CKX, Inc., Together With Elvis Presley Enterprises and American Idol, to Aid Hurricane Victims

CKX, Inc., Together With Elvis Presley Enterprises and American Idol, to Aid Hurricane Victims

CKX to Donate Net Proceeds From Graceland Operations on Saturday and Added Idol Concert in Syracuse, NY to American Red Cross

CKX to Match Donations of Employees of its Properties, Including Elvis Presley Enterprises, 19 Entertainment and MBST Entertainment

NEW YORK, Sept. 7 /PRNewswire-FirstCall/ -- Graceland and American Idol are pitching in to help victims of Hurricane Katrina, Robert F.X. Sillerman, Chairman and Chief Executive Officer of CKX, Inc. (NASDAQ:CKXE) announced today.

CKX will donate 100% of the net proceeds from Graceland, the Memphis home of the legendary Elvis Presley, collected on Saturday, Sept. 10, to aid the hurricane victims, Sillerman said. The American Idols tour will also add a show Sunday, Sept. 11th in Syracuse, N.Y. at the War Memorial in the OnCenter, with all net proceeds of that concert going to the victims as well.

In addition, Sillerman announced that CKX will match contributions made by its employees to the American Red Cross for hurricane relief. Sillerman made the first CKX donation, $100,000, and a total of more than $300,000 has already been collected.

All donations will be made to the American Red Cross.

"Our hearts and prayers go out to the victims of this tragic and horrific hurricane," Sillerman said. I am sure Elvis Presley's fans as well as our Idol audience will be pleased to see that their support of our entertainment properties will be helping their neighbors who have suffered such tremendous losses. We at CKX are proud of our employees' swift and generous response to this crisis."

CKX owns controlling interests in Elvis Presley Enterprises, which operates Graceland; 19 Entertainment, one of the producers of the American Idol television program and the IDOLS television brand, airing in more than 30 countries around the world; and Morra, Brezner, Steinberg & Tenenbaum Entertainment, Inc. a leading manager of comedic talent and producer of motion pictures and television programming.

About CKX

CKX, Inc. is engaged in the ownership, development and commercial utilization of entertainment content. To date, we have focused on acquiring globally recognized entertainment content and related assets, including the rights to the name, image and likeness of Elvis Presley, the operations of Graceland and proprietary rights to the IDOLS television brand, including the American Idol series in the United States, the Pop Idol series in the United Kingdom and local adaptations of the IDOLS television show format which, collectively, air in over 30 countries around the world. We plan to continue to make strategic acquisitions of, or partner or align with, companies or individuals that control various forms of established entertainment content, which may include intellectual property rights in music, film, television programming, written works and characters, rights to names, images and likenesses, video games, corporate brands and other related assets.

This document includes certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements are based on management's current expectations or beliefs, and are subject to uncertainty and changes in circumstances. Actual results may vary materially from those expressed or implied by the statements herein due to changes in economic, business, competitive, technological and/or regulatory factors, acquisitions of dispositions of business assets, and the potential impact of future decisions by management that may result in merger and restructuring charges, as well as the potential impact of any future impairment charges to goodwill or other intangible assets. More detailed information about these factors may be found in filings by CKX, Inc. with the Securities and Exchange Commission. CKX, Inc. is under no obligation to, and expressly disclaims any such obligation to, update or alter its forward- looking statements, whether as a result of new information, future events, or otherwise.

Source: CKX, Inc.

CONTACT: Sean Cassidy, +1-212-981-5233, or Ed Tagliaferri, +-1212-981- 5182, Robert Zimmerman, +1-212-981-5118

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