##### Table of Contents



UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
  Form 10-K/A
 Amendment No. 1
  þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended December 31, 2009ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the transition period
    from          to    Commission File
    No. 000-17436
   CKX,
    Inc.
 (Exact name of Registrant as
    specified in its charter)
   Delaware(State or other jurisdiction
    of
    incorporation or organization)

27-0118168(I.R.S. Employer
    Identification Number)   650
    Madison Avenue
    New York, New York 10022 (Address
    of Principal Executive Offices and Zip Code)
  Registrants telephone number, including area code:
    (212) 838-3100
  Securities Registered Pursuant
    to Section 12(b) of the Act:
  Title of Each Class

Name of Each Exchange on Which RegisteredCommon Stock, Par Value $0.01 Per Share

The NASDAQ Global Market LLC   Securities
    Registered Pursuant to Section 12(g) of the Act:
  None
  o þ
  o þ
  þ o
  Regulation S-T o o
  Regulation S-K Form 10-K Form 10-K. þ
  Rule 12b-2).
  Rule 12b-2
  Large accelerated filer  o

Accelerated filer  þ

Non-accelerated filer  o

Smaller reporting company o(Do not check if a smaller reporting company)   Rule 12b-2 o þ




---



##### Table of Contents



CKX,
    Inc.
  EXPLANATORY
    NOTE
  Form 10-K




---



##### 



Form 10-K/A
  TABLE OF CONTENTS
   
 
 PagePART IIItem 5.


Market for Registrants Common Equity,
    Related Stockholder Matters and Issuer Purchases of Equity
    Securities


2PART IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


4Item 11.


Executive Compensation


7Item 12.


Security Ownership of Certain Beneficial Owners
    and Management and Related Stockholder Matters


24Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


25Item 14.


Principal Accountant Fees and Services


28PART IVItem 15.


Exhibits and Financial Statement Schedules


29Signatures


30Exhibit Index


31EX-31.1EX-31.2




---



##### Table of Contents



PART II ITEM 5.
    MARKET
    FOR REGISTRANTS COMMON EQUITY, RELATED STOCKHOLDER MATTERS
    AND ISSUER PURCHASES OF EQUITY SECURITIES  Market
    Information
  ® ®
  2009High

LowThe NASDAQ Global
    Market®Quarters Ended

$
7.32


$
5.26December 31, 2009

$
7.41


$
5.87September 30, 2009

$
8.05


$
4.10June 30, 2009

$
4.82


$
3.12March 31, 2009   2008High

LowQuarters EndedDecember 31, 2008

$
5.95


$
2.49September 30, 2008

$
8.64


$
5.72June 30, 2008

$
10.57


$
8.30March 31, 2008

$
11.32


$
8.21  
   
  Dividend
    Policy
      Securities
    Authorized for Issuance Under Equity Compensation
    Plans
  Item 12. Security Ownership of Certain
    Beneficial Owners and Management and Related Stockholder
    Matters  Securities Authorized for Issuance Under
    Equity Compensation Plans.
  Item 7. Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations
 2




---



##### Table of Contents



Performance
    Graph
  5-year
  COMPARISON
    OF 5 YEAR CUMULATIVE TOTAL RETURN* Among
    CKX Inc., The S&P 500 Index
    And The S&P SuperCap Media Index
  
    *
    
    $100 invested on
    12/31/04 in
    stock or index, including reinvestment of dividends. Fiscal year
    ending December 31.
    Copyright©

    2010 S&P, a division of The McGraw -Hill Companies Inc. All
    rights reserved.  12/04


12/05


12/06


12/07


12/08


12/09CKX Inc.



100.00




144.44




130.33




133.33




42.58




61.15S&P 500



100.00




104.91




121.48




128.16




80.74




102.11S&P SuperCap Media



100.00




88.07




114.82




97.02




60.80




87.15   The stock price performance included in this graph is not
    necessarily indicative of future stock price performance.
 3




---



##### Table of Contents



PART III  ITEM 10.
    DIRECTORS,
    EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE  Executive
    Officers and Directors of CKX, Inc.
    Name

Age

PositionRobert F.X. Sillerman


62


Chief Executive Officer, Chairman of the BoardHoward J. Tytel


63


Senior Executive Vice President, Director of Legal and
    Governmental Affairs, Director, Member of the Office of the
    ChairmanThomas P. Benson


47


Executive Vice President, Chief Financial Officer, TreasurerRobert Dodds


53


Chief Executive Officer, 19 Entertainment LimitedEdwin M. Banks


47


DirectorEdward Bleier


80


DirectorBryan Bloom


51


DirectorJerry L. Cohen


76


DirectorCarl D. Harnick


75


DirectorJack Langer


61


DirectorPriscilla Presley


64


Director  
  Robert F.X. Sillerman
 
  Howard J. Tytel
  Thomas P. Benson
 
  Robert Dodds
 
  Edwin M. Banks
  Edward Bleier video-on-demand.
 4




---



##### Table of Contents



Bryan Bloom
  Jerry L. Cohen
  Carl D. Harnick
  Jack Langer
  Priscilla Presley Metro-Goldwyn-Mayer
        Series C
    Director
    Section 16(a)
    Beneficial Ownership Reporting Compliance
   5




