##### Table of Contents





UNITED STATES SECURITIES AND
    EXCHANGE COMMISSION
 Washington, D.C.
    20549
  Form 10-K
  þ

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the fiscal year ended
    December 31,
    2010ORo

TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
    SECURITIES EXCHANGE ACT OF 1934For the transition period from
    to   Commission File
    No. 001-34794
  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: None
 Securities Registered Pursuant to Section 12(g) of the
    Act:
 Common Stock, Par Value $0.01 Per Share
   o þ
  o þ
  þ o
  Regulation S-T o o
  Regulation S-K Form 10-K Form 10-K. þ
  Rule 12b-2
  Large
    accelerated
    filer o
    Accelerated
    filer þ
    Non-accelerated
    filer o
    Smaller
    reporting
    company o   Rule 12b-2 o þ




---



##### 





CKX,
    Inc.
  Annual
    Report on
    Form 10-K
 December 31,
    2010
   
 PagePART IItem 1.


Business


4Item 1A.


Risk Factors


15Item 1B.


Unresolved Staff Comments


22Item 2.


Properties


23Item 3.


Legal Proceedings


23Item 4.


(Removed and Reserved)


23PART IIItem 5.


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


24Item 6.


Selected Financial Data


27Item 7.


Managements Discussion and Analysis of
    Financial Condition and Results of Operations


29Item 7A.


Quantitative and Qualitative Disclosures About
    Market Risk


56Item 8.


Financial Statements and Supplementary Data


58Item 9.


Changes in and Disagreements with Accountants on
    Accounting and Financial Disclosure


94Item 9A.


Controls and Procedures


94Item 9B.


Other Information


95PART IIIItem 10.


Directors, Executive Officers and Corporate
    Governance


95Item 11.


Executive Compensation


95Item 12.


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


95Item 13.


Certain Relationships and Related Transactions,
    and Director Independence


95Item 14.


Principal Accounting Fees and Services


96PART IVItem 15.


Exhibits, Financial Statements and Schedule


96EX-10.39EX-10.40EX-21.1EX-23.1EX-31.1EX-31.2EX-32.1EX-32.2   2




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##### Table of Contents



FORWARD
    LOOKING STATEMENTS
   3




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##### Table of Contents



PART I  Item 1.
    Business  Form 10-K
  Overview
    
    19 Entertainment Limited (19 Entertainment), which
    owns proprietary rights to the IDOLS and So You Think
    You Can Dancetelevision brands, both of which air in the
    United States, and, together with local adaptations of the
    format, around the world;
    An 85% ownership interest in Elvis Presley Enterprises, which
    owns the rights to the name, image and likeness of Elvis
    Presley, certain music and other intellectual property created
    by or related to Elvis Presley and the operations of Graceland
    and has partnered with Cirque du Soleil for the Viva ELVISshow in Las Vegas, Nevada; and
    An 80% ownership interest in Muhammad Ali Enterprises, which
    owns the rights to the name, image and likeness of, as well as
    certain trademarks and other intellectual property related to
    Muhammad Ali.      Reorganization
  IDOLS So You Think You Can Dance IDOLS So You
    Think You Can Dance
   4




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##### Table of Contents



19
    Entertainment
  IDOLS American
    Idol So You Think You Can Dance
  IDOLS
    Brand
  IDOLS Pop Idol American Idol American Idol IDOLS IDOLS American Idol and/or
  American Idol IDOLS American Idol
  IDOLS
  
    owns two-thirds of the IDOLSbrand and co-produces the
    show in the United States with FremantleMedia, which owns the
    other one-third of the IDOLSbrand;
    receives certain fees and revenue relating to the sublicensing
    of the brand and production and marketing of the shows based on
    the IDOLSbrand around the world, including licensing and
    producer fees;
    shares a percentage of the revenue FremantleMedia derives from
    on-air and off-air sponsorships and sales of IDOLSbranded merchandise;
    has the exclusive right to sign recording contracts with the
    finalists from the American Idolseries in the United
    States;
    has the exclusive right to manage the finalists from the
    American Idolseries in the United States;
    has the exclusive right to produce IDOLStours; and
    has the exclusive licensing and merchandising rights for the
    IDOLStours in the United States. 5




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##### Table of Contents



19
    Entertainment/FremantleMedia Agreement
  IDOLS IDOLS American Idol American Idol
  IDOLS IDOLS IDOLS IDOLS
  
    a percentage of the Format Fee, which is a
    percentage of the gross fees received by a local production
    company from a local broadcaster for production and transmission
    of the IDOLSseries;
    a percentage of revenue derived from distribution of IDOLSseries and programs after a deduction of a percentage of
    gross revenue and other deductions;
    a percentage of the net revenue derived from program sponsorship
    and program merchandising; and
    a percentage of the net revenue derived from local merchandising
    and management deals (outside the United States). 19
    Entertainment and its affiliates retain 100% of artist
    management and artist merchandising income from the United
    States.  American
    Idol
  American Idol American Idol American Idol American Idol American Idol American Idol 8 American Idol
  American Idol
  American Idol 18-49
  American Idol American Idol
 6




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##### Table of Contents



American Idol American Idol American
    Idol
  So You
    Think You Can Dance
  So You Think You Can Dance
  So You Think You Can Dance So You Think You Can Dance.
  Recorded
    Music
  American Idol runner-up American Idol 9 IDOLS IDOLS
  IDOLS American Idol American
    Idol IDOLS
  American Idol American Idol American Idol
 7




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##### Table of Contents



American Idol
  and/or and/or and/or
  American
    Idol American Idol
  Internet
    and Telephony
  American Idol American Idol
  American Idol
  Sponsorship
    and Merchandising
  IDOLS American Idol American Idol
  American Idol American Idol
  Touring
  IDOLS American Idol American
    Idol American Idol
  So You Think You Can
    Dance
 8




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##### Table of Contents



Disney
    Attraction and Agreements
  American Idol American Idol American Idol
  American Idol
  Artist
    Management
  IDOLS American Idol
  ® ® ® ® Arthur, Good Morning Vietnam, The Vanishing, The Greatest
    Game Ever Played, Match Point Vicky Cristina
    Barcelona Arthur
  Seasonality
  American Idol So You Think You Can Dance American Idol
  Transactions
    with Simon Fuller and Restructuring of 19
    Entertainment
  IDOLS So You Think
    You Can Dance American Idol So You
    Think You Can Dance
 9




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##### Table of Contents



IDOLS So You Think You Can Dance If I Can Dream
    Presley
    Business
  and/or and/or
  ® ®
    Licensing
    and Intellectual Property
  Music
    Rights
   10




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##### Table of Contents



Elvis Presley Christmas Duets
  Name,
    Image and Likeness
    Television/Video
  two-hour four-hour two-hour
  Motion
    Pictures
    Licensing
     11




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##### Table of Contents



Graceland
    Operations
  Graceland
    90-year
        Elvis
    Presleys Heartbreak Hotel
    Graceland
    Improvements
    Seasonality
   12




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##### Table of Contents



Relationship
    with Cirque du Soleil
  Viva ELVIS
  Viva ELVIS
  Viva ELVIS
  Viva ELVIS
  Ali
    Business
      International
    Operations
    Segment
    Information
    Regulation
   13




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##### Table of Contents



Intellectual
    Property
    American Idol So You Think You Can Dance
    American Idol
   14




---



##### Table of Contents



Employees
    Company
    Organization
    (212) 838-3100.
  Available
    Information
  1-800-SEC-0330 http://www.sec.gov.
  Form 10-K, Form 10-Q, Form 8-K
  Item 1A.
    Risk
    Factors    Risks
    Related to Our Business
  The
    continued success of our businesses, including the popularity of
    our entertainment properties, is dependent on a variety of
    factors.
  IDOLS So You Think You Can Dance American Idol
 15




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##### Table of Contents



American Idol X-Factor IDOLS So You Think You
    Can Dance
      Our
    success depends, to a significant degree, on our relationships
    with third parties, including our
    co-producers,
    television broadcasters and record companies.
  American Idol IDOLS IDOLS
  American Idol American Idol
  If we
    are unable to complete or integrate future acquisitions, our
    business strategy and common stock price may be negatively
    affected.
   16




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##### Table of Contents



and/or
    Certain
    affiliates, noncontrolling interests and third parties have the
    right to exploit our intellectual property for commercial
    purposes and may exercise those rights in a manner that
    negatively affects our business.
    Our
    intellectual property rights may be inadequate to protect our
    business.
       17




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##### Table of Contents



Changes
    in U.S., global, or regional economic conditions could have an
    adverse effect on the profitability of some or all of our
    businesses.
    The
    departure or a failure to recruit key personnel could have a
    detrimental effect on us.
   18




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##### Table of Contents



We may
    not be able to obtain additional debt or equity financing on
    favorable terms, or at all.
  and/or
      We
    depend upon distributions from our operating subsidiaries to
    fund our operations and may be subordinate to the rights of
    their existing and future creditors.
    The
    concentration of ownership of our capital stock with a small
    number of investors will limit your ability to influence
    corporate matters.
     19




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##### Table of Contents



We are
    subject to extensive governmental regulation, and our failure to
    comply with regulations could adversely affect our results of
    operations, financial condition and business.
      and/or
    Risks
    Related to Our Common Stock
  We do
    not anticipate paying cash dividends on our common stock in the
    foreseeable future, and the lack of cash dividends may have a
    negative effect on our common stock price.
    Certain
    provisions of our stockholder rights plan, Delaware law and our
    charter documents could discourage a takeover that stockholders
    may consider favorable.
      
