DEFA14A

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): July 9, 2007

CKX, INC.

(Exact name of registrant as specified in charter)

Delaware	0-17436	27-0118168
(State or other jurisdiction	(Commission	(I.R.S. Employer
of incorporation)	File Number)	Identification No.)
	650 Madison Avenue	10022
	New York, New York	(Zip Code)
	(Address of principal
	executive offices)

Registrant’s telephone number, including area code: (212) 838-3100

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

þ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01 Other Events

On July 9, 2007, CKX, Inc., a Delaware corporation (“CKX” or the “Company”), announced that its affiliate, FX Luxury Realty LLC, a Delaware limited liability company engaged in the ownership and development of real estate-based projects (“FXLR”), acquired the 50 percent it did not own of the Park Central property, a 17.7 acre lot located on Las Vegas Boulevard in Las Vegas, Nevada. As a result of this purchase, FXLR now owns 100 percent of the Park Central property. The total consideration paid by FXLR for the remaining 50 percent interest in the Park Central property was $180 million, which was paid in cash from borrowings and cash on hand. FXLR has previously announced its plans to pursue a retail, hotel, casino, commercial and residential development project on the Park Central property.

On June 1, 2007, CKX acquired 50 percent of FXLR for cash consideration of $100 million. CKX subsequently declared and transferred into trust for its stockholders a dividend consisting of 25 percent of the common equity interests, on a fully diluted basis, in the business of FXLR (the “FXLR Shares”). The transfer of the FXLR Shares to the trusts was irrevocable and neither CKX nor its creditors have any control over or continuing interest in such shares. The agreements governing the trusts provide that the FXLR Shares will be distributed to CKX stockholders of record on the record date, which will be 10 days following the date on which a registration statement with respect to the shares is declared effective by the Securities and Exchange Commission. CKX stockholders are expected to receive the FXLR Shares approximately 10 days following the record date.

The distribution of the FXLR Shares to CKX’s stockholders is intended to give CKX stockholders a continuing interest in the exploitation of CKX’s Elvis Presley and Muhammad Ali assets, notwithstanding the proposed sale of the Company, through FXLR’s proposed development of Elvis Presley- and Muhammad Ali-themed real estate projects under license agreements entered into between FXLR and CKX’s subsidiaries, Elvis Presley Enterprises and Muhammad Ali Enterprises.

Flag Luxury Properties LLC, a real estate development company and an affiliate of Mr. Sillerman, owns the other 50 percent of FXLR and is currently the managing member of FXLR. CKX has the option to become the managing member of FXLR and intends to exercise its option to become the managing member of FXLR.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.	Description
99.1	Press Release dated July 9, 2007.

SIGNATURES

     Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

CKX, INC.
By:	/s/ Howard J. Tytel
Name:		Howard J. Tytel
Title:		Senior Executive Vice President

DATE: July 9, 2007

INDEX TO EXHIBITS

Exhibit No.	Description
99.1	Press Release dated July 9, 2007.

EX-99.1

Exhibit 99.1

CKX’S AFFILIATE, FX LUXURY REALTY, ACQUIRES
REMAINING 50% OF PARK CENTRAL PROPERTY IN
LAS VEGAS, NOW HAS COMPLETE OWNERSHIP

New York, New York — July 9, 2007 — CKX, Inc. (NASDAQ: CKXE) announced today that FX Luxury Realty LLC has acquired the 50 percent it did not own of the Park Central property, a 17.7-acre lot located on Las Vegas Boulevard in Las Vegas, Nevada. As a result of this purchase, FX Luxury now owns 100 percent of the Park Central property. The purchase was completed on the previously disclosed terms, with the $180 million total consideration paid in cash from borrowings and cash on hand. FX Luxury Realty has previously announced its plans to pursue a retail, hotel, casino, commercial and residential development project on the Las Vegas property.

For more detailed information please see CKX’s Current Report on Form 8-K, which was filed today and may be obtained at the Company’s website at www.ckx.com as well as at the SEC’s web site at www.sec.gov.

A registration statement relating to FX Luxury securities will be filed with the Securities and Exchange Commission. These securities may not be sold, nor may offers to buy be accepted, prior to the time the registration statement becomes effective. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor will there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state.

About CKX, Inc.

CKX, Inc. is engaged in the ownership, development and commercial utilization of entertainment content. To date, the Company has focused on acquiring globally recognized entertainment content and related assets, including the rights to the name, image and likeness of Elvis Presley; the operations of Graceland; the rights to the name, image and likeness of Muhammad Ali; and proprietary rights to the IDOLS television brand, including the American Idol series in the United States and local adaptations of the IDOLS television show format which, collectively, air in over 100 countries around the world. On June 1, 2007, CKX entered into a merger agreement with 19X, Inc., a private company owned and controlled by Robert F.X. Sillerman, Chairman and Chief Executive Officer of CKX, and Simon R. Fuller, a director of CKX and the Chief Executive Officer of 19 Entertainment Limited, a wholly- owned subsidiary of CKX, that will result in the sale of CKX to 19X at a price of $13.75 per share in cash. The merger agreement also requires CKX to distribute half of its ownership interest in FX Luxury Realty LLC to its stockholders. On June 18, 2007, CKX distributed that half of its FX Luxury equity into trusts for the benefit of its stockholders, which equity will be paid to CKX stockholders shortly following registration of such shares with the Securities and Exchange

Commission. For more information about CKX, Inc., visit its corporate website at www.ckx.com.

About FX Luxury

FX Luxury owns, through its wholly owned subsidiaries, 17.72 contiguous acres of land located at the corner of Harmon Avenue and Las Vegas Boulevard in Las Vegas, Nevada, (the “Park Central Property”). FX Luxury intends to pursue a retail, hotel, commercial and residential development project on the Park Central Property. In addition, FX Luxury will pursue similar real estate and attraction-based projects throughout the world, including the development of one or more hotels nearby or contiguous to the Graceland property in Memphis, Tennessee.

In addition to its interest in the Park Central Properties and its plans with respect to a Graceland-based hotel, FX Luxury directly and through subsidiaries, holds 836,588 shares of common stock, par value $0.0001 per share in Riviera Holdings Corporation (Amex: RIV), a company that owns and operates the Riviera Hotel & Casino in Las Vegas, Nevada, as well as a 50 percent-economic interest in an option to acquire an additional 1,147,550 Riviera shares at a price of $23 per share. On May 16, 2007, Riviera Acquisitions Holdings, a 57 percent-owned subsidiary of FX Luxury, made an offer to acquire the remaining outstanding shares of Riviera at a price of $34 per share. The closing price of Riviera shares on the American Stock Exchange on July 6, 2007, was $36.01 per share.

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