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News createt: 10-11-2010

Update On CKX Inc.


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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.