Peter Kafka

Recent Posts by Peter Kafka

Elvis, Muhammad Ali and American Idol Sold For $509 Million

CKX, the holding company that owns the production company behind “American Idol,” is being sold to private equity firm Apollo Global Management for $509 million. Besides 19 Entertainment, CKX also owns licensing rights for Elvis Presley and Muhammad Ali, as well as a majority share of Presley’s Graceland mansion. Deadline and the LAT have good background.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work