As well as running Graceland, Presley's home in Memphis, Tennessee, Sillerman will own his name and likeness, the rights to his photographs and revenue from his music, TV shows and films such as "Jailhouse Rock."
The title to Graceland and its surrounding property, including most of Presley's personal effects, will remain with Lisa Marie Presley. Graceland's visitor complex and "Heartbreak Hotel" across the street will be sold.
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