    Our Board of Directors has the right to elect directors to fill
    a vacancy created by the expansion of the Board of Directors or
    the resignation, death or removal of a director, subject to the
    right of the stockholders to elect a successor at the next
    annual or special meeting of stockholders, which limits the
    ability of stockholders to fill vacancies on our board of
    directors. 20




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##### Table of Contents




    Our stockholders may not call a special meeting of stockholders,
    which would limit their ability to call a meeting for the
    purpose of, among other things, voting on acquisition proposals.
    Our by-laws may be amended by our Board of Directors without
    stockholder approval, provided that stockholders may repeal or
    amend any such amended by-law at a special or annual meeting of
    stockholders.
    Our by-laws also provide that any action required or permitted
    to be taken by our stockholders at an annual meeting or special
    meeting of stockholders may not be taken by written action in
    lieu of a meeting.
    Our certificate of incorporation does not provide for cumulative
    voting in the election of directors, which could limit the
    ability of noncontrolling stockholders to elect director
    candidates.
    Stockholders must provide advance notice to nominate individuals
    for election to the board of directors or to propose matters
    that can be acted upon at a stockholders meeting. These
    provisions may discourage or deter a potential acquirer from
    conducting a solicitation of proxies to elect the
    acquirers own slate of directors or otherwise attempting
    to obtain control of our company.
    Our Board of Directors may authorize and issue, without
    stockholder approval, shares of preferred stock with voting or
    other rights or preferences that could impede the success of any
    attempt to acquire our company.    
    Prior to the date of the transaction, the board of directors of
    the corporation approved either the business combination or the
    transaction which resulted in the stockholder becoming an
    interested stockholder;
    Upon completion of the transaction that resulted in the
    stockholder becoming an interested stockholder, the interested
    stockholder owned at least 85% of the voting stock of the
    corporation outstanding at the time such transaction commenced,
    excluding, for purposes of determining the number of shares
    outstanding, (1) shares owned by persons who are directors
    and also officers of the corporation and (2) shares owned
    by employee stock plans in which employee participants do not
    have the right to determine confidentially whether shares held
    subject to the plan will be tendered in a tender or exchange
    offer; or
    On or subsequent to the date of the transaction, the business
    combination is approved by the board of directors of the
    corporation and authorized at an annual or special meeting of
    stockholders by the affirmative vote of at least
    662/3%
    of the outstanding voting stock which is not owned by the
    interested stockholder.       21




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##### Table of Contents



The
    conversion rights of our Series B Convertible Preferred
    Stock may be detrimental to holders of our common
    stock.
  thirty-day thirty-day
    Item 1B.
    Unresolved
    Staff Comments   22




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##### Table of Contents



Item 2.
    Properties    Location

Segment

Name of Property

Type/Use of Property

Approximate Size

Owned or LeasedNew York, NY

Corporate/Ali Business

Corporate Headquarters

Offices

24,546 square feet

Lease expires in 2013Memphis, TN

Presley Business

Graceland

Museum/Home

13.53 acres

Lease expires in 2095Memphis, TN

Presley Business

Presley Business Headquarters/Retail/ Parking/Ancillary Use

Parking Lot/ Airplane Museum/Retail/EPE Corporate
    Office/Ancillary Use

38.60 acres

OwnedMemphis, TN

Presley Business

Presley Business Office and Warehouses

Office and Warehouses

75,425 square feet

Leases expire in 2012Memphis, TN

Presley Business

Presley Business Offices

Offices

3,500 square feet

OwnedLos Angeles, CA

19 Entertainment

19 Entertainment Headquarters(1)

Offices

21,852 square feet

Lease expires in 2014Los Angeles, CA

MBST and Presley Business

MBST and Presley Administrative Offices

Offices

11,910 square feet

Lease expires in 2013     (1)
    
    Prior to the restructuring of 19 Entertainment, the 19
    Entertainment headquarters were located in London, England, with
    other offices in Los Angeles, CA, New York, NY, Nashville, TN
    and Paris, France. In connection with the restructuring, the
    Company relocated the 19 Entertainment headquarters to its Los
    Angeles office in 2010. The Company negotiated a sublease
    arrangement of a portion of the space in Los Angeles through
    mid-2011. The Company negotiated sublease arrangements of the
    entire 19 Entertainment New York administrative offices through
    the lease expiration in 2013 and the London offices through the
    lease expiration in 2012. We closed the Nashville office in 2010
    and we plan to close the Paris office in early 2011. The Company
    has recorded provisions to restructuring for the estimated
    remaining liabilities for each of these properties.  Item 3.
    Legal
    Proceedings    Item 4.
    (Removed
    And Reserved) 23




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PART II  Item 5.
    Market
    for Registrants Common Equity, Related Stockholder Matters
    and Issuer Purchases of Equity Securities  Market
    Information
  ® ®
  2010High

LowThe NASDAQ Global
    Market®Quarters EndedDecember 31, 2010

$
5.30


$
3.89September 30, 2010

$
5.60


$
4.63June 30, 2010

$
6.30


$
4.02March 31, 2010

$
6.12


$
3.94   2009High

LowQuarters EndedDecember 31, 2009

$
7.32


$
5.26September 30, 2009

$
7.41


$
5.87June 30, 2009

$
8.05


$
4.10March 31, 2009

$
4.82


$
3.12     Dividend
    Policy
      Securities
    Authorized for Issuance Under Equity Compensation
    Plans
   24




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##### Table of Contents



Number ofSecurities to be

Weighted-AverageIssued 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


2,679,600


$
6.18



726,878Equity compensation plans not approved by security holders










  25




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##### Table of Contents



Performance
    Graph
  5-year
   COMPARISON
    OF 5 YEAR CUMULATIVE TOTAL RETURN* Among
    CKX Inc., the S&P 500 Index
    and S&P SuperCap Media Index
  
   *
    $100 invested on
    12/31/05 in
    stock or index, including reinvestment of dividends.   ©
  12/05


12/06


12/07


12/08


12/09


12/10CKX Inc.



100.00




90.23




92.31




29.48




42.33




32.37S&P 500



100.00




115.80




122.16




76.96




97.33




111.99S&P SuperCap Media Index



100.00




129.36




109.59




66.98




95.81




119.11   The stock price performance included in this graph is not
    necessarily indicative of future stock price performance.
  Recent
    Sales of Unregistered Securities
    Purchases
    of Equity Securities by the Issuer and Affiliated
    Purchasers
   26




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##### Table of Contents



Item 6.
    Selected
    Financial Data      Year Ended December 31,2010

2009

2008

2007

2006(Amounts in thousands, except per share and share
    information)Statement of Operations Data:Revenue

$
273,724


$
328,353


$
288,128


$
266,777


$
210,153Operating expenses(1)


222,876



260,991



194,366



201,468



169,717Provision for severance and other restructuring-related costs


19,291



1,418











Impairment charges


24,637



2,526



35,661







Depreciation and amortization


18,687



19,241



21,161



22,551



20,541Operating income (loss)


(11,767
)


44,177



36,940



42,758



19,895Interest income (expense), net


(2,478
)


(3,027
)


(3,823
)


(3,946
)


240Income (loss) before income taxes and equity in earnings of
    affiliates


(14,245
)


41,150



33,117



40,993



16,812Income tax expense (benefit)


(1,043
)


15,358



14,430



19,432



6,178Equity in earnings of affiliates


676



576



2,521



1,566



686Income (loss) from continuing operations


(12,526
)


26,368



21,208



23,127



11,320Loss from discontinued operations














(8,430
)


Net income (loss)


(12,526
)


26,368



21,208



14,697



11,320Dividends on preferred stock


(1,824
)


(1,824
)


(1,824
)


(1,824
)


(1,824
)Net income (loss) available to CKX, Inc.


(14,350
)


24,544



19,384



12,873



9,496Less: Net income attributable to noncontrolling interests


(1,366
)


(1,782
)


(2,257
)


(2,553
)


(2,127
)Net income (loss) attributable to CKX, Inc.

$
(15,716
)

$
22,762


$
17,127


$
10,320


$
7,369Basic income (loss) per common share

$
(0.17
)

$
0.24


$
0.18


$
0.11


$
0.08Diluted income (loss) per common share

$
(0.17
)

$
0.24


$
0.18


$
0.11


$
0.08Average number of basic common shares outstanding


92,907,981



93,298,778



96,674,706



96,901,172



92,529,152Average number of diluted common shares outstanding


92,907,981



93,337,683



96,684,377



96,991,441



93,555,201     (1)
    
    Operating expenses exclude provision for severance and other
    restructuring-related costs, impairment charges and depreciation
    and amortization.  27




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##### Table of Contents



As of December 31,2010

2009

2008

2007

2006(Amounts in thousands)Balance Sheet Data:Cash and cash equivalents

$
109,457


$
66,587


$
101,895


$
50,947


$
36,610Other current assets


61,783



86,249



52,407



58,127



36,088Total assets


460,833



499,214



476,061



525,455



489,117Current liabilities (excluding current portion of debt)


61,668



77,718



78,292



59,845



39,432Current portion of debt


100,515



482



489



652



631Total debt


100,646



101,129



101,918



103,070



3,701Total liabilities


180,734



206,892



210,319



207,992



91,153Redeemable restricted common stock


7,347



7,347



23,002



23,002



23,002Total CKX, Inc. stockholders equity


266,863



278,734



237,461



289,704



371,009  28




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##### Table of Contents



Item 7.
    Managements
    Discussion and Analysis of Financial Condition and Results of
    Operations  The following managements discussion and analysis of
    financial condition and results of operations of the Company
    should be read in conjunction with the Companys historical
    consolidated financial statements and notes thereto included
    elsewhere in this Annual Report. Our future results of
    operations may change materially from the historical results of
    operations reflected in our historical financial statements.
  Overview
    
    19 Entertainment, which owns proprietary rights to the IDOLSand So You Think You Can Dancetelevision brands,
    both of which air in the United States, and, together with local
    adaptations of the format, around the world;
    An 85% ownership interest in Elvis Presley Enterprises, which
    owns the rights to the name, image and likeness of Elvis
    Presley, certain music and other intellectual property created
    by or related to Elvis Presley and the operations of Graceland
    and has partnered with Cirque du Soleil for Viva ELVIS in Las
    Vegas, Nevada; and
    An 80% ownership interest in Muhammad Ali Enterprises, which
    owns the rights to the name, image and likeness of, as well as
    certain trademarks and other intellectual property related to
    Muhammad Ali.      Reorganization
  IDOLS So You Think
    You Can Dance
  19
    Entertainment
    IDOLS IDOLS IDOLS IDOLS IDOLS IDOLS
  IDOLS
 29




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##### Table of Contents



American Idol 1 American Idol 4, American Idol 4 American Idol 9, American
    Idol IDOLS
  American Idol IDOLS
  IDOLS American Idol IDOLS American Idol American Idol American Idol American Idol American Idol
  American Idol American Idol American Idol American Idol American Idol American Idol
  American Idol So You Think You Can Dance So You Think You Can
    Dance Superstars of Dance So You Think You Can Dance
   30




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##### Table of Contents



Presley
    Business
  and/or and/or
    Viva ELVIS
      and/or
  Ali
    Business
     31




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##### Table of Contents



Transactions
    with Simon Fuller and Restructuring of 19
    Entertainment
  IDOLS So You Think
    You Can Dance American Idol So You Think
    You Can Dance
    and/or and/or
     32




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##### Table of Contents



Executive
    Separation Costs
      and/or
    Change in
    Functional Currency
   33




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##### Table of Contents



Foreign Currency Matters
    Other
    Corporate Activities
  Exercise
    of Amended Call Option
        Terminated
    Merger Agreement
      Transactions
    Involving FX Real Estate and Entertainment Inc.
     34




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##### Table of Contents



Use of
    OIBDAN
      Consolidated
    Operating Results Year Ended December 31, 2010
  Compared to Year Ended December 31, 2009
  Year Ended


Year EndedDecember 31,


December 31,2010


2009


Variance(Amounts in thousands)Revenue

$
273,724


$
328,353


$
(54,629
)Operating expenses


285,491



284,176



1,315Provision for severance and other restructuring-related costs


19,291



1,418



17,873Executive separation costs


7,655







7,655Operating income (loss)


(11,767
)


44,177



(55,944
)Income tax expense (benefit)


(1,043
)


15,358



(16,401
)Net income (loss) attributable to CKX, Inc.


