55 million, compared to 2004’s $9.2 million, can be attributed to the company’s huge buyouts of 19 Entertainment and the property of Elvis Presley.
19 Entertainment includes the hugely successful “American Idol” and “Pop Idol” factors.
CKX also purchased Morra, Brezner, Steinberg & Tenenbaum Entertainment recently, which handles the careers of Robin Williams and Billy Crystal, among others. –by CelebrityAccess Staff Writers