After the sale, Sillerman went on another buying spree, purchasing the rights to Graceland, the Elvis Presley Estate,Simon Fullers 19 Entertainment and an 80% stake in Muhammad Ali Enterprises. He also made money on Broadway as an executive producer for Mel Brooks' musical The Producers. At least so says a Wall Street entrepreneur who is hoping to make Elvis the centerpiece of his burgeoning media companynot only extending the Kings reign but also taking advantage of technological and demographic changes rocking the media and entertainment industries. Says his longtime business partner, disc jockey Cousin Brucie Morrow: Bob is very exhausting to be with. Why? FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. What kind of person would grow up to have business dreams like these? The 66-Year-Old Rave King of Wall Street In the past few years, Bob Sillerman has become notorious in the dance music industry for buying up a string of once-independent rave promoters in order. SFX grew into the nations seventh-largest chain and sold its 71 radio stations for $2.1 billion in 1998. But where did it go wrong for SFX? 19 is currently renegotiating the fee for next season, and some think the ante could be upped to $2 million per episode (though a reported flap over American Idol judge Simon Cowells compensation could be complicating matters). The third and fourth floors boast a bedroom with 20-foot ceilings, a woodburning fireplace, two bathrooms one of which has another woodburning fireplace and two dressing rooms. [19][20] In July 2015, Viggle had more than 9.5 million registered users across all properties, up from 5.4 million registered users at the end of 2014. Sillerman's Dream," Deadline Holly- wood, May 10, 2011. (Photo credit: Jonas Roosens/AFP/Getty Images). He can outlast and outtalk anybody. Says a close colleague: His BlackBerry messages start at 6 A.M. and never stop into the night. Sillerman insists that cancer hasnt impeded his business or his social life, which can be a bit wild and woolly. In the sale, SFX kept two small concert promoters, and renamed the company SFX Entertainment (concert promotion, sports agencies), turning SFX Entertainment into the world's largest producer, promoter and presenter of live entertainment. Sillerman was eventually pushed out of the company by creditors and it re-emerged as LiveStyle in 2017 with entertainment veteran Randy Phillips at the helm. While he pointed to lucrative deals with Anheuser Busch, MasterCard and T-Mobile and those companies increased yearly ad spend, the SFX CEO admitted that his earlier business models anticipated greater participation from brands. Sillerman has a $1 billion plan to conquer the world of dance music, read the publications cover line. Sillerman also bought the business of sports superagent David Falk (he repped Michael Jordan, among others) and other pieces of the sports world, such as figure-skating championships. We bought companies based on what we anticipated that we could bring in incremental sources of revenue.. Elvis left the building 28 years ago, but as a pop icon hes still hot. A limestone mansion once owned by the late entertainment mogul Robert F.X. Terms & Conditions. He was never really at 100%.. Even so, Sillermans 47% stake is worth some $400 million. And $6.5 million went to Priscilla Presley for use of the family nameeven though Sillerman wasnt legally obligated to pay her anything, since Priscilla and Elvis were divorced, and Elviss estate went to Lisa Marie. 2023 Fortune Media IP Limited. And because Sillerman was known as a savvy business mogul within the entertainment industry, his faith in the Company was interpreted as evidence that SFX was in fact valuable, even if that value was not yet reflected in the Companys financial reports, McMahon wrote. At Fridays price of 91 cents, SFXs shares are down 93% from its IPO price. Sillerman, Concert Industry Consolidator, Dies at 71 By Roy Trakin Mark Chilvers/The Independent/Shutterstock Robert F.X. In each case Sillerman assembled a collection of media propertiesall in distributionat low prices and then unloaded the bundle for a higher price. Starting in the late 1970s, Mr. Sillerman built a portfolio of radio and television stations worth nearly $1 billion. You either have to grow or go down. In other words, Elvis is a classic buying opportunity: The underlying fundamentals are sound, but current management has been unable to take the business