(15,716
)


22,762



(38,478
)Operating income (loss)

$
(11,767
)

$
44,177


$
(55,944
)Impairment charges


24,637



2,526



22,111Depreciation and amortization


18,687



19,241



(554
)Non-cash provision for severance and other restructuring-related
    costs and executive separation costs


1,849







1,849Non-cash compensation


1,578



1,563



15OIBDAN

$
34,984


$
67,507


$
(32,523
)  35




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##### Table of Contents



So You Think You Can Dance Superstars of Dance, American Idol Viva ELVIS So You Think You Can Dance.
  19
    Entertainment
  Superstars of Dance So You Think You Can Dance So You Think You Can
    Dance, Superstars of Dance American Idol So You Think You Can Dance
    Year Ended December 31, 2010

Revenue


Cost of Sales(Amounts in thousands)American Idol(including television production, foreign
    syndication, sponsorship, merchandise and touring)

$
91,092


$
(32,483
)

$
58,609Other IDOLStelevision programs (including license fees
    and sponsorship)


15,069



(1,810
)


13,259So You Think You Can Dance


61,475



(50,729
)


10,746Music and artist management


32,677



(16,866
)


15,811Other television productions


1,012



(2,699
)


(1,687
)Businesses divested or shut down


11,877



(17,562
)


(5,685
)$
213,202


$
(122,149
)

$
91,053Selling, general and administrative expenses, excluding non-cash
    compensation










(28,659
)Provision for severance and other restructuring-related costs
    (excluding non-cash compensation for accelerated vesting)










(18,739
)Other expense










(1,226
)OIBDAN









$
42,429OIBDAN









$
42,429Impairment charges










(4,389
)Depreciation and amortization










(13,685
)Non-cash provision for severance and other restructuring-related
    costs










(552
)Non-cash compensation










(388
)Operating income









$
23,415  36




---



##### Table of Contents



Year Ended December 31, 2009

Revenue


Cost of Sales(Amounts in thousands)American Idol(including television production, foreign
    syndication, sponsorship, merchandise and touring)

$
79,185


$
(18,548
)

$
60,637Other IDOLStelevision programs (including license fees
    and sponsorship)


13,461



(445
)


13,016So You Think You Can Dance


108,381



(86,724
)


21,657Music and artist management


33,846



(13,342
)


20,504Other television productions


15,577



(14,505
)


1,072Businesses divested or shut down


13,073



(18,274
)


(5,201
)$
263,523


$
(151,838
)

$
111,685Selling, general and administrative expenses, excluding non-cash
    compensation










(44,318
)Other operating expense










(4,079
)OIBDAN









$
63,288OIBDAN









$
63,288Impairment charge










(2,526
)Depreciation and amortization










(13,792
)Non-cash compensation










(514
)Operating income









$
46,456   American Idol 9 American Idol 8 American Idol American Idol American Idol
  IDOLS
  So You Think You Can Dance
  Superstars of Dance Superstars of Dance
  American Idol American Idol
 37




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##### Table of Contents



Presley
    Business  Royalties and Licensing
    Year Ended


Year EndedDecember 31,


December 31,2010


2009


Variance(Amounts in thousands)Revenue

$
21,312


$
24,473


$
(3,161
)Cost of sales


(3,844
)


(764
)


(3,080
)Selling, general and administrative expense, excluding non-cash
    compensation


(5,207
)


(4,314
)


(893
)OIBDAN

$
12,261


$
19,395


$
(7,134
)OIBDAN

$
12,261


$
19,395


$
(7,134
)Depreciation and amortization


(2,569
)


(2,582
)


13Non-cash compensation


(52
)


(42
)


(10
)Operating income

$
9,640


$
16,771


$
(7,131
)   Viva ELVIS Viva ELVIS
 38




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##### Table of Contents



Presley
    Business  Graceland Operations
    Year Ended


Year EndedDecember 31,


December 31,2010


2009


Variance(Amounts in thousands)Revenue

$
35,992


$
36,124


$
(132
)Cost of sales


(5,557
)


(5,267
)


(290
)Selling, general and administrative expense, excluding non-cash
    compensation


(24,715
)


(23,495
)


(1,220
)OIBDAN

$
5,720


$
7,362


$
(1,642
)OIBDAN

$
5,720


$
7,362


$
(1,642
)Impairment charge


(2,639
)






(2,639
)Depreciation and amortization


(2,402
)


(2,369
)


(33
)Non-cash compensation


(89
)


(97
)


8Operating income

$
590


$
4,896


$
(4,306
)         Ali
    Business
   39




---



##### Table of Contents



Corporate
    and Other
  Corporate
    Expenses and Other Costs
          Impairment
    Charges
        Interest
    Income/Expense, net
   40




---



##### Table of Contents



Income
    Taxes
  IDOLS So You Think You Can
    Dance
    IDOLS So You Think You Can
    Dance
        Equity
    in Earnings of Affiliates
    Viva ELVIS
  Noncontrolling
    Interests
   41




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##### Table of Contents



Consolidated
    Operating Results Year Ended December 31, 2009
  Compared to Year Ended December 31, 2008
  Year Ended


Year EndedDecember 31,


December 31,2009


2008


Variance(Amounts in thousands)Revenue

$
328,353


$
288,128


$
40,225Operating expenses


284,176



251,188



32,988Other operating income (expense)


(4,079
)


15,910



(19,989
)Operating income


44,177



36,940



7,237Income tax expense


15,358



14,430



928Net income attributable to CKX, Inc.


22,762



17,127



5,635Operating income

$
44,177


$
36,940


$
7,237Impairment charges


2,526



35,661



(33,135
)Depreciation and amortization


19,241



21,161



(1,920
)Non-cash compensation


1,563



2,954



(1,391
)OIBDAN

$
67,507


$
96,716


$
(29,209
)   So You Think You Can Dance So You Think You Can Dance So You Think You Can Dance
  19
    Entertainment
   42




---



##### Table of Contents



Year Ended December 31, 2009

Revenue


Cost of Sales(Amounts in thousands)American Idol(including television production, foreign
    syndication, sponsorship, merchandise and touring)

$
79,185


$
(18,548
)

$
60,637Other IDOLStelevision programs (including license fees
    and sponsorship)


13,461



(445
)


13,016So You Think You Can Dance


108,381



(86,724
)


21,657Music and artist management


33,846



(13,342
)


20,504Other television productions


15,577



(14,505
)


1,072Businesses divested or shut down


13,073



(18,274
)


(5,201
)$
263,523


$
(151,838
)

$
111,685Selling, general and administrative expenses, excluding non-cash
    compensation










(44,318
)Other operating expense










(4,079
)OIBDAN









$
63,288OIBDAN









$
63,288Impairment charge on Storm










(2,526
)Depreciation and amortization










(13,792
)Non-cash compensation










(514
)Operating income









$
46,456   Year Ended December 31, 2008

Revenue


Cost of Sales(Amounts in thousands)American Idol(including television production, foreign
    syndication, sponsorship, merchandise and touring)

$
96,028


$
(22,455
)

$
73,573Other IDOLStelevision programs (including license fees
    and sponsorship)


15,349



(482
)


14,867So You Think You Can Dance


59,802



(47,015
)


12,787Music and artist management


36,295



(15,351
)


20,944Other television productions










Businesses divested or shut down


21,727



(22,647
)


(920
)$
229,201


$
(107,950
)

$
121,251Selling, general and administrative expenses, excluding non-cash
    compensation










(44,362
)Other operating income










15,910OIBDAN









$
92,799OIBDAN









$
92,799Impairment charge on MBST










(7,922
)Depreciation and amortization










(16,165
)Non-cash compensation










(2,044
)Operating income









$
66,668  43




---



##### Table of Contents



American Idol 8 American Idol 7 American Idol American
    Idol American Idol
  IDOLS
  So You Think You Can Dance So You
    Think You Can Dance
  Superstars of Dan Superstars of Dance
       44




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##### Table of Contents



Presley
    Business  Royalties and Licensing
    Year Ended


Year EndedDecember 31,


December 31,2009


2008


Variance(Amounts in thousands)Revenue

$
24,473


$
18,186


$
6,287Cost of sales


(764
)


(2,364
)


1,600Selling, general and administrative expense, excluding non-cash
    compensation


(4,314
)


(5,330
)


1,016OIBDAN

$
19,395


$
10,492


$
8,903OIBDAN

$
19,395


$
10,492


$
8,903Depreciation and amortization


(2,582
)


(2,582
)


Non-cash compensation


(42
)


(39
)


(3
)Operating income

$
16,771


$
7,871


$
8,900     Presley
    Business  Graceland Operations
    Year Ended


Year EndedDecember 31,


December 31,2009


2008


Variance(Amounts in thousands)Revenue

$
36,124


$
36,713


$
(589
)Cost of sales


(5,267
)


(5,674
)


407Selling, general and administrative expense, excluding non-cash
    compensation


(23,495
)


(24,835
)


1,340OIBDAN

$
7,362


$
6,204


$
1,158OIBDAN

$
7,362


$
6,204


$
1,158Depreciation and amortization


(2,369
)


(2,251
)


(118
)Non-cash compensation


(97
)


(79
)


(18
)Operating income

$
4,896


$
3,874


$
1,022  45




---



##### Table of Contents



e-commerce
    and/or
  Ali
    Business
    Corporate
    and Other
  Corporate
    Expenses and Other Costs
   46




---



##### Table of Contents



break-up
  Impairment
    Charges
      Interest
    Income/Expense, net
    Income
    Taxes
     47




---



##### Table of Contents



Business Combinations
          Equity
    in Earnings of Affiliates
    Noncontrolling
    Interests
    Liquidity
    and Capital Resources
   48




---



##### Table of Contents



50-125 basis 150-225 basis
       49




---



##### Table of Contents



Cash Flow
    for the Years Ended December 31, 2010, 2009 and
    2008
  Operating
    Activities
  American Idol So You Think You Can Dance
  American Idol So You Think You Can Dance Superstars of Dance
    Investing
    Activities
        Financing
    Activities
       50




---



##### Table of Contents



Uses
    of Capital
      Capital
    Expenditures
      Dividends
      Commitments
    and Contingencies
   51




---



##### Table of Contents



2011


2012


2013


2014


2015


Thereafter


Total(In thousands)Debt principal

$
100,515


$
131


$



$



$



$



$
100,646Interest on debt


751



7



















758Non-cancelable operating leases


3,385



3,082



2,143



1,476



267



763



11,116Employment contracts and consulting agreements


16,060



12,085



3,067



1,567



83







32,862Guaranteed minimum distributions(a)


1,700



1,700



1,700



1,700



1,700







8,50019 Entertainment put right(b)


7,039























7,039Series B convertible preferred stock dividend(c)


1,826



1,826



1,826



1,826



1,826







9,130Ryan Seacrest agreement


6,585



6,585



















13,170Television development agreement


2,000



2,000



















4,000EPE Put Right(d)


























MAE contingent consideration(e)


























Uncertain tax positions(f)


3,934























3,934Total

$
143,795


$
27,416


$
8,736


$
6,569


$
3,876


$
763


$
191,155     (a)
    
    We are required to make guaranteed minimum distributions to the
    noncontrolling interest shareholder of at least
    $1.2 million annually for as long as the noncontrolling
    interest shareholder continues to own 15% of the Presley
    Business. We are also required to make guaranteed minimum
    distributions to the noncontrolling interest shareholder of at
    least $0.5 million annually for as long as the
    noncontrolling interest shareholder continues to own 20% of the
    Ali Business.(b)
    
