Thursday, January 12, 2023

Lisa Marie Presley, Singer-Songwriter and Elvis' Only Child, Dead at 54


Lisa Marie Presley, a singer-songwriter who was the only child of Elvis, the man many people regard as the king of rock n’ roll and who was married briefly to the King of Pop, Michael Jackson, has died at the age of 54.

She passed away Thursday after being rushed to the hospital earlier in the day for treatment after going into cardiac arrest at her Calabasas, California, home.

“It is with a heavy heart that I must share the devastating news that my beautiful daughter Lisa Marie has left us,” her mother, Priscilla Presley said in a statement Thursday evening. “She was the most passionate, strong and loving woman I have ever known.”

Presley was eager to follow in her footsteps earlier in her career, releasing three albums. Her debut effort in 2003, "Whom It May Concern," reached No. 5 on the Billboard 200 albums chart and was certified gold. Her second release "Now What" peaked at No. 9 on the Billboard 200 albums chart in 2005.

While critics heaped some praise on her songwriting ability and her voice, Presley's music career stalled after her third release "Storm & Grace" in 2012.

In addition to being the only heir of one of the most famous men in music, and retaining ownership of his legendary estate Graceland, Presley's short marriage to Jackson further cemented her standing as music royalty and sparked the curiosity of the world.
 


The duo was married from 1994 to 1996. Together they weathered child molestation accusations against Jackson, before the constant attention and Jackson's health issues led Presley to file for divorce in 1996, citing irreconcilable differences.

She later revealed in a 2010 interview with Oprah Winfrey, that she and Jackson — who died of a drug overdose in 2009 — had attempted to reconcile on and off for four years following their divorce, and that she had traveled to different parts of the world to be with him.

Presley was married three other times: musician Danny Keough (1988-1994), actor Nicolas Cage (2002-2004) and guitarist Michael Lockwood (2006-2021).

The unions produced four children: Actor Riley Keough, her brother Benjamin Keough who committed suicide in 2020 and twins Finley Lockwood and Harper Lockwood.

Dr. Dre Selling Catalog Assets to Universal Music Group and Shamrock Holdings in $200 Million-Plus Deal


After falling to No. 5 on the list of Hip-Hop's richest moguls in 2022, as curated by Forbes magazine, with a fortune estimated at $400 million, it looks like Dr. Dre has found the perfect prescription to put himself back among the genre's top earners.

The super-producer, who once wrongly proclaimed himself hip-hop's first billionaire, is close to reaching a deal to sell some of his music assets for more than $200 million. 

It's not enough to get him into the coveted three-comma club with Jay-Z ($1.5 billion), and Diddy ($1 billion) but it will provide a significant boost to his net worth, which peaked at $800 million.

According to reporting from Variety, the sales are being made to Shamrock Holdings and Universal Music Group through a pair of deals for assets making around $10 million a year. The assets being purchased include his artist royalties from N.W.A. and for two solo albums, along with producing royalties and other entities.

The master recording of Dre’s iconic debut solo album following his departure from N.W.A., 1992′s "The Chronic,” will also be acquired by UMB. The triple-platinum album was selected by the Library of Congress for preservation in the National Recording Registry in 2019 as "culturally, historically, or aesthetically significant."

Dre, 57, will reportedly maintain control of his Aftermath Entertainment record label.

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