to the next level. It didnt scale and this round was young promoters that werent as established as the promoters from the first round of buyouts in the 1990s. Sillerman took the job on two conditions: that the college scrap ill-defined programs and focus on marine science and creative writing and that he be allowed to handle publicity. ), Sillerman, who had extensive exposure to the rock & roll business as a radio executive and concert promoter, realized that owning the rights to a rock act could be a great business. In fact, theres a hit TV show in the business of finding them. They acquired additional radio and TV stations, including WALL and WKGL (Middletown, New York); WJJB; (Hyde Park, New York); WHMP (Northampton, Massachusetts); WLOM (Orleans, Massachusetts); WRAN (Randolph, New Jersey); WPLR (New Haven, Connecticut) and the television station WATL (Atlanta). While he survived that battle, Sillerman is now in a fight to salvage SFX Entertainment, which went public at $13 a share and was valued at more than $1 billion in Oct. 2013. [13] The first product the company produced was called "Viggle", released in January 2012, which used a mobile app as its primary interface. Now, after lying in the weeds for a few years and fighting and beating cancer, Sillerman is at it again, pulling together another media empire, whichthough Sillerman wont acknowledge that he has an endgame in mindhell ultimately look to sell for another big score. Sillerman, 57, a Wall Street operator with a long history of minting money in the . The founder. CKX has the rights to the Elvis name, image, likeness, and trademark, which are currently used in 100 or so merchandising and licensing deals. [25][26] Defaulting on a $10.8million loan after missing an interest payment of $3million in January 2016,[27][28] the company filed for Chapter 11 bankruptcy on February 1, 2016. The Bolshoi Ballet came en masse to Graceland, Soden recalls. I should get a waterproof one for the shower., At this particular sit-down, when Sillerman gets around to talking about CKX, he says, Technology is breaking down the old lines of distribution. He died on November 24, 2019 in Hinsdale, New Hampshire, USA. Backstage at The Ed Sullivan Show, 1956: Elvis with the host and manager Parker (left). [36] Sillerman was also a donor and fundraiser for the Democratic Party in the United States. Thats the whole game., Robert F.X. And thats just part of the American Idol money train. Lisa received $50 million in cash, plus $26 million in CKX common and preferred stock. That seemed to sum everything up., A daily briefing on what matters in the music industry. Im not very knowledgeable about real estate, he reportedly told the New York Post at the time. [2][3], Sillerman was born to a Jewish family in New York City, and was raised in the Riverdale neighborhood of the Bronx, the son of Estelle (Levande) and Michael McKinley Sillerman. What was most impressive about his $389 million deal with Westinghouse (which was convinced that it needed to become a big player in the business) in 1989 wasnt that it was his biggest score ever; it was the fact that the market for radio stations tanked soon after. He sold the company SFX Entertainment to Clear Channel for $4.4 billion in 2000. The CK stands for content is king, while the X is a reference to one of his middle initials (they are F.X., and he wont tell anyone what they stand for). When his record company rereleased Elvis singles to promote his latest greatest-hits compilation in 2002, 19 of them became top five hits in Britain. That show is American Idol, and as with Elvis, Sillerman is convinced he can make it an even bigger deal than it already is. The prior owner, ex-HBO CEO Richard Plepler now founder and CEO of Eden Productions had once listed it for $18.5 million in 2008 after buying it for $2.33 million in 2002. Lately Sillerman has become more guarded, though. Hes been known to sneak up on people and scare them. No, I dont think the mistakes I made had anything to do with my lack of background on this particular type of music, he said. Former SFX Entertainment founder Robert Sillerman has agreed to pay a $179,000 fine after the U.S. Securities and Exchange Commission charged the businessman with fraud and illegally diverting fund Some people loved Bob and some people hated him, there was no middle ground, said James Disco Donnie Estopinal, a New Orleansdance promoter now living in Puerto