    We have granted to the former holders of capital stock of 19
    Entertainment the right, during a period of 20 business
    days beginning March 17, 2011, to cause us to purchase up
    to 0.5 million shares of common stock from them at a price
    of $13.18 per share, which is reflected in the table above.
    These shares represent the remaining shares subsequent to the
    Companys exercise of its call option under the amended Put
    and Call Option Agreement described elsewhere herein.(c)
    
    We are required to pay an annual dividend of $1.8 million
    per year in quarterly installments on our outstanding
    Series B Convertible Preferred Stock issued in the
    acquisition of the Presley Business.(d)
    
    The Promenade Trust has the right to require us to purchase up
    to all of its remaining ownership interest in the Presley
    Business at a price based on the fair market value of the
    business.(e)
    
    The Muhammad Ali Family Trust also has the right to require the
    Company to purchase all of its remaining ownership interest in
    the Ali Business beginning on April 10, 2011 at a price
    based on the then current fair market value.(f)
    
    By definition, the uncertain tax positions may or may not be
    paid. Due to such uncertainty, the Company is unable to estimate
    the timing of such potential payments. The amount includes
    interest and penalties of $1.2 million.   52




---



##### Table of Contents



Ryan
    Seacrest Agreement
  American Idol American Idol American Idol
  American Idol
  Simon
    Fuller Transaction
  American Idol So You Think You Can Dance American Idol So You Think You Can Dance
  Television
    Development Agreement
    Future
    Acquisitions
    Inflation
   53




---



##### Table of Contents



Application
    of Critical Accounting Policies
        Television
    Production Costs
      Artist
    Advances and Recoupable Recording Costs
  artist-by-artist
  Goodwill
    and Other Intangible Assets
   54




---



##### Table of Contents



Income
    Taxes
        Share-Based
    Payments
   55




---



##### Table of Contents



Impact
    of Recently Issued Accounting Standards
  Accounting for Transfers of Financial Assets  an
    amendment of FASB No. 140, Accounting for Transfers and
    Servicing of Financial Assets and Extinguishments of
    Liabilities
  Amendments to FASB Interpretation No. 46(R)
  2009-13 2009-13
  Off
    Balance Sheet Arrangements
  Regulation S-K.
  Item 7A.
    Quantitative
    and Qualitative Disclosures About Market Risk    Interest
    Rate Risk
      Foreign
    Exchange Risk
     56




---



##### Table of Contents



19
    Entertainment Put Option
   57




---



##### Table of Contents



Item 8.
    Financial
    Statements and Supplementary Data  Table of
    Contents to Consolidated Financial Statements
  PageCKX, Inc.Reports of Independent Registered Public
    Accounting Firm


59Consolidated Balance Sheets at December 31,
    2010 and 2009


62Consolidated Statements of Operations for the
    years ended December 31, 2010, 2009, and 2008


63Consolidated Statements of Cash Flows for the
    years ended December 31, 2010, 2009, and 2008


64Consolidated Statement of Stockholders
    Equity for the years ended December 31, 2010, 2009, and
    2008


66Notes to Consolidated Financial Statements


67  58




---



##### Table of Contents



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM            Internal Control  Integrated Framework
  DELOITTE &
    TOUCHE LLP
     59




---



##### Table of Contents



REPORT OF
    INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
      Internal Control  Integrated Framework
             60




---



##### Table of Contents



Internal Control  Integrated Framework
    DELOITTE &
    TOUCHE LLP
     61




---



##### Table of Contents



CKX,
    INC.
  CONSOLIDATED BALANCE SHEETS
 (amounts
    in thousands, except share data)
  December 31,


December 31,2010


2009ASSETSCurrent assets:Cash and cash equivalents

$
109,457


$
66,587Receivables, net of allowance for doubtful accounts of $798 at
    December 31, 2010 and $742 at December 31, 2009


32,335



52,252Inventories, net of allowance for obsolescence of $590 at
    December 31, 2010 and $661 at December 31, 2009


1,689



1,977Prepaid expenses and other current assets


25,282



26,092Prepaid income taxes






4,610Deferred tax assets


2,477



1,318Total current assets


171,240



152,836Property and equipment  net


45,035



49,590Receivables


1,720



2,693Loans to related parties


354



2,221Other assets


37,881



49,453Goodwill


111,374



116,873Other intangible assets  net


88,136



119,809Deferred tax assets


5,093



5,739TOTAL ASSETS

$
460,833


$
499,214LIABILITIES AND STOCKHOLDERS EQUITYCurrent liabilities:Accounts payable

$
22,174


$
39,144Accrued expenses


25,615



25,689Current portion of long-term debt


100,515



482Income tax payable


741



Deferred revenue


13,138



12,885Total current liabilities


162,183



78,200Long-term liabilities:Long-term debt


131



100,647Deferred revenue


2,062



2,850Other long-term liabilities


2,502



2,828Deferred tax liabilities


13,856



22,367Total liabilities


180,734



206,892Redeemable restricted common stock 
    534,082 shares outstanding at December 31, 2010 and
    2009


7,347



7,347CKX, Inc. stockholders equity:Preferred stock, $.01 par value, authorized
    75,000,000 shares:Series B  1,491,817 shares outstanding at
    December 31, 2010 and 2009


22,825



22,825Series C  1 share outstanding at
    December 31, 2010 and 2009






Common stock, $0.01 par value: authorized
    200,000,000 shares, 96,898,206 shares issued at
    December 31, 2010 and 96,831,149 issued at
    December 31, 2009


969



968Additional
    paid-in-capital


398,257



394,839Accumulated deficit


(99,573
)


(83,857
)Common stock in treasury  4,477,438 shares at
    December 31, 2010 and 2009


(22,647
)


(22,647
)Accumulated other comprehensive loss


(32,968
)


(33,394
)Total CKX, Inc. stockholders equity


266,863



278,734Noncontrolling interests


5,889



6,241Total equity


272,752



284,975TOTAL LIABILITIES AND STOCKHOLDERS EQUITY

$
460,833


$
499,214    62




---



##### Table of Contents



CKX,
    INC.
  CONSOLIDATED STATEMENTS OF OPERATIONS
 (amounts
    in thousands, except share and per share
    information)
  Year Ended


Year Ended


Year EndedDecember 31,


December 31,


December 31,2010


2009


2008Revenue

$
273,724


$
328,353


$
288,128Operating expenses:Cost of sales


132,005



158,569



117,358Selling, general and administrative expenses


60,109



73,817



78,354Corporate expenses


20,132



21,214



18,065Impairment charges


24,637



2,526



35,661Depreciation and amortization


18,687



19,241



21,161Provision for severance and other restructuring-related costs


19,291



1,418



Executive separation costs


7,655







Merger-related and advisory costs


1,730



675



(5,768
)Acquisition-related costs






2,637



2,267Other expense (income)


1,245



4,079



(15,910
)Total operating expenses


285,491



284,176



251,188Operating income (loss)


(11,767
)


44,177



36,940Interest income


202



308



1,778Interest expense


(2,680
)


(3,335
)


(5,601
)Income (loss) before income taxes and equity in earnings of
    affiliates


(14,245
)


41,150



33,117Income tax expense (benefit)


(1,043
)


15,358



14,430Income (loss) before equity in earnings of affiliates


(13,202
)


25,792



18,687Equity in earnings of affiliates


676



576



2,521Net income (loss)


(12,526
)


26,368



21,208Dividends on preferred stock


(1,824
)


(1,824
)


(1,824
)Net income (loss) available to CKX, Inc.


(14,350
)


24,544



19,384Less: Net income attributable to noncontrolling interests


(1,366
)


(1,782
)


(2,257
)Net income (loss) attributable to CKX, Inc.

$
(15,716
)

$
22,762


$
17,127Basic income (loss) per share:Income (loss) attributable to CKX, Inc. before preferred
    dividends

$
(0.15
)

$
0.26


$
0.20Dividends on preferred stock


(0.02
)


(0.02
)


(0.02
)Basic income (loss) per share

$
(0.17
)

$
0.24


$
0.18Diluted income (loss) per share:Income (loss) attributable to CKX, Inc. before preferred
    dividends

$
(0.15
)

$
0.26


$
0.20Dividends on preferred stock


(0.02
)


(0.02
)


(0.02
)Diluted income (loss) per share

$
(0.17
)

$
0.24


$
0.18Average number of common shares outstanding:Basic


92,907,981



93,298,778



96,674,706Diluted


92,907,981



93,337,683



96,684,377    63




---



##### Table of Contents



CKX,
    INC.
  CONSOLIDATED STATEMENTS OF CASH FLOWS
 (amounts
    in thousands)
  Year Ended


Year Ended


Year EndedDecember 31,


December 31,


December 31,2010


2009


2008Cash flows from operating activities:Net income (loss)

$
(12,526
)

$
26,368


$
21,208Adjustments to reconcile net income (loss) to net cash provided
    by operating activities:Depreciation and amortization


18,687



19,241



21,161Write-off of deferred costs






874



Impairment charges


24,637



2,526



35,661Non-cash provision for severance and other restructuring-related
    costs and executive separation costs


1,849







Write-off of loan to related party


1,410







Unrealized foreign currency gains and losses


945



3,114



(11,833
)Share-based payments


1,578



1,563



2,954Equity in earnings (losses) of affiliates, net of cash received


(676
)


(576
)


264Merger termination recoveries, net of cash received










(7,647
)Deferred income taxes


(8,590
)


3,670



(15,923
)Amortization of deferred financing costs


678



686



666Provision for accounts receivable allowance


448



259



814Provision for inventory allowance


38



101



114Changes in operating assets and liabilities:Receivables


22,463



(12,112
)


83Prepaid expenses and other current assets


2,496



(21,663
)


(9,926
)Other assets


10,482







Prepaid income taxes


4,610



(4,610
)


Accounts payable and accrued expenses


(17,044
)


18,734



5,215Deferred revenue


(535
)


(18,362
)


19,473Income taxes payable


741



(5,526
)


(700
)Other


(1,968
)


162



(1,357
)Net cash provided by operating activities


49,723



14,449



60,227Cash flows from investing activities:Investment in Cirque du Soleil partnership


(4,915
)


(18,357
)


Return of capital from Cirque du Soleil partnership


3,984







Proceeds from sales of businesses and assets


1,921







Additions to property and equipment


(3,571
)


(7,062
)


(7,838
)Purchase of 51% interest in business, net of cash acquired of
    $936






(4,314
)


Loan repayment from FXRE










6,345Loan to noncontrolling interests






(455
)


(500
)Repayment of loan from noncontrolling interests










500Net cash used in investing activities


(2,581
)


(30,188
)


(1,493
)Cash flows from financing activities:Purchase of redeemable restricted common stock






(15,000
)


Distributions to noncontrolling interests


(1,700
)


(2,600
)


(1,700
)Principal payments on debt


(483
)


(774
)


(1,152
)Dividends paid on preferred stock


(1,824
)


(1,824
)


(1,824
)Net cash used in financing activities


(4,007
)


(20,198
)


(4,676
)Effect of exchange rate changes on cash


(265
)


629



(3,110
)Net increase (decrease) in cash and equivalents


42,870



(35,308
)