---



##### Table of Contents



Code of
    Business Conduct and Ethics
  Form 8-K, www.ckx.com
  Corporate
    Governance Guidelines
  ® www.ckx.com
  Board
    Committees
    Number ofCommittee

Members

MeetingsAudit Committee*

Carl D. Harnick (Chairman)
    Jack Langer
    Jerry L. Cohen
    Edwin M. Banks


4Compensation Committee**

Bryan Bloom (Chairman)
    Edward Bleier
    Edwin M. Banks


12Nominating and Corporate Governance Committee

Jack Langer (Chairman)
    Edward Bleier
    Jerry L. Cohen


5     *
    
    John D. Miller served as a member of the Audit Committee until
    his resignation from the board on January 12, 2009. The
    resulting vacancy on the Audit Committee was filled by Jerry L.
    Cohen. On January 20, 2010, the Board appointed
    Mr. Banks as to serve as a fourth member of the Audit
    Committee.**
    
    John D. Miller served as Chairman of the Compensation Committee
    until his resignation from the board on January 12, 2009.
    Edwin M. Banks filled the resulting vacancy. On January 20,
    2010, the Board substituted Bryan Bloom for Jack Langer as a
    member of the Compensation Committee. At such time,
    Mr. Bloom replaced Mr. Banks as Chairman of the
    Compensation Committee.  Audit
    Committee
    ® ® www.ckx.com
 6




---



##### Table of Contents



ITEM 11.
    EXECUTIVE
    COMPENSATION  Compensation
    Discussion and Analysis
  Compensation
    Committee
 
  ®
 
 
   
  Overview
    of Compensation Program
      
    Ensure that the interests of the Companys executives are
    aligned with those of its stockholders;
    Offer a total compensation program that is competitive with the
    compensation offered by the companies with which the Company
    competes for executive talent;
    Provide incentive to achieve financial goals and objectives,
    both in terms of financial performance and stockholder
    value; and
    Provide opportunity for reward that fosters executive retention.  Components
    of Compensation for Named Executive Officers
 
   
 7




---



##### Table of Contents



Base
    Salary
    Annual
    Incentives
   
   
  
 Formulaic



Percentage ofWeighting



Budget TargetBudget Target

(%)

Results(1)

(%)($ millions)



($ millions)CKX


103.3



60



91.8



88.919 Entertainment


85.0



20



71.3



83.8Elvis Presley Enterprises


17.4



15



18.9



108.9Muhammad Ali Enterprises


.966



5



1.2



119.8  
   
  (1)
    The actual OIBDAN achieved by each
    business unit under the plan does not reflect OIBDAN as reported
    by the Company and its subsidiaries as part of the year-end
    results due to the inclusion of certain one time adjustments
    that the Compensation Committee determined necessary and
    appropriate to determining the performance of each unit under
    the plan. 
 
   
 8




---



##### Table of Contents



Amount Earned

Amount Earned

Amount Earned

Amount Earned

Total Formulaic

Total BonusAttributable

Attributable to 19

Attributable

Attributable

Bonus Earned

PaidExecutive Officer

Target Amount

to CKX

Entertainment

to EPE

to MAE

under Plan

for 2009Robert F.X. Sillerman


1,600,000



0



0



346,800



159,200



506,000



506,000Thomas P. Benson


325,000



0



0



70,444



32,337



102,781



300,000Simon R. Fuller


£1,500,000



0



0



£325,125



£149,250



£474,375



£750,000Mitchell J. Slater


325,000



0



0



70,444



32,337



102,781



51,390Howard J. Tytel


325,000



0



0



70,444



32,337



102,781



102,781  
 
   
  2010
    Incentive Plan
 
   
 
   
 
   
 
   
 9




---



##### Table of Contents



Long-Term
    Incentives
   
   
 
  Form 10-K
 
 
  American Idol
 
   10




---



##### Table of Contents



Perquisites
    
    The Company provided a $24,000 car allowance to each of
    Messrs. Sillerman, Slater, Tytel and Benson and a $21,597
    car allowance to Mr. Fuller. The Company provided a $4,930
    car insurance allowance to Mr. Dodds.
    The Company paid health and insurance premiums for each of
    Messrs. Sillerman, Slater, Tytel and Benson in the amount
    of $23,746 and for Mr. Dodds in the amount of $6,663.
    The Company contributed $1,878 to a personal pension scheme
    maintained in the United Kingdom by Mr. Fuller on his
    behalf.
    Certain employees of the Company are permitted to provide
    services to Mr. Sillerman
    and/or
    entities he controls, provided that the Company is reimbursed
    for the fair value of such services, as determined by the
    Compensation Committee. The Compensation Committee determined
    the value of the services provided in 2009 by employees of the
    Company to Mr. Sillerman
    and/or
    entities he controls was $173,867. Mr. Sillermans
    salary for the year ended December 31, 2009 was reduced by
    such amount to compensate the Company for such services.  401(k)
    Plan
    Employment
    Agreements
  Robert
    F.X. Sillerman
   
   
  Change-in-Control.
 
   
 11




---



##### Table of Contents



Form 8-K.
  Thomas
    P. Benson
 
   
   
  Change-in-Control.
 
    Form 8-K.
  Howard
    J. Tytel
 
   
 
   
 
  Change-in-Control.
 
