U.S. entertainment tycoon Robert Sillerman and “Pop Idol” creator Simon Fuller have acquired CKX, the parent of “American Idol” production house 19 Entertainment.
The $1.3 billion deal to take Nasdaq-listed entertainment giant CKX into private hands comes just two years after the company bought Fuller’s 19 Entertainment for almost $200 million.
As well as owning 19 Entertainment, CKX has exclusive talent deals with David and Victoria Beckham and others, including singers Rachel Stevens, Will Young, Claudia Schiffer, Annie Lennox, and Emma Bunton. The company also has a controlling interest in Elvis Presley Enterprises and owns the names, images, and likenesses of Elvis Presley and Muhammad Ali. Sillerman is currently chairman and CEO of CKX and Fuller is a director and CEO of 19.
As well as seeking to take over his parent company, Fuller is also planning to bring UK comedy show “Little Britain” to U.S. TV under a development deal with HBO, and is also developing an “EastEnders”-syle blue-collar soap for Fox.