50,948Cash and cash equivalents, beginning of period


66,587



101,895



50,947Cash and cash equivalents, end of period

$
109,457


$
66,587


$
101,895Cash paid during the period for:Interest

$
1,941


$
2,560


$
5,266Income taxes


10,633



21,869



30,106   64




---



##### Table of Contents



Supplemental Cash Flow Information (amounts in thousands):The Company had the following non-cash investing and financing
    activities in the year ended December 31, 2010:Accrued but unpaid Series B Convertible Preferred Stock
    Dividends

$
456Note receivable for sale of businesses and assets


1,456Write-off of related party loan


1,410Pay-down of related party loan


60The Company had the following non-cash operating, investing and
    financing activities in the year ended December 31, 2009:Accrued but unpaid Series B Convertible Preferred Stock
    Dividends

$
456The Company had the following non-cash operating, investing and
    financing activities in the year ended December 31, 2008:Shares received in merger termination

$
7,647Distribution of final 2% ownership interest in FXRE


6,175Accrued but unpaid Series B Convertible Preferred Stock
    Dividends


456    65




---



##### Table of Contents



CKX,
    INC.
  CONSOLIDATED STATEMENT OF STOCKHOLDERS
    EQUITY
 (in
    thousands, except share information)
  AccumulatedOtherPreferred Stock


Common Stock


Additional





Common Stock


ComprehensiveSeries B


Series C


Shares





Paid-In


Accumulated


in Treasury


IncomeShares


Amount


Shares


Amount


Outstanding


Amount


Capital


Deficit


Shares


Amount


(Loss)


TotalBalance at January 1, 2008


1,491,817


$
22,825



1


$




95,402,757


$
954


$
374,665


$
(123,746
)





$



$
15,006


$
289,704Shares issued to independent directors


















38,628







475



















475Restricted shares issued to employees


















200,000



2



1,904



















1,906Restricted shares forfeited by employees


















(6,700
)


























Shares received upon merger termination


















(3,339,350
)














3,339,350



(7,647
)






(7,647
)Stock option expense


























573



















573Series B preferred dividends






























(1,824
)














(1,824
)Net income






























18,951















18,951Other comprehensive loss










































(64,677
)


(64,677
)Balance at December 31, 2008


1,491,817


$
22,825



1


$




92,295,335


$
956


$
377,617


$
(106,619
)


3,339,350


$
(7,647
)

$
(49,671
)

$
237,461Shares received upon exercise of call option






















11



15,580







1,138,088



(15,000
)






591Shares issued to independent directors


















59,076



1



422



















423Restricted shares issued to employees


























152



















152Restricted shares forfeited by employees


















(2,200
)


























Stock option exercised


















1,500







6



















6Stock option expense


























1,062



















1,062Series B preferred dividends






























(1,824
)














(1,824
)Net income






























24,586















24,586Other comprehensive income










































16,277



16,277Balance at December 31, 2009


1,491,817


$
22,825



1


$




92,353,711


$
968


$
394,839


$
(83,857
)


4,477,438


$
(22,647
)

$
(33,394
)

$
278,734Shares issued to independent directors


















59,657



1



171



















172Restricted shares issued to employees


























134



















134Restricted shares forfeited by employees


















(3,400
)


























Stock option exercised


















10,800







45



















45Stock option expense


























3,068



















3,068Series B preferred dividends






























(1,824
)














(1,824
)Net loss






























(13,892
)














(13,892
)Other comprehensive loss










































426



426Balance at December 31, 2010


1,491,817


$
22,825



1


$




92,420,768


$
969


$
398,257


$
(99,573
)


4,477,438


$
(22,647
)

$
(32,968
)

$
266,863    66




---



##### Table of Contents



CKX,
    INC.



NOTES TO
    CONSOLIDATED FINANCIAL STATEMENTS  1.
    Overview  General
    
    19 Entertainment Limited (19 Entertainment), which
    owns proprietary rights to the IDOLS and So You Think
    You Can Dancetelevision brands, both of which air in the
    United States and, together with local adaptations of the
    formats, around the world;
    An 85% ownership interest in Elvis Presley Enterprises (the
    Presley Business or EPE), which owns the
    rights to the name, image and likeness of Elvis Presley, certain
    music and other intellectual property created by or related to
    Elvis Presley, and the operations of Graceland; and has
    partnered with Cirque du Soleil for Viva ELVISshow in
    Las Vegas, Nevada; and
    An 80% ownership interest in Muhammad Ali Enterprises (the
    Ali Business), which owns the rights to the name,
    image and likeness of, as well as certain trademarks and other
    intellectual property related to Muhammad Ali.    2.
    Summary
    of Significant Accounting Policies and Basis of
    Presentation  Principles
    of Consolidation
      Use of
    Estimates
    Cash
    and Cash Equivalents
    Inventory
   67




---



##### Table of Contents



first-in,
  Property
    and Equipment
      December 31, 2010


December 31, 2009


Useful Lives(In thousands)


(In thousands)Land

$
30,718


$
29,543



n/aBuildings and improvements


12,752



21,244



5-20Equipment, furniture and fixtures


7,897



10,200



3-7Airplane


2,632



2,632



553,999



63,619Less: accumulated depreciation and amortization


(8,964
)


(14,029
)$
45,035


$
49,590     Revenue
    Recognition
  Merchandising/Name,
    Image and Likeness Licensing Revenue:
    Royalty
    Income:
   68




---



##### Table of Contents



Television
    Revenue:
    Sponsorship
    Revenue:
    Management
    and Production Services Revenue:
    Other
    Revenue:
    Television
    Production Costs
     69




---



##### Table of Contents



Artist
    Advances and Recoupable Recording Costs
    Advertising
    Expense
    Income
    Taxes
    Foreign
    Currency
      Goodwill
    and Other Intangible Assets
     70




---



##### Table of Contents



Equity
    Investments
        Share-Based
    Payments
    Impact
    of Recently Issued Accounting Standards
  Accounting for Transfers of Financial Assets  an
    amendment of FASB No. 140, Accounting for Transfers and
    Servicing of Financial Assets and Extinguishments of
    Liabilities
  Amendments to FASB Interpretation No. 46(R)
  2009-13 2009-13
  3.
    Transactions
    with Simon Fuller and Restructuring of 19
    Entertainment   71




---



##### Table of Contents



IDOLS So You Think
    You Can Dance American Idol So You Think You Can Dance
    IDOLS So You Think You Can Dance
  and/or and/or
       72




---



##### Table of Contents



Provision for the


Payments/Writeoffs/VestingYear Ended


During the Year Ended


Liability as ofDecember 31, 2010


December 31, 2010


December 31, 2010Severance and other employee-related termination costs

$
7,300


$
(6,894
)

$
406Costs associated with transaction with Simon Fuller


5,564



(5,564
)


Costs associated with termination of leases related to office
    closures


3,318



(1,796
)


1,522Costs associated with termination of projects and ventures


1,776



(1,625
)


151Other


1,333



(1,236
)


97$
19,291


$
(17,115
)

$
2,176     4.
    Executive
    Separation Costs      and/or
 73




---



##### Table of Contents



Provision for the


Payments/VestingYear Ended


During the Year Ended


Liability as ofDecember 31, 2010


December 31, 2010


December 31, 2010Severance and other one-time costs

$
3,812


$
(3,812
)

$
Consulting costs


1,824



(671
)


1,153Share-based compensation costs due to acceleration of stock
    options


1,297



(1,297
)


Office and other administrative costs


500



(200
)


300Health insurance costs


222



(36
)


186$
7,655


$
(6,016
)

$
1,639   5.
    Transactions
    Involving FX Real Estate and Entertainment Inc.  About
    FXRE
    Terminated
    License Agreements
        6.
    Capital
    Structure  Redeemable
    Restricted Common Stock
   74




---



##### Table of Contents



Series B
    Convertible Preferred Stock
              Series C
    Convertible Preferred Stock
  pari passu
  Common
    Stock
   75




---



##### Table of Contents



Stockholder
    Rights Plan
        7.
    Elvis
    Presley Cirque du Soleil Show  Viva ELVIS
    Viva
    ELVIS
 76




---



##### Table of Contents



8.
    Comprehensive
    Income (Loss)    Year Ended


Year Ended


Year EndedDecember 31,


December 31,


December 31,2010


2009


2008Net income (loss)

$
(12,526
)

$
26,368


$
21,208Foreign currency translation adjustments


426



16,277



(64,677
)(12,100
)


42,645



(43,469
)Net income attributable to noncontrolling interests


(1,366
)


(1,782
)


(2,257
)Comprehensive income (loss)

$
(13,466
)

$
40,863


$
(45,726
)   Change
    in Functional Currency
  Foreign Currency Matters Form 10-Ks.
    9.
    Earnings
    Per Share/Common Shares Outstanding   77




---



##### Table of Contents



Year Ended December 31,2010


2009


2008Weighted average basic common shares outstanding (including
    redeemable restricted common stock)


92,907,981



93,298,778



96,674,706Incremental shares for assumed exercise of Series C
    preferred stock, restricted stock, warrants and stock options






38,905



9,671Weighted average diluted common shares outstanding (including
    redeemable restricted common stock)


92,907,981



93,337,683



96,684,377   10.
    Intangible
    Assets and Goodwill      IDOLS So You Think You Can Dance
   78




---



##### Table of Contents



Balance at





Balance atDecember 31,





December 31,2009


Impairment


2010Presley trademarks, publicity rights and other intellectual
    property

$
38,165


$



$
38,165Ali trademarks, publicity rights and other intellectual property


28,200



(16,500
)


11,700$
66,365


$
(16,500
)

$
49,865     WeightedAverageRemaining


Gross





NetUseful Life


Carrying


Accumulated


Carrying(In years)


Amount


Amortization


AmountPresley record, music publishing, film and video rights


9.1


$
28,900


$
(11,242
)

$
17,658Other Presley intangible assets


11.2



13,622



(7,812
)


5,81019 Entertainment IDOLS television programming, merchandising and
    sponsorship relationships


1.3



64,517



(52,798
)


11,71919 Entertainment other artist management, recording,
    merchandising, sponsorship and model relationships


1.6



17,954



(15,313
)


2,641MBST artist contracts, profit participation rights and other
    intangible assets


2.7



4,270



(3,827
)


443$
129,263


$
(90,992
)

$
38,271       Gross





NetCarrying


Accumulated


CarryingAmount


Amortization


AmountPresley record, music publishing, film and video rights

$
28,900


$
(9,298
)

$
19,602Other Presley intangible assets


13,622



(6,538
)


7,08419 Entertainment IDOLS television programming, merchandising and
    sponsorship relationships


64,517



(43,423
)


21,09419 Entertainment other artist management, recording,
    merchandising, sponsorship and model relationships


18,087



(13,387
)


4,700MBST artist contracts, profit participation rights and other
    intangible assets


4,270



(3,306
)


964$
129,396


$
(75,952
)

$
53,444    79




---



##### Table of Contents



Year Ending December 31,2011

$
13,8002012


5,8002013


3,1002014


2,9002015


2,100     Balance at





Balance atDecember 31,





December 31,2009


Impairments


2010Presley royalties and licensing

$
14,413


$



$
14,413Presley Graceland operations


10,166







10,16619 Entertainment


89,009



(2,214
)


86,795MBST


2,175



(2,175
)


Ali Business


1,110



(1,110
)


Total

$
116,873


$
(5,499
)

$
111,374   11.
    Debt         80




---



##### Table of Contents



Years Ending December 31,2011

$
100,5152012


131$
100,646   12.
    Stockholders
    Equity    NoncontrollingCKX, Inc.