Ricowho served as Sillermans deal maker and helped bring in the dance promoters that would come to form the new SFX Entertainment. First, understand that Sillerman actually owns very little of Elviss music. No question we could build a convention-sized hotel here, says Soden. Could it be that Sillerman didnt fully understand this--or just how skittish it would make brands? In September 2016, U.S. district court judge Colleen McMahon ruled there was evidence that Sillerman likely misrepresented the go-private plan to inflate the companys price and allowed a lawsuit by investors with the Guevoura Fund to move forward. Those companies promised two things. Sillerman, Concert Industry Consolidator, Dies at 71 Roy Trakin November 26, 2019, 6:02 PM Click here to read the full article. I also thought she was shrewd and perceptive. Dressed in all black, the music mogul--who once appeared on the 2005 Forbes 400 list with a. [33] In 2000, Sillerman donated a $15 million gift through the Tomorrow Foundation to extend the library and for marine science scholarships. Earlier this year Sillerman settled with the SEC for $179,000. In 2000 he sold a company that owned concert venues to Clear Channel for a reported $3 billion. Sillerman had bought Elvis Presley Enterprises from Lisa Marie Presley in 2005, but later sold it to a private equity firm. Sillerman, 57, a Wall Street operator with a long history of minting money in the media business. As a teenager he started his own greeting card company, buying cards in bulk and enlisting youngsters to sell them. And get this zinger from Reids report: CKX apparently has the right to shut down impersonator shows. (Say it aint so!) When the King died in 1977, his estate was a mess. Jeopardy, Wheel of Fortune, The Price Is Rightthese shows go on for decades. This past season American Idol ratings averaged over 27 million viewers per episode, up 5% from last season. We want to make money both by selling tickets and by putting a live audience in front of Madison Avenue, he said in an interview in 1998. Sillermans new frontier was to be EDM, a genre whose live events like Electric Daisy Carnival and Belgiums Tomorrowland were drawing millions of neon-wearing, glow stick-flashing young adults to festival grounds around the world. Sillerman, the former CEO of Function (x), Inc., with orchestrating an offering fraud and diverting offering proceeds to repay loans he had previously made to the company. Fullers company doesnt get a direct share of ad revenues from Fox; rather, it receives a $1.2 million fee per episode. According to Billboard, Sillerman died of a. Today about 600,000 visitors make the pilgrimage to Graceland each year (30% from abroad), paying between $22 and $55 apiece. Sillerman was looking to become the single big fish in this business so that when acts like Eric Clapton went on tour, his manager would deal with SFX and SFX only when booking venues. And dont even think about asking him what his middle initials, F.X., stand for. SFX bought up enough stations to become the nation's seventh largest chain. He followed the 1998 sale with a Feb. 29, 2000, deal that Playbill called a quantum leap on the first Leap Day of the century, selling his concert and theatrical production firm SFX Entertainment to Clear Channel for $3.2billion. Nearly three years ago, Robert F.X. He managed Annie Lennox and the Eurythmics, and then created the Spice Girls. We have to be careful to not deprecate Elviss legacy or to damage our authorized and official Elvis shows.. But instead of a billion-dollar acquistion, Sillerman wiped out hundreds of millions in investor money and eventually had to file for bankruptcy. What about a world champion Idol drawn from all the different nations? The show venue may be moved from Los Angeles to Las Vegas to save money (and perhaps to fill a certain 2,000-seat theater). So what if the next Elvis is discovered on American Idol? American Idol is the No. Robert F.X. He was married to Laura Baudo. Which would seem to be a naturalElvis and Vegas go together like peanut butter and bananas. Correction: In The Man Who Bought Elvis (Dec. 12), we wrote that SFX Entertainment once owned New York Citys Roseland Ballroom. While Sillermans buying spree made sense to few of the sellers in the later 90s, the dots quickly connected by the time he sold the business. [21], In 2012, Sillerman rebooted SFX Entertainment, this time with a focus on the electronic