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Later developments

Between 1977 and 1981, six of Presley's posthumously released singles were top-ten country hits. Graceland was opened to the public in 1982. Attracting over half a million visitors annually, it became the second-most-visited home in the United States, after the White House. The residence was declared a National Historic Landmark in 2006.

Presley has been inducted into five music halls of fame: the Rock and Roll Hall of Fame (1986), the Country Music Hall of Fame (1998), the Gospel Music Hall of Fame (2001), the Rockabilly Hall of Fame (2007), and the Memphis Music Hall of Fame (2012). In 1984, he received the W. C. Handy Award from the Blues Foundation and the Academy of Country Music 's first Golden Hat Award. In 1987, he received the American Music Awards ' Award of Merit.

A Junkie XL remix of Presley's " A Little Less Conversation " (credited as "Elvis Vs JXL") was used in a Nike advertising campaign during the 2002 FIFA World Cup. It topped the charts in over twenty countries and was included in a compilation of Presley's number-one hits, ELV1S, which was also an international success. The album returned Presley to the top of the Billboard chart for the first time in almost three decades.

In 2003, a remix of " Rubberneckin' ", a 1969 recording, topped the U.S. sales chart, as did a 50th-anniversary re-release of "That's All Right" the following year. The latter was an outright hit in Britain, debuting at number three on the pop chart; it also made the top ten in Canada. In 2005, another three reissued singles, "Jailhouse Rock", "One Night"/"I Got Stung", and "It's Now or Never", went to number one in the UK. They were part of a campaign that saw the re-release of all eighteen of Presley's previous chart-topping UK singles. The first, "All Shook Up", came with a collectors' box that made it ineligible to chart again; each of the other seventeen reissues hit the British top five.

In 2005, Forbes magazine named Presley the top-earning deceased celebrity for the fifth straight year, with a gross income of $45 million. He was placed second in 2006, returned to the top spot the next two years, and ranked fourth in 2009. The following year, he was ranked second, with his highest annual income ever—$60 million—spurred by the celebration of his 75th birthday and the launch of Cirque du Soleil 's Viva Elvis show in Las Vegas. In November 2010, Viva Elvis: The Album was released, setting his voice to newly recorded instrumental tracks. As of mid-2011, there were an estimated 15,000 licensed Presley products, and he was again the second-highest-earning deceased celebrity. Six years later, he ranked fourth with earnings of $35 million, up $8 million from 2016 due in part to the opening of a new entertainment complex, Elvis Presley's Memphis, and hotel, The Guest House at Graceland.

In 2018, RCA/ Legacy released Elvis Presley – Where No One Stands Alone, a new album focused on Presley' love of gospel music. Produced by Joel Weinshanker, Lisa Marie Presley and Andy Childs, the album introduced newly recorded instrumentation along with vocals from singers who had performed in the past with Elvis. It included a reimagined duet with Lisa Marie, on the album's title track.

In 2022, Baz Luhrmann 's film Elvis, a biographical film about Presley's life, was released. Presley is portrayed by Austin Butler and Parker by Tom Hanks. As of August 2022, the film had grossed $261.8 million worldwide on a $85 million budget, becoming the second-highest-grossing music biopic of all-time behind Bohemian Rhapsody (2018), and the fifth-highest-grossing Australian-produced film. For his portrayal of Presley, Butler won the Golden Globe and was nominated for the Oscar for Best Actor. In January 2023, his 1962 Lockheed 1329 JetStar sold at an auction for $260,000.