Interests


TotalBalance at January 1, 2010

$
278,734


$
6,241


$
284,975Net income (loss)


(13,892
)


1,366



(12,526
)Distributions/distributions payable to noncontrolling interest
    shareholders






(1,700
)


(1,700
)Series B preferred dividends


(1,824
)






(1,824
)Other comprehensive income (loss)


426







426Non-cash compensation and other


3,419



(18
)


3,401Balance at December 31, 2010

$
266,863


$
5,889


$
272,752   NoncontrollingCKX, Inc.


Interests


TotalBalance at January 1, 2009

$
237,461


$
5,279


$
242,740Net income


24,586



1,782



26,368Distributions/distributions payable to noncontrolling interest
    shareholders






(2,600
)


(2,600
)Series B preferred dividends


(1,824
)






(1,824
)Other comprehensive income


16,277







16,277Purchase of 51% interest in business






1,813



1,813Non-cash compensation and other


2,234



(33
)


2,201Balance at December 31, 2009

$
278,734


$
6,241


$
284,975   13.
    Share-Based
    Payments   81




---



##### Table of Contents



Restricted
    Stock Grants
    Stock
    Option Grants
          2010


2009


2008Risk-free average interest rate


3.1
%


2.4
%


3.1
%Volatility


41.9
%


44.8
%


37.0
%Expected life (years)


6.5



6.5



6.5Dividend yield


0.0
%


0.0
%


0.0
%Weighted average grant date fair value

$
2.61


$
1.99


$
3.54    82




---



##### Table of Contents



2010


2009


2008Weighted





Weighted





WeightedAverage





Average





AverageOptions


Exercise Price


Options


Exercise Price


Options


Exercise PriceBalance outstanding at beginning of year


2,072,250


$
6.52



712,100


$
11.42



515,000


$
12.75Granted


1,296,500


$
5.61



1,412,000


$
4.19



223,500


$
8.28Exercised


(10,800
)

$
4.19



(1,500
)

$
4.19







Forfeited


(678,350
)

$
6.16



(50,350
)

$
10.59



(26,400
)

$
10.92Balance outstanding at end of year


2,679,600


$
6.18



2,072,250


$
6.52



712,100


$
11.42Balance exercisable at end of year


1,423,100


$
6.54Balance expected to vest in future years


1,150,566


$
5.96       14.
    Income
    Taxes    Year Ended


Year Ended


Year EndedDecember 31,


December 31,


December 31,2010


2009


2008(In thousands)Domestic operations

$
(39,017
)

$
(7,039
)

$
(4,785
)Foreign operations


24,772



48,189



37,902Income (loss) before income taxes and equity in earnings of
    affiliates

$
(14,245
)

$
41,150


$
33,117  83




---



##### Table of Contents



Year Ended


Year Ended


Year EndedDecember 31,


December 31,


December 31,2010


2009


2008(In thousands)Current provisionFederal

$
(1,727
)

$
423


$
9,369Foreign


8,555



9,636



17,509State


690



1,276



3,4757,518



11,335



30,353Deferred provision (benefit)Federal


(4,801
)


6,584



(10,226
)Foreign


(3,095
)


(3,376
)


(3,951
)State


(665
)


815



(1,746
)(8,561
)


4,023



(15,923
)Total income tax expense (benefit)

$
(1,043
)

$
15,358


$
14,430     Year Ended


Year Ended


Year EndedDecember 31,


December 31,


December 31,2010


2009


2008(In thousands)Income tax expense (benefit) at statutory federal rate

$
(4,986
)

$
14,402


$
11,591Effect of state and local income taxes


540



1,360



1,124Foreign earnings


5,627



6,261



13,558Foreign tax credits


(6,564
)


(7,597
)


(14,784
)Income taxed directly to noncontrolling interests


(470
)


(414
)


(314
)Transaction related costs






(794
)


(792
)Impairment charge


2,848



884



2,773Sale of business


805







Other permanently non-deductible related items


1,157



1,256



1,274Income tax expense (benefit)

$
(1,043
)

$
15,358


$
14,430      84




---



##### Table of Contents



December 31,


December 31,2010


2009(In thousands)Deferred income tax assets:CurrentInventory

$
298


$
338Accounts receivable


735



451Accrued expenses


1,343



304Other


101



225Current deferred income tax assets


2,477



1,318Non-currentForeign tax credits


22,944



23,827Property and equipment


2,549



1,012Deferred revenue


313



256Non-cash compensation


2,118



1,213Less: valuation allowance


(22,831
)


(20,569
)Non-current deferred income tax assets


5,093



5,739Total deferred income tax assets, net


7,570



7,057Deferred tax liabilities:Intangible assets


(9,817
)


(18,775
)Investment


(4,039
)


(3,484
)Unremitted earnings






(108
)Total deferred income tax liabilities


(13,856
)


(22,367
)Total deferred income tax assets (liabilities), net

$
(6,286
)

$
(15,310
)          85




---



##### Table of Contents



2010


2009


2008(In thousands)Balance at January 1

$
1,817


$
193


$
193Increases/(decreases) related to prior period positions


1,223



1,624



Increases/(decreases) related to current period positions










Decreases due to settlements with taxing authorities


(37
)






Decreases due to lapse of statute of limitations


(291
)






Balance at December 31

$
2,712


$
1,817


$
193       15.
    Segment
    Information       86




---



##### Table of Contents



Presley Business








CorporateRoyalties and


Graceland


19


Ali


andSegment Information

Licensing


Operations


Entertainment


Business


Other


Total(Amounts in thousands)Year ended December 31, 2010:Revenue

$
21,312


$
35,992


$
213,202


$
3,218


$



$
273,724Operating income (loss)

$
9,640


$
590


$
23,415


$
(15,900
)

$
(29,512
)

$
(11,767
)Depreciation and amortization

$
2,569


$
2,402


$
13,685


$
36


$
(5
)

$
18,687OIBDAN

$
12,261


$
5,720


$
42,429


$
1,745


$
(27,171
)

$
34,984Year ended December 31, 2009:Revenue

$
24,473


$
36,124


$
263,523


$
4,233


$



$
328,353Operating income (loss)

$
16,771


$
4,896


$
46,456


$
1,031


$
(24,977
)

$
44,177Depreciation and amortization

$
2,582


$
2,369


$
13,792


$
47


$
451


$
19,241OIBDAN

$
19,395


$
7,362


$
63,288


$
1,083


$
(23,621
)

$
67,507Year ended December 31, 2008:Revenue

$
18,186


$
36,713


$
229,201


$
4,028


$



$
288,128Operating income (loss)

$
7,870


$
3,875


$
66,668


$
(26,805
)

$
(14,668
)

$
36,940Depreciation and amortization

$
2,582


$
2,251


$
16,165


$
59


$
104


$
21,161OIBDAN

$
10,491


$
6,205


$
92,799


$
1,008


$
(13,787
)

$
96,716   Presley Business








CorporateRoyalties and


Graceland


19


Ali


andLicensing


Operations


Entertainment


Business


Other


Total(Amounts in thousands)Asset Information:Segment assets at December 31, 2010

$
96,703


$
71,295


$
158,727


$
13,739


$
120,369


$
460,833Segment assets at December 31, 2009

$
98,662


$
73,379


$
211,911


$
31,262


$
84,000


$
499,214Investment in affiliates at December 31, 2010

$
20,677


$



$



$



$



$
20,677Investment in affiliates at December 31, 2009

$
21,470


$



$
1,699


$



$



$
23,169Purchase of property and equipment for year ended
    December 31, 2010

$



$
2,702


$
832


$
5


$
32


$
3,571Purchase of property and equipment for year ended
    December 31, 2009

$
1,915


$



$
2,430


$



$
2,717


$
7,062Purchase of property and equipment for year ended
    December 31, 2008

$



$
4,562


$
3,223


$
4


$
49


$
7,838  87




---



##### Table of Contents



Year Ended


Year Ended


Year EndedDecember 31,


December 31,


December 31,2010


2009


2008(Amounts in thousands)OIBDAN

$
34,984


$
67,507


$
96,716Impairment charges


(24,637
)


(2,526
)


(35,661
)Depreciation and amortization


(18,687
)


(19,241
)


(21,161
)Non-cash compensation included in severance and other
    restructuring-related costs and executive separation costs


(1,849
)






Non-cash compensation


(1,578
)


(1,563
)


(2,954
)Interest income


202



308



1,778Interest expense


(2,680
)


(3,335
)


(5,601
)Equity in earnings of affiliates


676



576



2,521Income tax benefit (expense)


1,043



(15,358
)


(14,430
)Net income (loss)

$
(12,526
)

$
26,368


$
21,208       16.
    Commitments
    and Contingencies  Commitments
    Year Ending December 31,2011

$
3,3852012


3,0822013


2,1432014


1,4762015


267Thereafter


763$
11,116    88




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##### Table of Contents



Year Ending December 31,2011

$
16,0602012


12,0852013


3,0672014


1,5672015


83Thereafter


$
32,862   Redeemable
    Restricted Common Stock
      Ryan
    Seacrest Agreement
  American Idol American Idol American Idol
  American Idol
  Simon
    Fuller Transaction
   89




---



##### Table of Contents



Executive
    Separation Costs
    Television
    Development Agreement
    MBST
    Contingencies
    17.
    Related
    Party Transactions             90




---



##### Table of Contents



18.
    Retirement
    Plan    19.
    Unaudited
    Quarterly Financial Information     91




---



##### Table of Contents



So You Think You Can Dance
  First


Second


Third


FourthFor the Year Ended December 31, 2010

Quarter


Quarter


Quarter


Quarter


TotalRevenue

$
66,647


$
89,439


$
80,137


$
37,501


$
273,724Depreciation and amortization


5,143



5,172



4,068



4,304



18,687Impairment charges


4,853











19,784



24,637Provision for severance and other restructuring-related costs


6,118



3,794



8,253



1,126



19,291Executive separation costs






6,781



874







7,655Operating income (loss)


(3,290
)


9,095



1,530



(19,102
)


(11,767
)Income tax expense (benefit)(1)


636



884



2,654



(5,217
)


(1,043
)Equity in earnings of affiliates


(12
)


(62
)


339



411



676Net income (loss)


(4,755
)


7,619



(1,358
)


(14,032
)


(12,526
)Dividends on preferred stock


(456
)


(456
)


(456
)


(456
)


(1,824
)Net income (loss) available to CKX, Inc.


(5,211
)


7,163



(1,814
)


(14,488
)


(14,350
)Less: Net income attributable to noncontrolling interests


178



(592
)


(582
)


(370
)


(1,366
)Net income attributable to CKX, Inc.