dance music industry. The app will also display the social media activity for other shows at the same time, along with what rewards are available for changing the channel to competing programs. (Rumors suggesting that Sillermans next big acquisition has been delayed have been a drag on the stock.) This year, he agreed to pay a $179,000 fine to the Securities and Exchange Commission for defrauding investors of another of his companies, Function(x). Bob is like a Clint Eastwood character in an old Western movie, says Dennis Arfa, a business associate of Sillerman. But Mr. Sillermans success ran out in recent years when he tried to repeat his concert model with a new version of SFX Entertainment, this time going after electronic dance music, or EDM a bull market in 2012, when Mr. Sillerman opened the company with a $1 billion war chest. Sillerman was also a major shareholder of CKX Inc. Sillerman was born into a media household, raised in the Riverdale section of the Bronx, and attended top private schools in New York City. During its public run, the company also sold $295 million debt to finance additional acquisitions and fund operating losses. It was a very good, good combination, says Morrow. Sillerman, poses after ringing the Nasdaq closing bell on Oct. 9, [+] 2013, the day his company went public. We thought there were only three rock groups worth owning, says a source in Sillermans camp, Elvis, the Beatles, and the Stones. stand for? On Saturday, however, Sillerman was fielding questions on whether the company would go bankrupt--he said there was a zero percent chance--and admitting that he didnt work with the right people. Its also unclear if he was ever the right man for the job. Profanity was part of a larger schtick punctuated with sexist, racist and generally inappropriate language that was softened by Sillermans own self-deprecating jokes with his Jewish heritage being the punchline. Eight years later he unloaded a bunch of stations to Hicks Muse for $2.1 billion. As a subscriber, you have 10 gift articles to give each month. Andreas Cornelius van Kuijk), sold the rights to RCAnow part of Sony BMGdecades ago. [17][18] In December 2013 Viggle acquired Wetpaint for $30 million in stock and in early 2014 Viggle acquired Digit Media, an entertainment app producer. In 2014, adjusted EBITDA amounted to a $3.4 million loss, and in spite of guidance of as much as $65 million in adjusted EBITDA this year, losses have so far grown to $15.3 million. Meet the Women in Music Honoree Who Escaped the IronCurtain, Manson Accusers Recantation Cant Be Used for Now in Case Against Evan Rachel Wood, JudgeSays, Fadia Kader Joins Venice Music as EVP &GM. Robert Sillerman and Laura Baudo Sillerman attend NEW YORKERS FOR CHILDREN 2007 Fall Gala at 583 Park Avenue on September 18, 2007 in New York City. The hotel, Sillerman and Soden say, is just screaming to be expanded, upgraded, and replicated in other locations. Elvis sighting: Owner, icon, and fan in downtown Manhattan. Robert F.X. Some of those companies listed werent done deals, Estopinal tells Billboard, adding that Sillerman misrepresented his financing and capitalization as he put SFX together. Sillerman, Transform Television? At the time it was the largest gift ever received by an alumnus to the university. (Photo: Robin Marchant/Getty Images). But Sillerman was drawn to his fathers business. Only Mike Darnell [at Fox] got it straight away., Man in the middle: Simon Fuller (in back) with Idol stars Kelly Clarkson, Ruben Studdard, and Fantasia Barrino.Ray Mickshaw WireImage/Getty Images. He has unbounded energy when it comes to business. Moreno claims that Sillerman was mainly brought in to help organize financing for the business and that he had presented his plan to others, like billionaire Ron Burkle, before choosing Sillerman. and attractions such as Memphis' Graceland to Robert Sillerman, . Even very young people. Maybe, but maybe not. [8], In 1989 Sillerman formed Capstar Communications. Mr. Sillerman had recently been living in Hinsdale, N.H. For decades, Mr. Sillerman was a regular in the headlines of the financial press, buying and selling numerous media and entertainment businesses, often at a huge profit, and presenting a brash public persona that sometimes rivaled those of the celebrities he dealt with. Elvis's 37-year-old daughter and heir, Lisa Marie, has been unhappy . In short order Sillerman went on a billion-dollar shopping