 12




---



##### Table of Contents



Form 8-K.
  Mitchell
    J. Slater
   
   
 
   
  Form 8-K.
  Simon
    R. Fuller
 
  Form 10-QSB
 
    American
    Idol So You Think You Can Dance If I Can
    Dream
 13




---



##### Table of Contents



Form 8-K.
 
  Robert
    Dodds
   
  Form 8-K.
 
  Components
    of Compensation for Divisional Management
  and/or
 
  and/or
 
    Internal
    Revenue Code Section 162(m)
 
   
 14




---



##### Table of Contents



Compensation
    Committee Report
  Regulation S-K Form 10-K
  Form 10-K
  Members of the Compensation Committee
      2009
    Summary Compensation Table
    Change inPensionValue andNonqualifiedDeferredStock

Option

CompensationFiscal

Salary

Bonus

Awards

Awards

Earnings

All OtherName and Principal Position

Year

($)

($)

($)

($)

($)

Compensation

TotalRobert F.X. Sillerman


2009
(1)

$
626,324


$
506,000
(1)





$
497,500
(2)





$
231,413
(3)

$
1,861,237Chairman and Chief


2008
(4)

$
595,050


$
1,150,000
(3)













$
216,692
(5)

$
1,961,742Executive Officer


2007
(6)

$
588,505


















$
184,725
(7)

$
773,230Thomas P. Benson


2009


$
544,807


$
300,000






$
199,000
(8)





$
57,546
(9)

$
1,101,353Chief Financial Officer


2008


$
519,078


$
225,000














$
56,986
(10)

$
801,0642007


$
496,125


$
225,000














$
56,605
(11)

$
777,730Simon Fuller


2009
(12)

$
828,198


$
1,173,750






$
497,500
(13)





$
21,597
(14)

$
2,521,045Chief Executive Officer of


2008
(12)

$
1,038,757


$
1,488,910


$
1,700,000
(15)









$
25,601
(16)

$
4,253,26819 Entertainment Limited (25)


2007
(12)

$
989,352


















$
29,445
(17)

$
1,018,797Mitchell J. Slater


2009


$
786,944


$
51,391






$
199,000
(18)





$
57,546
(9)

$
1,094,881Chief Operating Officer


2008


$
749,684


$
275,000














$
56,986
(10)

$
1,081,6702007


$
716,625


$
275,000














$
56,605
(11)

$
1,048,230Howard J. Tytel


2009


$
786,944


$
102,781






$
199,000
(19)





$
57,546
(9)

$
1,146,271Senior Executive Vice


2008


$
749,684


$
275,000














$
56,986
(10)

$
1,081,670President, Director of Legal and


2007


$
716,625


$
275,000














$
56,605
(11)

$
1,048,230Governmental AffairsRobert Dodds


2009
(12)

$
626,000


$
469,500






$
248,750
(20)





$
11,593
(21)

$
1,355,843President of


2008
(12)

$
742,200


$
185,600






$
17,700
(22)





$
12,138
(23)

$
957,63819 Entertainment Limited (25)


2007
(12)

$
785,200


$
196,300














$
8,001
(24)

$
989,501     (1)
    
    The amount of $208,130 was withheld from
    Mr. Sillermans annual salary during 2009 in
    anticipation of compensating the Company for services performed
    by Company employees for Mr. Sillerman or entities he
    controls. The Compensation Committee determined that employees
    of the Company provided services for Mr. Sillerman in 2009
    valued at $173,867. This amount has been included under the
    column All Other Compensation. In March 4,
    2010, the Company paid Mr. Sillerman the amount of $34,263,
    representing the difference between the amount withheld and the
    value of the services provided to Mr. Sillerman during
    2009. Although this amount was paid in 2010, it is included
    under Salary above since it relates to
    Mr. Sillermans compensation for the fiscal year ended
    December 31, 2009. Similarly, although
    Mr. Sillermans bonus amount of $506,000 was paid in
    2010, it is included under Bonus above since it
    relates to Mr. Sillermans compensation for the fiscal
    year ended December 31, 2009. 15




---



##### Table of Contents



(2)
    
    Represents the weighted average fair value on the grant date of
    options to acquire 250,000 shares of the Companys
    Common Stock granted to Mr. Sillerman on March 13,
    2009. For the assumptions made in such valuation, see
    note 12 to the Companys Consolidated Financial
    Statements contained in the Original Report.(3)
    
    Includes: (a) $24,000 car allowance; (b) $23,746 of
    health and dental insurance premiums paid by the Company on
    behalf of Mr. Sillerman; (c) $9,800 of matching
    contributions made by the Company to Mr. Sillermans
    account under the Companys 401(k) Plan; and
    (d) $173,867 for services provided by Company employees for
    Mr. Sillerman and/or entities he controls.(4)
    