(5,033
)


6,571



(2,396
)


(14,858
)


(15,716
)Basic income (loss) per common share

$
(0.05
)

$
0.07


$
(0.03
)

$
(0.16
)

$
(0.17
)Diluted income (loss) per common share

$
(0.05
)

$
0.07


$
(0.03
)

$
(0.16
)

$
(0.17
)Weighted average basic common shares outstanding


92,882,596



92,897,048



92,915,518



92,933,991



92,907,981Weighted average diluted common shares outstanding


92,882,596



92,901,151



92,915,518



92,933,991



92,907,981     (1)
    
    In preparing the 2010 tax provision, the Company identified $1.1
    million of additional tax expense relating to prior fiscal years
    that was recorded in the fourth quarter of 2010.  The impact of
    these adjustments was determined not to have a material impact
    on the current year fourth quarter, the current year and prior
    years reported consolidated financial statements. 92




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##### Table of Contents



First


Second


Third


FourthFor the Year Ended December 31, 2009

Quarter


Quarter


Quarter


Quarter


TotalRevenue

$
81,506


$
79,533


$
87,395


$
79,919


$
328,353Depreciation and amortization


4,438



4,560



5,033



5,210



19,241Impairment charges














2,526



2,526Other operating (income) expense


128



5,712



(1,697
)


(64
)


4,079Operating income (loss)


23,576



11,192



11,006



(1,597
)


44,177Income tax expense (benefit)


9,294



5,035



(1,781
)


2,810



15,358Equity in earnings of affiliates


62



(321
)


97



738



576Net income (loss)


13,397



5,030



12,240



(4,299
)


26,368Dividends on preferred stock


(456
)


(456
)


(456
)


(456
)


(1,824
)Net income (loss) available to CKX, Inc.


12,941



4,574



11,784



(4,755
)


24,544Less: Net income attributable to noncontrolling interests


(878
)


(566
)


(591
)


253



(1,782
)Net income attributable to CKX, Inc.


12,063



4,008



11,193



(4,502
)


22,762Basic income (loss) per common share

$
0.13


$
0.05


$
0.12


$
(0.05
)

$
0.24Diluted income (loss) per common share

$
0.13


$
0.05


$
0.12


$
(0.05
)

$
0.24Weighted average basic common shares outstanding


93,798,843



93,702,530



97,054,680



92,860,927



93,298,778Weighted average diluted common shares outstanding


93,954,400



93,702,531



97,060,937



92,926,738



93,337,683   20.
    Subsequent
    Events     93




---



##### Table of Contents



Item 9.
    Changes
    in and Disagreements With Accountants on Accounting and
    Financial Disclosure    Item 9A.
    Controls
    and Procedures  Disclosure
    Controls
    Rules 13a-15(e)
  Managements
    Annual Report on Internal Controls Over Financial
    Reporting
  Rules 13a-15(f)
          Form 10-K.
 94




---



##### Table of Contents



Rules 13a-15(f) 15d-15(f)
  Form 10-K.
  Changes
    in Internal Controls over Financial Reporting
    Item 9B.
    Other
    Information   PART III  Item 10.
    Directors,
    Executive Officers and Corporate Governance  Form 10-K
    Item 11.
    Executive
    Compensation  Form 10-K
  Item 12.
    Security
    Ownership of Certain Beneficial Owners and Management and
    Related Stockholder Matters  Form 10-K
  Item 13.
    Certain
    Relationships, Related Transactions, and Director
    Independence   95




---



##### Table of Contents



Form 10-K
  Item 14.
    Principal
    Accounting Fees and Services  Form 10-K
  PART IV  Item 15.
    Exhibits,
    Financial Statements and Schedule  Financial
    Statements
    Financial
    Statement Schedule
   96




---



##### Table of Contents



Financial
    Statement Schedule
  SCHEDULE II
  CKX,
    Inc.
  VALUATION
    AND QUALIFYING ACCOUNTS
 YEARS
    ENDED DECEMBER 31, 2010, 2009, AND 2008
  Balance at


Additions Charged


Additions ChargedBeginning of


(Credited) to Costs


(Credited) to





Balance atDescription

Period


and Expenses


Other Accounts


Deductions


End of Period(Dollars in thousands)2010Accounts receivableAllowance for doubtful accounts

$
742


$
448


$



$
(392
)

$
798Inventory allowance for obsolescence


661



38







(109
)


590Deferred taxes valuation allowance


20,569



809



1,453







22,8312009Accounts receivableAllowance for doubtful accounts

$
803


$
259


$



$
(320
)

$
742Inventory allowance for obsolescence


649



101







(89
)


661Deferred taxes valuation allowance


15,809



2,251



2,509







20,5692008Accounts receivableAllowance for doubtful accounts

$
832


$
814


$



$
(843
)

$
803Inventory allowance for obsolescence


627



114







(92
)


649Deferred taxes valuation allowance


23,116







(7,307
)






15,809  97




---



##### Table of Contents



Exhibits
    ExhibitNo.

Description3
.1

Certificate of Incorporation (Previously filed as
    Exhibit 3.1 to the
    Form 10-KSB
    filed March 31, 2005, and incorporated herein by reference).3
.2

Amended and Restated Bylaws (Previously filed as
    Exhibit 3.2 to the
    Form 10-Q
    for the quarterly period ended June 30, 2009, and
    incorporated herein by reference).4
.1

Registration Rights Agreement, dated February 7, 2005,
    between the Company and The Huff Alternative Fund, L.P. and the
    Huff Alternative Parallel Fund, L.P. (Previously filed as
    Exhibit 4.4 to the
    Form 8-K/A
    filed February 11, 2005, and incorporated herein by
    reference).4
.2

Registration Rights Agreement, dated February 7, 2005,
    between the Company and The Promenade Trust (Previously filed as
    Exhibit 4.5 to the
    Form 8-K/A
    filed February 11, 2005, and incorporated herein by
    reference).4
.3

Registration Rights Agreement, dated March 17, 2005, by and
    among the Company, Simon Robert Fuller and Fuller Nominees
    Limited (Previously filed as Exhibit 4.2 to the
    Form 10-QSB
    for the quarterly period ended March 31, 2005, and
    incorporated herein by reference).4
.4

Letter Agreement, dated June 6, 2005, among the Company,
    The Huff Alternative Fund, L.P. and The Huff Alternative
    Parallel Fund, L.P. (Previously filed as Exhibit 4.9 to
    Amendment No. 3 to
    Form S-1/A
    (Registration Statement
    No. 333-123995)
    filed June 21, 2005, and incorporated herein by reference).4
.5

Form of Promissory Term Note made on July 13, 2009, payable
    to Priscilla Presley (Previously filed as Exhibit 4.1 to
    the
    Form 10-Q
    for the quarterly period ended September 30, 2009, and
    incorporated herein by reference).4
.6

Rights Agreement, dated as of June 24, 2010,, between CKX,
    Inc. and Mellon Investor Services LLC, which includes the form
    of Right Certificate as Exhibit B and the Summary of Rights
    to Purchase Preferred Shares as Exhibit C (Previously filed
    as Exhibit 4.1 to the
    Form 8-K
    filed June 24, 2010, and incorporated herein by reference).4
.7

Amendment No. 1, dated as July 13, 2010, to the Rights
    Agreement, dated as of June 24, 2010, between CKX, Inc. and
    Mellon Investor Services LLC (Previously filed as
    Exhibit 4.1 to the
    Form 8-K
    filed July 13, 2010, and incorporated herein by reference).10
.1

Lease Agreement, dated as of February 7, 2005, by and
    between The Promenade Trust and the Company with respect to the
    Graceland property (Previously filed as Exhibit 10.9 to the
    Form 8-K/A
    filed February 11, 2005, and incorporated herein by
    reference).10
.2

Elvis Presley Enterprises, Inc. Shareholders Agreement, dated as
    of February 7, 2005 (Previously filed as Exhibit 10.10
    to the
    Form 8-K/A
    filed February 11, 2005, and incorporated herein by
    reference).10
.3

Amended and Restated Operating Agreement of Elvis Presley
    Enterprises, LLC, dated as of February 7, 2005 (Previously
    filed as Exhibit 10.11 to the
    Form 8-K/A
    filed February 11, 2005, and incorporated herein by
    reference).10
.4

Agreement for the sale and purchase of the entire issued share
    capital of 19 Entertainment Limited, dated March 17,
    2005, among Simon Robert Fuller, Fuller Nominees LTD, Ingenious
    Ventures LTD, the Company and CKX UK Holdings Limited
    (Previously filed as Exhibit 10.21 to the
    Form 10-QSB
    for the quarterly period ended March 31, 2005, and
    incorporated herein by reference). 98




---



##### Table of Contents



ExhibitNo.

Description10
.5

Agreement (the Fox Letter Agreement) between 19 TV
    Limited, FremantleMedia North America, Inc. and Fox Broadcasting
    Company, dated as of April 22, 2002 (Previously filed as
    Exhibit 10.15 to Amendment No. 3 to
    Form S-1/A
    (Registration Statement
    No. 333-123995)
    filed June 21, 2005, and incorporated herein by reference).10
.6

Letter Agreement, between Pearson Television Operations BV,
    (predecessor in interest to FremantleMedia North America, Inc.)
    and 19 TV Limited, dated July 6, 2001 (Previously filed as
    Exhibit 10.16 to Amendment No. 3 to
    Form S-1/A
    (Registration Statement
    No. 333-123995)
    filed June 21, 2005, and incorporated herein by reference).10
.7

Agreement (the SonyBMG Agreement), between 19
    Recordings Limited and Ronagold Limited, dated February 8,
    2002, as amended (Previously filed as Exhibit 10.17 to
    Amendment No. 3 to
    Form S-1/A
    (Registration Statement
    No. 333-123995)
    filed June 21, 2005, and incorporated herein by reference).10
.8

Agreement, between 19 TV Limited, FremantleMedia North America,
    Inc. and Fox Broadcasting Company, amending the Fox Letter
    Agreement, dated as of May 15, 2003 (Previously filed as
    Exhibit 10.23 to Amendment No. 3 to
    Form S-1/A
    (Registration Statement
    No. 333-123995)
    filed June 21, 2005, and incorporated herein by reference).10
.9

Letter Agreement between 19 Recordings Limited and Ronagold
    Limited, amending the SonyBMG Agreement, dated October 14,
    2004 (Previously filed as Exhibit 10.24 to Amendment
    No. 3 to
    Form S-1/A
    (Registration Statement
    No. 333-123995)
    filed June 21, 2005, and incorporated herein by reference).10
.10

Agreement among 19 Recordings Limited, 19 TV Limited, Simco
    Limited, CKX UK Holdings Limited, 19 Entertainment Limited and
    Sony BMG Music Entertainment (UK) Limited, dated
    November 28, 2005 (Previously filed as Exhibit 10.31
    to the
    Form 10-K
    filed March 14, 2006, and incorporated herein by reference).10
.11

Agreement between 19 Recordings Limited and Ronagold Limited,
    dated November 28, 2005, amending the terms of the SonyBMG
    Agreement (Previously filed as Exhibit 10.32 to the
    Form 10-K
    filed March 14, 2006, and incorporated herein by reference).10
.12

Binding Heads of Terms among Fox Broadcasting Company,
    FremantleMedia North America Inc. and 19 TV Limited
    regarding the American Idol television series (Previously
    filed as Exhibit 10.33 to the
    Form 10-K
    filed March 14, 2006, and incorporated herein by reference).10
.13

Amended and Restated Employment Agreement between the Company
    and Robert F.X. Sillerman (Previously filed as Exhibit 10.1
    to the
    Form 8-K
    filed January 7, 2009, and incorporated herein by
    reference).*10
.14

Separation and Consulting Agreement, dated as of May 22,
    2010, between the Company and Robert F.X. Sillerman (Previously
    filed as Exhibit 10.2 to the
    Form 8-K
    filed May 24, 2010, and incorporated herein by reference).*10
.15

Amended and Restated Employment Agreement between the Company
    and Mitchell J. Slater (Previously filed as Exhibit 10.2 to
    the
    Form 8-K
    filed January 7, 2009, and incorporated herein by
    reference).*10
.16

Consulting Agreement, dated as of February 8, 2010, between
    the Company and Mitchell J. Slater (Previously filed as
    Exhibit 10.3 to the
    Form 8-K
    filed March 15, 2010, and incorporated herein by
    reference).*10
.17

Employment Agreement, dated as of February 1, 2010, between
    the Company and Howard J. Tytel (Previously filed as
    Exhibit 10.1 to the
    Form 8-K
    filed March 15, 2010, and incorporated herein by
    reference).* 99




---



##### Table of Contents



ExhibitNo.

