Elvis’s IP Rights Sold

Authentic Brands Group, a New York City intellectual property corporation, has bought Elvis Presley’s intellectual property and the right to operate Graceland from CORE Media Group, becoming the latest of four companies to own a majority share in the intellectual property assets of the late Memphis entertainer. Presley’s daughter, Lisa Marie Presley, continues to own Graceland and the artifacts of her father’s life, The Memphis Daily News reports. Authentic Brands will work with the licensing and merchandising rights, which come with a library of images, artworks, movie posters, recordings of Presley’s music and his television appearances.