Paul Hastings Represents CKX, Inc. in Acquisitions of Name, Image, Likeness, and Trademarks of Muhammad Ali and Elvis Presley
Firm also Represented CKX, Inc. in its Acquisition of 19 Entertainment
New York, NY (April 25, 2006) – Paul, Hastings, Janofsky & Walker LLP (Paul Hastings), a leading international law firm, represented CKX, Inc. in its acquisition of an 80% interest in the name, image and likeness of Muhammad Ali. The deal, valued at $50 million, closed on April 11, 2006.
As the three-time heavyweight champion of the world, Muhammad Ali, who retired in 1981, has been named “Athlete of the Century” by USA Today and Sports Illustrated. He has also been the recipient of countless awards for his humanitarian efforts.
In February 2005, Paul Hastings also represented CKX, Inc. when they acquired an 85% interest in the company Elvis Presley Enterprises, Inc., including its physical and intellectual properties.
Additionally, Paul Hastings represented CKX, Inc. in their acquisition of 19 Entertainment Limited, the company best known for creating the American Idol television program. The deal, which closed in March 2005, was valued at $124.4 million.
The Paul Hastings team, led by Chairman and partner Seth Zachary, also included partners Bill Schwitter and Andrew Short.
Corporate Practice: Paul Hastings’ corporate practice has more than 400 attorneys in 17 offices around the world who serve clients in globally coordinated, multidisciplinary teams. Our corporate department is the largest in the firm and continues to grow, not only in number of deals and revenue volume, but in the scope of services we offer.
About CKX, Inc.: CKX, Inc. is engaged in the ownership, development and commercial utilization of entertainment content. The Company has focused on acquiring globally recognized entertainment content and related assets, including the rights to the IDOLS television brand, including the American Idol series in the United States and local adaptations of the IDOLS television show format, which air in over 100 countries around the world.
Paul, Hastings, Janofsky & Walker LLP, founded in 1951, is a leading international law firm with 1,000 attorneys in 17 offices. The firm serves a diverse client base including many of the top financial institutions and Fortune 500 companies, supports clients in all of their legal needs and offers deep capabilities in Banking and Finance, Capital Markets, Corporate/M+A, Litigation and Dispute Resolution, Intellectual Property, Project Finance, Investment Management, Real Estate, Labor and Employment and Tax Advisory Services. For additional information, please visit our website at www.paulhastings.com.
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