NEW YORK, Nov. 30 /PRNewswire-FirstCall/ -- CKX, Inc. , announced today that its Chairman and Chief Executive Officer, Robert F.X. Sillerman, together with other members of senior management, notified the Company of their intention to exercise outstanding warrants to acquire 3,238,824 shares of common stock for aggregate consideration of $6,477,648.
Each participating member of senior management filed a Form 4 relating to the warrant exercise with the Securities and Exchange Commission today. The forms are available on the Company's website, http://www.ckx.com/, and on the Securities and Exchange Commission's website, http://www.sec.gov/.
About CKX, Inc.
CKX, Inc., a company controlled by Robert F.X. Sillerman and affiliates, is engaged in the ownership, development and commercial utilization of entertainment content. To date, the Company has 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, the rights to the name, image and likeness of Muhammad Ali and proprietary 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, collectively, air in over 100 countries around the world. CKX plans 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. For more information about CKX, Inc., visit its corporate website at http://www.ckx.com/.
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