Description10
.18

Employment Agreement, dated as of February 1, 2010, between
    the Company and Thomas P. Benson (Previously filed as
    Exhibit 10.2 to the
    Form 8-K
    filed March 15, 2010, and incorporated herein by
    reference).*10
.19

Employment Agreement, dated as of May 6, 2010, between the
    Company and Michael G. Ferrel (Previously filed as
    Exhibit 10.1 to the
    Form 8-K
    filed June 16, 2010, and incorporated herein by reference).*10
.20

Amended and Restated Employment Agreement, dated as of
    October 13, 2010, by and between the Company and Kraig G.
    Fox (Previously filed as Exhibit 10.1 to the
    Form 8-K
    filed October 13, 2010, and incorporated herein by
    reference).*10
.21

Directors Service Agreement, dated March 17, 2005,
    between 19 Entertainment Limited and Simon Robert Fuller
    (Previously filed as Exhibit 10.19 to the
    Form 10-QSB
    for the quarterly period ended March 31, 2005, and
    incorporated herein by reference).*10
.22

Confidentiality, Non-Competition, Non-Solicitation, and
    Non-Recruitment Agreement, dated as of March 17, 2005, by
    and between Simon Robert Fuller, the Company and CKX UK Holdings
    Limited (Previously filed as Exhibit 10.20 to the
    Form 10-QSB
    for the quarterly period ended March 31, 2005, and
    incorporated herein by reference).*10
.23

Consultancy Deed, dated January 13, 2010, by and between 19
    Entertainment Limited and Simon R. Fuller (Previously filed as
    Exhibit 10.1 to the
    Form 8-K
    filed January 15, 2010, and incorporated herein by
    reference).*10
.24

Option Agreement, dated January 13, 2010, by and between
    CKX, Inc., Simon R. Fuller, and XIX Entertainment Limited
    (Previously filed as Exhibit 10.2 to the
    Form 8-K
    filed January 15, 2010, and incorporated herein by
    reference).*10
.25

Compromise Agreement, dated January 13, 2010, by and
    between CKX, Inc., 19 Entertainment Limited, and Simon R.
    Fuller (Previously filed as Exhibit 10.3 to the
    Form 8-K
    filed January 15, 2010, and incorporated herein by
    reference).*10
.26

Service Agreement, dated as of August 31, 2006, between 19
    Entertainment Limited and Robert Dodds (Previously filed as
    Exhibit 10.1 to the
    Form 8-K
    filed February 2, 2010, and incorporated herein by
    reference).*10
.27

Amendment to Service Agreement, dated as of January 29,
    2010, between 19 Entertainment Limited and Robert Dodds
    (Previously filed as Exhibit 10.2 to the
    Form 8-K
    filed February 2, 2010, and incorporated herein by
    reference).*10
.28

Compromise Agreement, dated September 29, 2010, by and
    between CKX, Inc., 19 Entertainment Limited, and Robert
    Dodds (Previously filed as Exhibit 10.1 to the
    Form 8-K
    filed October 5, 2010, and incorporated herein by
    reference).*10
.29

Revolving Credit Facility Commitment Letter, dated June 2,
    2005, among the Company, Bear, Stearns & Co. Inc.,
    Bear Stearns Corporate Lending Inc., Credit Suisse, Lehman
    Commercial Paper Inc. and The Bank of New York (Previously filed
    as Exhibit 10.29 to Amendment No. 2 to
    Form S-1/A
    (Registration Statement
    No. 333-123995)
    filed June 6, 2005, and incorporated herein by reference.10
.30

Revolving Credit Agreement, dated as of May 24, 2006, among
    the Company, the several banks and other financial institutions
    or entities from time to time parties thereto, Bear,
    Stearns & Co. Inc., as exclusive advisor, sole lead
    arranger and sole bookrunner, UBS Securities LLC and The Bank of
    New York, as co-syndication agents, Lehman Commercial Paper,
    Inc. and Credit Suisse, as codocumentation agents and Bear
    Stearns Corporate Lending Inc., as administrative agent
    (Previously filed as Exhibit 10.1 to the
    Form 10-Q
    for the quarterly period ended June 30, 2006, and
    incorporated herein by reference).10
.31

First Amendment and Waiver dated as of February 20, 2007 to
    the Credit Agreement, dated as of May 24, 2006 (Previously
    filed as Exhibit 10.3 to the
    form 10-Q
    for the quarterly period ended September 30, 2007 and
    incorporated herein by reference.). 100




---



##### Table of Contents



ExhibitNo.

Description10
.32

Second Amendment dated as of June 1, 2007 to the Credit
    Agreement, dated as of May 24, 2006 as amended
    February 20, 2007 (Previously filed as Exhibit 10.2 to
    the
    Form 10-Q
    for the quarterly period September 30, 2007 and
    incorporated herein by reference.)10
.33

Third Amendment dated as of September 27, 2007 to the
    Credit Agreement, dated as of May 24, 2006 as amended
    February 20, 2007 and June 1, 2007. (Previously filed
    as Exhibit 10.1 to the
    Form 10-Q
    for the quarterly period ended September 30, 2007 and
    incorporated herein by reference.)10
.34

Fourth Amendment dated as of March 12, 2010 to the Credit
    Agreement, dated as of May 24, 2006 as amended
    February 20, 2007, June 1, 2007 and September 27,
    2007 (Previously filed as Exhibit 10.1 to the
    Form 8-K
    filed March 16, 2010, and incorporated herein by reference).10
.35

Letter Agreement, dated April 10, 2006, among the Company,
    CKX G.O.A.T. Holding Corp. (formerly GOAT Acquisition, Inc.)
    Muhammad Ali Enterprises LLC (formerly G.O.A.T. LLC), G.O.A.T.,
    Inc. and Muhammad Ali and Yolanda E. Ali, each individually and
    as trustees of the Muhammad Ali Family Trust, and Yolanda E. Ali
    as trustee of the Yolanda E. Ali Family Trust, dated
    October 22, 2002 (Previously filed at Exhibit 10.2 to
    the
    Form 10-Q
    for the quarterly period ended June 30, 2006, and
    incorporated herein by reference).10
.36

Termination, Settlement and Release Agreement, dated
    March 9, 2009, by and among FX Luxury, LLC, FX Real Estate
    and Entertainment Inc., Elvis Presley Enterprises, Inc. and
    Muhammad Ali Enterprises LLC (Previously filed as
    Exhibit 10.32 to the
    Form 10-K
    filed March 10, 2009, and incorporated herein by reference).10
.37

Letter Agreement, dated July 7, 2009, by and between
    CKX,Inc. and Ryan Seacrest Enterprises, Inc. (Previously filed
    as Exhibit 10.1 to the
    Form 8-K
    filed July 13, 2009, and incorporated herein by reference).10
.38

Letter Agreement, dated July 7, 2009, by and between CKX,
    Inc. and The Ryan Seacrest Revocable Trust UDT dated
    June 13, 2003 (Previously filed as Exhibit 10.1 to the
    Form 8-K
    filed July 13, 2009, and incorporated herein by reference).10
.39

Consulting Agreement, dated as of February 7, 2005, by and
    between EPE Holding Corporation, Priscilla Presley and Elvis
    Presley Enterprises, Inc. (Filed herewith).*10
.40

Amendment to Consulting Agreement, dated as of July 12,
    2010, by and between EPE Holding Corporation, Priscilla Presley
    and Elvis Presley Enterprises, Inc. (Filed herewith).*14
.1

Code of Ethics (Previously filed as Exhibit 14.1 to the
    Form 8-K/A
    filed February 11, 2005, and incorporated herein by
    reference).21
.1

List of Subsidiaries (Filed herewith).23
.1

Consent of Deloitte & Touche LLP (Filed herewith).31
.1

Certification of Principal Executive Officer (Filed herewith).31
.2

Certification of Principal Financial Officer (Filed herewith).32
.1

Section 1350 Certification of Principal Executive Officer
    (Filed herewith).32
.2

Section 1350 Certification of Principal Financial Officer
    (Filed herewith).     *
    
    Indicates management contracts, compensatory plans or
    arrangements of the company required to be filed as an exhibit 101




---



##### Table of Contents



SIGNATURES
      BY:
    /s/  MICHAEL
    G. FERREL 
 Chief Executive Officer and
 Chairman of the Board
    Form 10-K
    By:

/s/  MICHAEL
    G. FERRELMichael
    G. Ferrel
    Chief Executive Officer and Chairman of the Board (Principal
    Executive Officer)

March 9, 2011By:

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

March 9, 2011By:

/s/  HOWARD
    J. TYTELHoward
    J. Tytel, Director

March 9, 2011By:

/s/  EDWIN
    M. BANKSEdwin
    M. Banks, Director

March 9, 2011By:

/s/  BRYAN
    BLOOMBryan
    Bloom, Director

March 9, 2011By:

/s/  KATHLEEN
    DOREKathleen
    Dore, Director

March 9, 2011By:

/s/  JACQUES
    D. KERRESTJacques
    D. Kerrest, Director

March 9, 2011By:

/s/  JACK
    LANGERJack
    Langer, Director

March 9, 2011By:

/s/  PRISCILLA
    PRESLEYPriscilla
    Presley, Director

March 9, 2011  102




---



##### Table of Contents



INDEX TO
    EXHIBITS
  ExhibitNo.

Description10
.39

Consulting Agreement, dated as of February 7, 2005, by and
    between EPE Holding Corporation, Priscilla Presley and Elvis
    Presley Enterprises, Inc.10
.40

Amendment to Consulting Agreement, dated as of July 12,
    2010, by and between EPE Holding Corporation, Priscilla Presley
    and Elvis Presley Enterprises, Inc.21
.1

List of Subsidiaries23
.1

Consent of Deloitte & Touche LLP31
.1

Certification of Principal Executive Officer31
.2

Certification of Principal Financial Officer32
.1

Section 1350 Certification of Principal Executive Officer32
.2

Section 1350 Certification of Principal Financial Officer  103