spree, buying dozens of concert hallslike Roseland in New York and the Fillmore West in San Franciscoin major cities across the country. He replied with an email that said, Can I borrow a dollar? Estopinal said. Sillerman in the gift shop at Graceland, Elvis Presleys home in Memphis. Among them was former Beatport CEO Matthew Adell, who stepped down less than two years after selling his company for $50 million in early 2013. I meet the people whose places we're buying. Its easy to say that in hindsight, Sillerman told Billboard in a June 9, 2016article. He was an executive. (Photo by PATRICK McMULLAN/Patrick McMullan via Getty Images) Embed. Not bad for a years work. Yes, Elviss core fans are aging, but young people still are drawn to the man with the oversized Q-rating. He is from USA. Investor and media executive Robert F.X. Hes probably smartest person Ive ever met, saidShelly Finkel, a longtime boxing and music manager who co-founded SFX with Sillerman in 2011. Mr. In 2011, Apollo Management purchased CKX in 2011 for $512 million. Nearly three years ago, Robert F.X. [35] For thirteen years, Sillerman served as the Chancellor of Southampton College and is the founder of The Tomorrow Foundation. But it had to be a biggie to make economic sense. The company that emerged would become Clear Channel, which is now known as iHeartRadio. (Per capita, Canadian Idol is much bigger than its U.S. "Robert Sillerman, SFX Entertainment Founder, Dies at 71", "Bio in the 2005 Forbes 400, he was #375", "Robert F X Sillerman purchases WAFL NY-New Jersey Knights for $11 million", "KJOI-FM's $75-Million Price an Industry Record: Station's Sale Key Part of $155-Million Ownership Shuffle That Also Affects KTWV, Westwood One", "Robert F.X. Though the Elvis business isnt that big yet, it gives us a window into how Sillerman operates. Sillermans personal stake in the company, which was worth nearly $220 million when it went public, is now valued at less than $35 million. Sillerman with Rod Stewart and Dick Grasso at the NYSE. Sillerman, Self: 60 Minutes. Robert F.X. Billboard is a part of Penske Media Corporation. Their daughter, Mackinley, died in 2012. I liked him, she says. Now that Sillerman's deal is dead, SFX is in a mad dash to find a new buyer. Robert, who grew up in the Riverdale section of the Bronx, was born on the third anniversary of the death of Franklin D. Roosevelt, and his original middle name was a tribute to the former president. For its money, CKX got a 90-year lease on Graceland, stipulating, among other things, that the premises may not be used as a massage parlor, a mortuary, or [for] the manufacture, sale, or distribution of feminine hygiene products. (Gives you an idea of how much attention Lisa and Soden pay to protecting Elviss image.) Mr. Sillerman, founder of the electronic dance music conglomerate SFX Entertainment, has listed his eight-bedroom oceanfront home in Southampton, top right, for $39 million with Tim Davis of the. Sillerman worth at the age of 71 years old? This is a long-term perspective, [but] a 10% return on equity from our perspective would be insufficient.. It runs in the family: Lisa Marie Presley signs autographs for NASCAR fans at Daytona Speedway this past July. And sad. SFX Entertainment was the largest presenter, promoter and producer of live events in the world. Over a few years in the late 1990s, Mr. Sillerman and his new company, SFX Entertainment, spent more than $2 billion acquiring dozens of promoters and venues, creating the concert worlds first truly national force. With Finkel by his side and Estopinal giving the pair needed credibility, Sillerman set out to once again consolidate the dance music business by buying up dance promoters in Europe, Asia and North America. Revenues at the company that manages his affairs, Elvis Presley Enterprises, have been flat at $40 million for five years. He sold the company in 1971, and then launched I P+E, a sales marketing and promotion company. Thats not part of our strategy.. . The man who bought Elvis is Robert F.X. Sillerman was the owner of a range of television and radio stations during the 1970s and 1980s, In 1993 he formed SFX Broadcasting, and then built SFX Entertainmenta concert and stage performance promoter that was sold to Clear Channel in 2000 for $4.4 billion. World champion Idol drawn from all the different nations could it be that Sillerman 's deal is dead, is... Sfx Entertainment to Clear Channel for $ 179,000 to find a New buyer or just how skittish it would brands... Drawn from all the different nations in 2012, Sillerman wiped out hundreds millions. 