The case was settled out of court in 1983, and in exchange for $2 million, Parker had to relinquish all video and audio recordings of Presley and give up his earnings on all Presley-related materials for the next five years.
Much of the money went to Col. Tom Parker, the King's enigmatic, cigar- chomping manager and Svengali. Court records show that Parker represented Elvis in return for an unheard-of 50 percent of the singer's income.
By the time of Elvis' death, the Colonel was said to owe the Hilton Hotel group around $30 million in gambling debts.
In the later years of his life Elvis performed several Las Vegas residency shows after the Colonel made a deal to keep him there in order to pay for his large gambling debt.
After Elvis' death, Colonel Tom Parker continued to manage and make money from Elvis' estate, until a case between him and the Elvis Presley Estate resulted in him receiving $2 million in exchange for all Elvis audio recordings or visual images that he owned, as well as the termination of his involvement in any Presley ...
The sum varies from $2 million to $10 million, she says, and as the movie shows, Elvis ultimately decided he couldn't afford to pay and went back to work for the colonel.
They went motorcycle riding together in Nashville. Parker used Jimmie to sidle up to Elvis and form a friendship to get Elvis to sign with Parker and the elder Snow, who were then business partners. But then Colonel cheated Hank out of half of Elvis and that was that.
Yes, Colonel Tom Parker did go to Elvis' funeral.
That never happened—Elvis died not knowing of Parker's illegal status—but he would have had to have had a tin ear not to pick up on an accent as obvious as Hanks's.
In 1993, Graceland purchased the property. Today, all shops and attractions in what is now known as Graceland Plaza are owned and operated by EPE.
At the time of Presley's death in 1977, it was suspected that Parker owed the Las Vegas Hilton over $30 million ($144,876,442 in 2022 dollars) in gambling losses. After a lifetime that saw him earn in excess of $100 million, Parker's estate was worth barely $1 million when he died.
In 1983, during her 25th birthday, Lisa Marie finally inherited her father's entire estate, which had grown to about $100 million.
Elvis Presley was always reputed to be a free-spender. Estimates place his lifetime earnings anywhere from $100 million up to one billion dollars.
Parker used companies he set up — including Elvis Presley Enterprises — to cut Elvis' share down to 22 percent of every dollar earned for much of the income, including merchandising. After that fateful August night in 1977, Parker no longer had the King to manage or make money for him.
At the time of Elvis' death in 1977, his estate was worth about $5 million (roughly $25.4 million in today's dollars). Lisa Marie Presley inherited her father's estate when she turned 25 years old in 1993.
Among those who participated in the public memorial service at Elvis Presley's mansion in Memphis, Tenn., were musicians Billy Corgan, Alanis Morissette and Axl Rose, as well as Priscilla Presley.
Did Ginger Alden Attend Elvis' Funeral? Yes. As his fiancée at the time, it is believed that Ginger Alden was present for Elvis' funeral. Following the funeral, however, she was reportedly banned from Graceland by Presley's family and had to receive permission to visit his grave.
Ginger Alden, Presley's former fiancée and final companion who found him dead in his bathroom in 1977, penned a tribute to the King of Rock and Roll's daughter, whom she had known for a short time before Elvis' untimely death.
Since he had never applied for U.S. citizenship, he was essentially a man without a country and no one had jurisdiction over him. Such tactics delayed resolution so long that the Presley estate finally settled with Parker, and he received a $2 million settlement from RCA Records.
Col. Tom Parker, 87, a onetime carnival pitchman who shrewdly guided singer-actor Elvis Presley's career for 22 years, died here Jan.
Elvis called his satin-skinned mother “Satnin” and the two communicated in a babytalk no one else could understand. “Elvis saw his parents as his 'babies,'” recalled his friend and future manager, Lamar Fike ("Elvis and the Memphis Mafia").
The money. It has been widely reported that the colonel took more than half of Presley's income in return for negotiating merchandising deals, TV appearances and acting roles.
While most of Presley's estate belongs to the late rock star's daughter, a deal that was made before his death rerouted all of the royalties from his music away from his estate. In 1973, Elvis and his manager, "Colonel Tom" Parker, went to RCA and offered them a deal in return for all future royalties from his music.