Independent music publisher Chrysalis Music has signed prestigious five-year worldwide contract to administer a pair of publishing catalogs representing the bulk of Elvis Presley's biggest hits. The deal, cut last week with catalog co-owner Julian J. Aberbach and Elvis Presley Enterprises, gives Chrysalis direct control over Gladys Music and Elvis Presley Music for North America and authorizes the company to supervise the catalog's existing subpublishing deals abroad.
Together the two catalogs hold nearly 500 compositions, including such rock 'n' roll classics as "Hound Dog," "All Shook Up," "Love Me Tender" and "Viva Las Vegas." The singer's top hits can command as much as $250,000 in publishing royalties for a single use -- a rate rivaled only by the Beatles' best-known work.
Chrysalis beat out larger rival BMG Music Publishing, whose parent company BMG Entertainment owns most of Presley's recorded music catalog through its RCA imprint. BMG is planning a major marketing push later this year to accompany a new collection of Presley's 30 No. 1 hits this October. Prior to last week's deal, the two Presley catalogs were independently administered.
Source: Reuters / Updated: Apr 15, 2002