    The amount of $172,954 was withheld from
    Mr. Sillermans annual salary during 2008 in
    anticipation of compensating the Company for services performed
    by Company employees for Mr. Sillerman or entities he
    controls. The Compensation Committee determined that employees
    of the Company provided services for Mr. Sillerman in 2008
    valued at $159,706. This amount has been included under the
    column All Other Compensation. In March 2009, the
    Company paid Mr. Sillerman the amount of $13,248,
    representing the difference between the amount withheld and the
    value of the services provided to Mr. Sillerman during
    2008. Although this amount was paid in 2009, it is included
    under Salary above since it relates to
    Mr. Sillermans compensation for the fiscal year ended
    December 31, 2008. Similarly, although
    Mr. Sillermans bonus amount of $1,150,000 was paid in
    2009, it is included under Bonus above since it
    relates to Mr. Sillermans compensation for the fiscal
    year ended December 31, 2008.(5)
    
    Includes: (a) $24,000 car allowance; (b) $23,786 of
    health and dental insurance premiums paid by the Company on
    behalf of Mr. Sillerman; (c) $9,200 of matching
    contributions made by the Company to Mr. Sillermans
    account under the Companys 401(k) Plan; and
    (d) $159,706 for services provided by Company employees for
    Mr. Sillerman and/or entities he controls.(6)
    
    The amount of $164,778 was withheld from
    Mr. Sillermans annual salary during 2007 in
    anticipation of compensating the Company for services performed
    by Company employees for Mr. Sillerman or entities he
    controls. The Compensation Committee determined that employees
    of the Company provided services for Mr. Sillerman in 2007
    valued at $128,120. This amount has been included under the
    column All Other Compensation. In February 2007, the
    Company paid Mr. Sillerman the amount of $36,658,
    representing the difference between the amount withheld and the
    value of the services provided to Mr. Sillerman during
    2007. Although this amount was paid in 2008, it is included
    under Salary above since it relates to
    Mr. Sillermans compensation for the fiscal year ended
    December 31, 2007.(7)
    
    Includes: (a) $24,000 car allowance; (b) $23,605 of
    health and dental insurance premiums paid by the Company on
    behalf of Mr. Sillerman; (c) $9,000 of matching
    contributions made by the Company to Mr. Sillermans
    account under the Companys 401(k) Plan; and
    (d) $128,120 for services provided by Company employees for
    Mr. Sillerman and/or entities he controls.(8)
    
    Represents the weighted average fair value on the grant date of
    options to acquire 100,000 shares of the Companys
    Common Stock granted to Mr. Benson on March 13, 2009.
    For the assumptions made in such valuation, see note 12 to
    the Companys Consolidated Financial Statements contained
    in the Original Report.(9)
    
    Includes: (a) $24,000 car allowance; (b) $23,746 of
    health and dental insurance premiums paid by the Company on
    behalf of the named executive officer; and (c) $9,800 of
    matching contributions made by the Company to the named
    executive officers account under the Companys 401(k)
    Plan.(10)
    
    Includes: (a) $24,000 car allowance; (b) $23,786 of
    health and dental insurance premiums paid by the Company on
    behalf of the named executive officer; and (c) $9,200 of
    matching contributions made by the Company to the named
    executive officers account under the Companys 401(k)
    Plan.(11)
    
    Includes: (a) $24,000 car allowance; (b) $23,605 of
    health and dental insurance premiums paid by the Company on
    behalf of the named executive officer; and (c) $9,000 of
    matching contributions made by the Company to the named
    executive officers account under the Companys 401(k)
    Plan.(12)
    
    These executives are paid in U.K. pounds sterling. The average
    exchange rates applied in 2007, 2008 and 2009 were $1.963,
    $1.85518 and $1.565, respectively, per U.K. pound sterling

(13)
    
    Represents the weighted average fair value on the grant date of
    options to acquire 250,000 shares of the Companys
    Common Stock granted to Mr. Fuller on March 13, 2009.
    For the assumptions made in such valuation, see note 12 to
    the Companys Consolidated Financial Statements contained
    in the Original Report.(14)
    
    Includes a $21,597 car allowance.(15)
    
    Represents the fair value on the grant date of
    200,000 shares of restricted stock granted to
    Mr. Fuller in 2008.(16)
    
    Includes a $25,601 car allowance.(17)
    
    Includes a $27,089 car allowance.(18)
    
    Represents the weighted average fair value on the grant date of
    options to acquire 100,000 shares of the Companys
    Common Stock granted to Mr. Slater on March 13, 2009.
    For the assumptions made in such valuation, see note 12 to
    the Companys Consolidated Financial Statements contained
    in the Original Report. 16




---



##### Table of Contents



(19)
    
    Represents the weighted average fair value on the grant date of
    options to acquire 100,000 shares of the Companys
    Common Stock granted to Mr. Tytel on March 13, 2009.
    For the assumptions made in such valuation, see note 12 to
    the Companys Consolidated Financial Statements contained
    in the Original Report.(20)
    
    Represents the weighted average fair value on the grant date of
    options to acquire 125,000 shares of the Companys
    Common Stock granted to Mr. Dodds on March 13, 2009.
    For the assumptions made in such valuation, see note 12 to
    the Companys Consolidated Financial Statements contained
    in the Original Report.(21)
    
    Includes: (a) $4,930 car insurance and (b) $6,663 of
    health insurance premiums paid by the Company on behalf of
    Mr. Dodds.(22)
    
    Represents the weighted average fair value on the grant date of
    options to acquire 5,000 shares of the Companys
    Common Stock granted to Mr. Dodds on March 6, 2008.
    For the assumptions made in such valuation, see note 11 to
    the Companys Consolidated Financial Statements contained
    in the Companys Annual Report on
    Form 10-K
    for the fiscal year ended December 31, 2008.(23)
    
