Graceland slips for CKX
CKx Inc., which owns Graceland, "American Idol" and other entertainment properties, on Monday reported net losses for the third quarter and first nine months of 2010.
The company lost 3 cents a share for the quarter, compared to profit of 12 cents a share a year earlier.
The Viva Elvis Cirque du Soleil show in Las Vegas was a bright spot, helping generate a 7.8 percent increase in revenues related to Elvis Presley licensing and royalties.
However, CKx said revenues from Graceland, the Presley home in Memphis, were $12.1 million, down $286,000 from a year earlier for the three months ending Sept. 30. CKx said Graceland attendance for the quarter was 174,077, down 3.2 percent, but per-visitor spending was up 2.5 percent.
The company lost 3 cents a share for the quarter, compared to profit of 12 cents a share a year earlier.
The Viva Elvis Cirque du Soleil show in Las Vegas was a bright spot, helping generate a 7.8 percent increase in revenues related to Elvis Presley licensing and royalties.
However, CKx said revenues from Graceland, the Presley home in Memphis, were $12.1 million, down $286,000 from a year earlier for the three months ending Sept. 30. CKx said Graceland attendance for the quarter was 174,077, down 3.2 percent, but per-visitor spending was up 2.5 percent.
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