NEW YORK (CelebrityAccess MediaWire) — CKX, Inc., 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," worldwide.
Elvis Presley Projects is expected to debut in 2008, and will include touring shows and permanent shows at fixed locations
that will be produced by Cirque du Soleil and incorporate the name, image, likeness and music of Elvis Presley, and multimedia interactive entertainment, "Elvis Experiences", that incorporate the music, memorabilia, audiovisual works, and the life and times of Elvis Presley.
CKX and CDS will each own 50% of every Elvis Presley Project and will split the profits and losses from each project equally. The parties will also share equally in the costs of creating, developing, building and producing each Elvis Presley Project. The enterprise will pay CDS an annual $500,000 producer fee for each touring show and permanent show and CKX will receive an annual $500,000 producer fee for each multimedia Elvis experience. CKX is also entitled to receive a customary music publishing fee for the incorporation of Elvis Presley music owned by CKX into the Elvis Presley Projects.
CKS and CDS will work together to determine which Elvis Presley Projects to pursue and where and in what order to pursue them. In addition to opening at least one touring show in Europe and/or Asia and one multimedia Elvis experience outside of the United States by 2008, they will also open at least one Elvis Presley Project in each of the next six years (2009-2014) and then one Elvis Presley Project every two years for the following eight years (2014-2021).
Shows in Las Vegas are not included in this arrangement at this time. — Jane Cohen and Bob Grossweiner