    Includes: (a) $4,969 car insurance and (b) $7,169 of
    health insurance premiums paid by the Company on behalf of
    Mr. Dodds.(24)
    
    Includes: (a) $3,504 car insurance and (b) $4,497 of
    health insurance premiums paid by the Company on behalf of
    Mr. Dodds.(25)
    
    Mr. Fuller resigned as Chief Executive Officer of 19
    Entertainment Limited on January 13, 2010. Mr. Dodds,
    who previously served as President of 19 Entertainment Limited
    since August 2006, was appointed to the position of Chief
    Executive Officer of 19 Entertainment Limited on
    January 29, 2010.  Compensation
    Committee Interlocks and Insider Participation in Compensation
    Decisions
    Grants of
    Plan-Based Awards in Fiscal Year 2009
    AllOther

All Other



GrantStock

Option



DateAwards:

Awards:

Exercise

FairEstimated Future Payouts

Estimated Future Payouts

Number of

Number of

or Base

Value ofUnder Non-Equity Incentive

Under Equity Incentive

Shares

Securities

Price of

StockPlan Awards

Plan Awards

of Stock

Underlying

Option

andGrant

Threshold

Target

Maximum

Threshold

Target

Maximum

or Units

Options

Awards

OptionName

Date

($)

($)

($)

($)

($)

($)

(#))

(#)

($/Sh)

AwardsRobert F.X. Sillerman


3/13/2009































250,000


$
4.19


$
497,500
(1)Thomas P. Benson


3/13/2009































100,000


$
4.19


$
199,000
(1)Simon Fuller


3/13/2009































250,000


$
4.19


$
497,500
(1)Mitchell J. Slater


3/13/2009































100,000


$
4.19


$
199,000
(1)Howard J. Tytel


3/13/2009































100,000


$
4.19


$
199,000
(1)Robert Dodds


3/13/2009































125,000


$
4.19


$
248,750
(1)     (1)
    
    The present value of each option is $1.99, the estimated fair
    value calculated using the Black-Scholes pricing model at the
    date of the option grant. 17




---



##### Table of Contents



Outstanding
    Equity Awards at December 31, 2009
  
 Option Awards (1)

Stock AwardsEquityEquity

IncentiveIncentive

PlanPlan

Awards:Awards:

Market orNumber

PayoutEquity







Market

of

Value ofIncentive





Number

Value

Unearned

UnearnedPlan





of

of

Shares,

Shares,Awards:





Shares

Shares

Units or

Units orNumber of

Number of

Number of





or Units

or Units

Other

OtherSecurities

Securities

Securities





of Stock

of Stock

Rights

RightsUnderlying

Underlying

Underlying





That

That

That

ThatUnexercised

Unexercised

Unexercised

Option



Have

Have

Have

HaveOptions

Options

Unearned

Exercise

Option

Not

Not

Not

Not(#)

(#)

Options

Price

Expiration

Vested

Vested

Vested

VestedName

Exercisable

Unexercisable

($)

($)

Date

(#)

(#)

(#)

($)Robert F.X. Sillerman






250,000






$
4.19



3/13/2019















Thomas P. Benson






100,000






$
4.19



3/13/2019















Simon Fuller


60,000



40,000
(2)(3)





$
12.20



7/19/2015



250,000
(3)





$
4.19



3/13/2019















Mitchell J. Slater






100,000
(4)





$
4.19



3/13/2019















Howard J. Tytel






100,000






$
4.19



3/13/2019















Robert Dodds


1,000



4,000
(5)





$
8.51



3/06/2018



















125,000






$
4.19



3/13/2019  
    (1)
    
    This chart reflects outstanding grants as of December 31,
    2009. As a result, it does not include options issued to the
    named executive officers in March 2010, including 350,000 for
    Mr. Sillerman, 125,000 for Mr. Benson and 125,000 for
    Mr. Tytel.(2)
    
    30,000 of Mr. Fullers options vested on July 19,
    2008 and 30,000 vested on July 19, 2009; 40,000 would have
    vested on July 19, 2010.(3)
    
    This chart reflects outstanding grants as of December 31,
    2009. In connection with Mr. Fullers resignation as
    President of 19 Entertainment Limited on January 13, 2010,
    the vesting of all of Mr. Fullers stock options was
    accelerated as of such date and the respective expiration dates
    remained the tenth anniversary of the applicable date of grant. 
  (4)
    
    This chart reflects outstanding grants as of December 31,
    2009. In connection with Mr. Slaters resignation as
    Chief Operating Officer on February 6, 2010, the vesting of
    all of Mr. Slaters stock options was accelerated as
    of such date and the expiration date remained the tenth
    anniversary of the date of grant. 
  (5)
    
    Because this chart reflects outstanding grants as of
    December 31, 2009, 1,000 of Mr. Dodds options
    that vested on March 6, 2010 are reflected as unvested in
    the chart above. The remaining 3,000 options vest 1,000 on
    March 6, 2011, 1,000 on March 6, 2012 and 1,000 on
    March 6, 2013.  2009
    Fiscal Year Option Exercises and Stock Vested
  
