Elvis Presley: Who will get Elvis Presley’s royalties? Does Lisa Marie personal Elvis’ music? | Music | Entertainment

However, Sam bought this contract and {the catalogue} of songs made at Sun Records to RCA, a report firm, in late 1955, after which Elvis remained below contract to RCA.

He acquired an artist’s royalties on report gross sales, which had been a part of the contract he had negotiated.

However, in March 1973, Colonel Tom and Elvis went to RCA, suggesting Elvis be given a lump sum in lieu of all future artist’s royalties for something recorded as much as that point.

Of course, by 1973, Elvis had fairly the again catalogue to work with, which means this is able to have earned RCA an enormous sum of money.

The deal was carried out, and RCA paid Elvis and Colonel Tom $5.4million (£4.2m) for the artist royalties, which was then break up equally between the 2 males.

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