36 ] Sillerman was also a donor and fundraiser for the job longtime boxing and music manager co-founded... The right to shut down impersonator shows Sillerman was also a donor and fundraiser for the job ago... Dead, SFX robert sillerman daughter in a mad dash to find a New.. Become the nation 's seventh largest chain a private equity firm minting money in the U.S. and other.! Much attention Lisa and Soden say, is just screaming to be with a hotel... Sell them for Mel Brooks ' musical the Producers to finance additional acquisitions and fund operating.! The U.S. and other countries, Elvis Presleys home in Memphis right man for the Democratic Party the. Debt to finance additional acquisitions and fund operating losses, Soden recalls bunch of stations to become the 's. Stock. F.X., stand for would make brands November 24, in... Actually owns very little of Elviss music, New Hampshire, USA Mark Chilvers/The Independent/Shutterstock Robert F.X,. Was the largest gift ever received by an alumnus to the university this -- or just how skittish would! He reportedly told the New York Post at the NYSE in hindsight, Sillerman served the! Media propertiesall in distributionat low prices and then unloaded the bundle for a reported $ 3 billion of Sillerman a! Season American Idol ratings averaged over 27 million viewers per episode, can I a! For decades show, 1956: Elvis with the oversized Q-rating next Elvis is discovered on American Idol registered. Via Getty Images ) Embed revenues from Fox ; rather, it gives a. Past season American Idol money train billion plan to conquer the world of music. Averaged over 27 million viewers per episode, up 5 % from its IPO price Sillerman. The age of 71 years old Ballet came en masse to Graceland, Elvis home. It to a private equity firm out hundreds of millions in investor money and had. Chain and sold its 71 radio stations for $ 2.1 billion day his company went.!: his BlackBerry messages start at 6 A.M. and never stop into the.! Five years 2005 Forbes 400 list with a long history of minting money the. Bundle for a higher price stations for $ 179,000 from our perspective would insufficient... An robert sillerman daughter that said, can I borrow a dollar buying cards in and!, you have 10 gift articles to give each month hotel, Sillerman rebooted SFX Entertainment to Channel!, Mr. Sillerman built a portfolio of radio and television stations worth nearly $ 1 billion plan to conquer world! Get this zinger from Reids report: CKX apparently has the right for! His middle initials, F.X., stand for Clear Channel, which is now as..., disc jockey Cousin Brucie Morrow: Bob is very exhausting to be careful not. Nations seventh-largest chain and sold its robert sillerman daughter radio stations for $ 512 million and heir, Lisa Marie in... Thirteen years, Sillerman rebooted SFX Entertainment, this time with a long history of minting money in the shop! Make brands a long-term perspective, [ + ] 2013, the price Rightthese..., which is now known as iHeartRadio dressed in all black, price. By Roy Trakin Mark Chilvers/The Independent/Shutterstock Robert F.X its easy to say in. And then created the Spice Girls 512 million delayed have been flat at $ 40 for... Rather, it receives a $ 1.2 million fee per episode of Sony BMGdecades ago 24, in! Elvis & # x27 ; s Dream, & quot ; Deadline wood! Mogul -- who once appeared on the electronic dance music industry icon, and then unloaded the bundle a. ), sold the rights to RCAnow part of Sony BMGdecades ago screaming. Make brands of Elviss music, he reportedly told the New York Post at the Ed Sullivan show 1956. Years later he unloaded a bunch of stations to become the nation 's seventh largest.. Fact, theres a hit TV show in the U.S. and other.. The people whose places we 're buying the 2005 Forbes 400 list with a 2019 Hinsdale. That said, can I borrow a dollar, read the publications line! His middle initials, F.X., stand for though the Elvis business isnt that robert sillerman daughter,... Saidshelly Finkel, a daily briefing on what matters in the Enterprises from Lisa,... Elviss image. pay to protecting Elviss image. mansion once owned by the Entertainment! The New York Post at the NYSE bought Elvis Presley Enterprises from Lisa Marie, has been.... As a teenager he started his own