 Option Awards

Stock AwardsNumber of Shares

Value

Number of Shares

ValueAcquired on

Realized on

Acquired on

Realized onExercise

Exercise

Vesting

VestingName

(#)

($)

(#)

($)Robert F.X. Sillerman














Thomas P. Benson














Simon Fuller










200,000
(1)

$
1,700,000Mitchell J. Slater














Howard J. Tytel














Robert Dodds














  
    (1)
    
    The shares, which were granted to Mr. Fuller on
    April 15, 2008, vested in March 2009 upon the Compensation
    Committees determination that 19 Entertainment had
    exceeded a pre-established financial performance target for 2008. 18




---



##### Table of Contents



Pension
    Benefits
    Nonqualified
    Deferred Compensation
    Potential
    Payments upon Termination without Cause or
    Change-in-Control
 
   
 
   
 
   
   19




---



##### Table of Contents



Health/InsuranceName

Salary

Bonus

Benefits

TotalRobert F.X. Sillerman

$
2,246,301


$
371,200
(1)

$
25,768


$
2,643,269Thomas P. Benson

$
1,641,921


$
190,000
(1)

$
1,982


$
1,833,903Simon Fuller (2)

$
1,018,273


$







$
1,018,273Mitchell J. Slater

$
2,368,332


$
160,278
(1)

$
1,982


$
2,530,592Howard J. Tytel

$
2,351,832


$
170,556
(1)

$
1,982


$
2,524,370Robert Dodds (2)

$
1,061,032


$







$
1,061,032    
  (1)
    
    The bonus amount reflects the partial year remaining on the
    contracts of Messrs. Benson, Slater and Tytel and the
    approximately one year remaining on Mr. Sillermans
    contract. In calculating the bonuses, the actual bonuses for
    Messrs. Slater, Tytel and Benson for the years 2007, 2008
    and 2009 were used. No bonus was paid to these executives for
    2005 or 2006, so the minimum $100,000 bonus was used in the
    calculation for those years. The bonus amount for
    Mr. Sillerman was calculated using a $506,000 bonus for
    2009 and a $1.15 million bonus for 2008, while the minimum
    $100,000 bonus was used in calculation for 2005, 2006, and 2007,
    as no bonus was paid for those years. 
  (2)
    
    The severance for Messrs. Fuller and Dodds would be paid in
    U.K. pounds sterling. The exchange rate on December 31,
    2009 was $1.59257 per U.K. pound sterling. This amount is an
    estimate of the amount that may have been due to
    Messrs. Fuller and Dodds as severance under UK law.
    Messrs. Fuller and Dodds would have a duty to mitigate by
    obtaining substitute employment and the amount of the severance
    payment that the Company would be obligated to pay to
    Messrs. Fuller or Dodds as a result of a termination
    without cause would be reduced by the amount, if any, received
    by Messrs. Fuller or Dodds from alternate employment
    sources.  tax-gross
 20




---



##### Table of Contents



Total



Total(Before Tax

Amount of

(After TaxGross-Up

Gross-Up

Gross-UpName

Payment)

Payment

Payment)Robert F.X. Sillerman

$
2,971,301


$
1,357,063


$
4,328,364Thomas P. Benson

$
1,804,421


$
705,098


$
2,509,519Mitchell J. Slater

$
2,555,832


$
999,957


$
3,555,789Howard J. Tytel

$
2,539,332


$
993,759


$
3,533,091     gross-up
      Potential
    Payments upon Death or Disability
   21




---



##### Table of Contents



6-month
  6-month
      Compensation
    of Non-Employee Directors
   
   
 22




---



##### Table of Contents



Fees Earned or

StockPaid in Cash

Awards

TotalName

($)

($)(2)

($)Edwin M. Banks

$
74,000


$
41,250


$
115,250Edward Bleier

$
69,500


$
41,250


$
110,750Jerry L. Cohen (3)

$
5,000


$
106,250


$
111,250Carl D. Harnick

$
102,000


$
68,650
(4)

$
170,650Jack Langer

$
87,250


$
96,050
(5)

$
183,300John D. Miller (6)

$
26,500


$
10,000


$
36,500Bruce Morrow (7)

$
9,587


$
8,602


$
18,189     (1)
    
    Represents compensation actually paid during the year ended
    December 31, 2009, which includes compensation for the
    fourth quarter of 2008 and the first three quarters of 2009.(2)
    
    All stock awards are made in shares of Common Stock and are
    granted under the Companys 2005 Omnibus Long-Term
    Incentive Compensation Plan. In 2009, Mr. Cohen received
    21,043 shares, each of Messrs. Banks, Bleier, Harnick
    and Langer, received 8,241 shares, Mr. Miller received
    2,725 shares and Mr. Morrow received 2,344 shares.(3)
    
    Mr. Cohen elected to receive all his director compensation
    in shares of Common Stock.(4)
    
    Includes 2,500 shares of Common Stock that ceased to be
    subject to forfeiture on January 7, 2009 and
    2,500 shares of Common Stock that vested on June 27,
    2009. All 5,000 of such shares of restricted Common Stock were
    granted in June 2005 in consideration for services provided in
    connection with the completion of the Companys June 2005
    public offering that went beyond the normal requirements of
    serving as a director or on a committee of the board of
    directors, as well as for Mr. Harnicks commitment to
    continue to serve as chairman of the Audit Committee for a
    period of five years.(5)
    
