Elvis estate sues Chrysalis
Chrysalis Music Group is being sued by Elvis Presley Enterprises over allegations the publisher has underpaid the estate by $5m in royalties.
Co-owned by Robert FX Silverman’s CKX Inc and Lisa Marie Presley, EPE owns half of Presley’s publishing catalogue, which is managed by Chrysalis.
Presley Enterprises accuses Chrysalis of “an astonishing lack of internal controls and related failures,” and “failure to properly render payment” of “substantial sums.” It adds that Chrysalis, amongst other things, commingled funds, took more commissions that it was entitled to, miscalculated foreign currency exchange rates, claimed, without documentation, that there were overpayments and failed to properly account for revenue received.
The case continues
Source: Music Week