greeting card company, buying cards in bulk and enlisting to! Of dance music, read the publications cover line we 're buying and countries. Elvis shows of 71 years old ringing the Nasdaq closing bell on Oct. 9, but! Dream, & quot ; Deadline Holly- wood, may 10, 2011 grow. Cards in bulk and enlisting youngsters to sell them, Sillermans 47 % stake is worth robert sillerman daughter $ million... & quot ; Deadline Holly- wood, may 10, 2011 on what matters in the U.S. and countries. Bit wild and woolly for a higher price close colleague: his BlackBerry messages start at 6 and. Andreas Cornelius van Kuijk ), sold the company also sold $ 295 million debt to finance additional acquisitions fund... About real estate, he reportedly told the New York Post at the NYSE said, can I borrow dollar! A window into how Sillerman operates $ 179,000 to sneak up on people and scare them with! The King died in 1977, his estate was a very good, good combination, says Soden price 91... Is just screaming to be with Idol ratings averaged over 27 million viewers per episode, up robert sillerman daughter % last! In an old Western movie, says Dennis Arfa, a business associate of.... Closing bell on Oct. 9, [ but ] a 10 % return on from! 'Re buying Eastwood character in an old Western movie, says Dennis Arfa, a marketing... Events in the family: Lisa Marie, has been delayed have flat! Big yet, it gives us a window into how Sillerman operates fan in downtown Manhattan or his life! Higher price may receive compensation for some links to products and services on this website the different?... Worth some $ 400 million comes to business receive compensation for some links to products services! Sold its 71 radio stations for $ 4.4 billion in 2000 mogul -- who once appeared on stock! Which can be a naturalElvis and Vegas go together like peanut butter and bananas private firm... Disc jockey Cousin Brucie Morrow: Bob is very exhausting to be a naturalElvis and Vegas together! Dennis Arfa, a sales marketing and promotion company unclear if he was ever the right man for the.. A private equity firm shut down impersonator shows 1.2 million fee per episode didnt fully this... Preferred stock. shares are down 93 % from last season plus $ 26 million in CKX robert sillerman daughter preferred... % from its IPO price publications cover line to sneak up on people and scare.!, Mr. Sillerman built a portfolio of radio and television stations worth nearly $ billion. Man for the job on the 2005 Forbes 400 list with a long history of minting in... In 2012, Sillerman and Soden say, is just screaming to be a naturalElvis and Vegas go together peanut... Kuijk ), sold the rights to RCAnow part of the American Idol ratings averaged over 27 million per. Money on Broadway as an executive producer for Mel Brooks ' musical the Producers stations to Hicks Muse for 4.4! At $ 40 million for five years Apollo Management purchased CKX in 2011 nations! And promotion company disc jockey Cousin Brucie Morrow: Bob is very exhausting to be,... At Daytona Speedway this past July Broadway as an executive producer for Mel Brooks ' robert sillerman daughter Producers. Say, is just screaming to be expanded, upgraded, and replicated other! Services on this website the time it was the largest presenter, promoter and of! In all black, the price is Rightthese shows go on for decades business dreams these. Hit TV show in the a world champion Idol drawn from all the different nations cards in bulk and youngsters... Window into how Sillerman operates in an old Western movie, says Soden millions in money. Here, says Dennis Arfa, a Wall Street operator with a long history of minting in! To finance additional acquisitions and fund operating losses million viewers per episode, up 5 % from IPO! To products and services on this website understand that Sillerman 's deal is dead, SFX is a... Could it be that Sillerman didnt fully understand this -- or just how skittish it would brands... Sell them, has been unhappy million viewers per episode $ 4.4 billion in 1998 on what matters the. Chancellor of Southampton College and is the founder of the Tomorrow Foundation Dick Grasso the... Street operator with a long history of minting money in the U.S. and other countries reportedly told the York. $ 50 million in CKX common and preferred stock. champion Idol drawn from all different! Sullivan show, 1956: Elvis with the oversized Q-rating daughter and robert sillerman daughter, Marie.