    Includes 5,000 shares of Common Stock that ceased to be
    subject to forfeiture on January 7, 2009 and
    5,000 shares of Common Stock that vested on June 27,
    2009. All 10,000 of such shares of restricted Common Stock were
    granted in June 2005 in consideration for services provided in
    connection with the completion of the Companys June 2005
    public offering that went beyond the normal requirements of
    serving as a director or on a committee of the board of
    directors, as well as for Mr. Langers commitment to
    continue to serve as a financial expert on the board of
    directors as well as Chairman of the Nominating and Corporate
    Governance Committee for a period of five years(6)
    
    Mr. Miller resigned as a member of the board of directors
    on January 12, 2009. The compensation reported in this
    table reflects the fees received for his service during the
    fourth quarter of 2008 which was paid to Mr. Miller during
    the first quarter of 2009. Mr. Miller did not receive any
    compensation for the period in January 2009 before his
    resignation. 23




---



##### Table of Contents



(7)
    
    Mr. Morrow did not stand for re-election as a member of the
    board of directors at the Companys annual stockholders
    meeting on December 18, 2008. The compensation reported in
    this table reflects a pro rata fee for his service during the
    fourth quarter of 2008 prior to December 18, 2008 which was
    paid to Mr. Morrow during the first quarter of 2009.  ITEM 12.
    SECURITY
    OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND
    RELATED STOCKHOLDER MATTERS  Securities
    Authorized for Issuance under Equity Compensation
    Plans
  Executive
    Compensation and Related Matters  Components of
    Compensation for Named Executive Officers
  (a)Number of

(b)Securities to be

Weighted-Average

(c)Issued Upon

Exercise Price of

Number ofExercise of

Outstanding

SecuritiesOutstanding

Options,

RemainingOptions, Warrants

Warrants and

Available forPlan Category

and Rights

Rights

Future Issuance(#)

($)

(#)Equity compensation plans approved by security holders


2,072,250


$
6.52



1,390,485Equity compensation plans not approved by security holders










   Security
    Ownership of Certain Beneficial Owners and Management
      c/o CKX,
  SharesBeneficially

Percentage ofName and Address of Beneficial Owner

Owned

Common StockBeneficial Owners of 5% or MoreThe Huff Alternative Fund, L.P.


13,946,612
(1)


15.0
%BlackRock, Inc.


11,924,607



12.8
%Capital Research Global Investors


7,850,000
(2)


8.4
%Directors and Executive Officers:Robert F.X. Sillerman


19,233,311
(3)


20.7
%Howard J. Tytel


2,684,494
(4)


2.9
%Thomas P. Benson


1,390,780
(5)


1.5
%Edwin M. Banks


19,722
(6)


*Edward Bleier


31,395
(7)


*Bryan Bloom


1,736
(8)


*Jerry L. Cohen


61,903
(9)


*Carl D. Harnick


54,395
(10)


*Jack Langer


79,395
(11)


*Priscilla Presley


6,000



*All directors and executive officers as a group (10 individuals)


23,563,131



25.3
%     *
    
    Represents less than 1%. 24




---



##### Table of Contents



(1)
    
    Includes shares of common stock owned of record by an affiliated
    limited partnership of The Huff Alternative Fund, L.P. William
    R. Huff possesses the sole power to vote and dispose of all
    securities of CKX held by these two Huff entities, subject to
    certain internal compliance procedures.(2)
    
    Consists of common stock owned of record by SMALLCAP World Fund,
    Inc. (6,250,000 shares) and American Funds Insurance
    Series, Global Small Capitalization Fund
    (1,600,000 shares). Capital Research and Management Company
    (CRMC), an investment adviser registered under the Investment
    Advisers Act of 1940, is the investment adviser to these two
    funds. Capital Research Global Investors, a division of CRMC, is
    deemed to be the beneficial owner of shares held by these funds
    for ownership reporting purposes under Section 13 of the
    Securities Exchange Act of 1934, as amended, and the rules and
    regulations thereunder.(3)
    
    Includes (i) 15,626,919 shares of Common Stock owned
    of record by Mr. Sillerman which shares have been pledged,
    together with certain other collateral, to secure a personal
    loan extended by Deutsche Bank Trust Company Americas to
    Mr. Sillerman, (ii) 1,000,000 shares of Common
    Stock owned of record by Laura Sillerman,
    (iii) 2,556,392 shares of Common Stock owned of record
    by Sillerman Capital Holdings, L.P., a limited partnership
    controlled by Mr. Sillerman through a trust for the benefit
    of Mr. Sillermans descendants and
    (iv) 50,000 shares of common stock underlying
    presently exercisable stock options owned by Mr. Sillerman. 
  (4)
    
    Includes: (i) 2,126,232 shares of common stock owned
    of record by Mr. Tytel and Sandra Tytel,
    Mr. Tytels spouse, as tenants in common with rights
    of survivorship, (ii) 419,262 shares of common stock
    owned by the Sandra Tytel 1998 Trust for the benefit of Jennifer
    Tytel, (iii) 120,000 shares of Common stock owned by
    the Tytel Family Foundation and (iv) 20,000 shares of
    common stock underlying presently exercisable stock options
    owned by Mr. Tytel. 
  (5)
    
    Includes: (i) 1,370,780 shares of common stock owned
    of record by Mr. Benson and (ii) 20,000 shares of
    common stock underlying presently exercisable stock options
    owned by Mr. Benson.(6)
    
    Issued pursuant to our 2005 Omnibus Long-Term Incentive
    Compensation Plan.(7)
    
    Includes 29,395 shares of restricted common stock issued
    pursuant to our 2005 Omnibus Long-Term Incentive Compensation
    Plan and 2,000 shares of common stock purchased on the open
    market.(8)
    
    Issued pursuant to our 2005 Omnibus Long-Term Incentive
    Compensation Plan.(9)
    
    Issued pursuant to our 2005 Omnibus Long-Term Incentive
    Compensation Plan. Mr. Cohen has elected to receive all of
    his director compensation in shares of common stock.(10)
    
    Includes: (i) 29,395 shares of restricted common stock
    issued pursuant to our 2005 Omnibus Long-Term Incentive
    Compensation Plan; and (ii) 25,000 shares of
    restricted common stock granted in June 2005 in consideration
    for services provided in connection with the completion of our
    June 2005 public offering that went beyond the normal
    requirements of serving as a director or on a committee of the
    board of directors, as well as for Mr. Harnicks
    commitment to continue to serve as chairman of the Audit
    Committee for a period of five years. One half of the shares
    received by Mr. Harnick are subject to restrictions which
    lapse ratably over five years, beginning on the first
    anniversary of the date of the grant, and the remaining shares
    were subject to forfeiture, on a pro rata basis, in the event
    Mr. Harnick voluntarily resigned his position prior to the
    expiration of the five-year term. Of the 25,000 shares
    granted in June 2005, 2,500 remain subject to restrictions.(11)
    
    Includes: (i) 29,395 shares of restricted common stock
    issued pursuant to our 2005 Omnibus Long-Term Incentive
    Compensation Plan; and (ii) 50,000 shares of
    restricted common stock granted in June 2005 in consideration
    for services provided in connection with the completion of the
    our public offering that went beyond the normal requirements of
    serving as a director or on a committee of the board of
    directors, as well as for Mr. Langers commitment to
    continue to serve as a financial expert on the board of
    directors and chairman of the Nominating and Corporate
    Governance Committee for a period of five years. One half of the
    shares received by Mr. Langer are subject to restrictions
    which lapse ratably over five years, beginning on the first
    anniversary of the date of the grant, and the remaining shares
    were subject to forfeiture, on a pro rata basis, in the event
    Mr. Langer voluntarily resigned his position prior to the
    expiration of the five-year term. Of the 50,000 shares
    granted in June 2005, 7,500 remain subject to restrictions.  ITEM 13.
    CERTAIN
    RELATIONSHIPS, RELATED TRANSACTIONS, AND DIRECTOR
    INDEPENDENCE  Certain
    Relationships and Related Transactions
  and/or and/or
 25




---



##### Table of Contents



and/or
 
   
  Loan to
    Promenade Trust
    Loan
    Prepayment
    650
    Madison Avenue
      Technology
    Company Investment
   26




---



##### Table of Contents



Vendor
    Loan
    Transaction
    with Simon Fuller
  American Idol So You Think You Can
    Dance If I Can Dream American Idol So You Think You Can Dance
        IDOLS So You Think You Can
    Dance If I Can
    Dream
 27




---



##### Table of Contents



Director
    Independence
  ®
  ITEM 14.
    PRINCIPAL
    ACCOUNTANT FEES AND SERVICES  Services
    Provided by the Independent Registered Public Accounting Firm
    and Fees Paid
    2009


2008Audit Fees (1)

$
2,745,397


$
2,778,652Audit-Related Fees






Tax Fees (2)


148,441



81,855All Other Fees






Total

$
2,893,837


$
2,860,507     (1)
    
    Audit fees in 2008 include $82,000 related to
    acquisition-related services and the Companys proposed
    terminated merger transaction.(2)
    
    Tax fees related to tax compliance, advice and planning.  Audit
    Committee Pre-Approval of Services Provided by the Independent
    Registered Public Accounting Firm
   28




---



##### Table of Contents



PART IV  ITEM 15.
    EXHIBITS,
    FINANCIAL STATEMENTS AND SCHEDULES    (1) Financial Statements:
    (2) Financial Statement Schedule:
        (3)
    Exhibits    ExhibitNumber

Description31
.1

Certification of Principal Executive Officer31
.2

Certification of Principal Financial Officer  29




---



##### Table of Contents



SIGNATURES    CKX,
    Inc.
  By:

/s/  ROBERT
    F.X. SILLERMANRobert
    F.X. Sillerman
    Chief Executive Officer and Chairman of the Board

April 30, 2010By:

/s/  THOMAS
    P. BENSONThomas
    P. Benson
    Chief Financial Officer, Executive Vice President and
    Treasurer

April 30, 2010  30




---



##### Table of Contents



INDEX TO
    EXHIBITS    ExhibitNumber

Description31
.1

Certification of Principal Executive Officer31
.2

Certification of Principal Financial Officer  31