As usual the facts are presented wrong in the clip; around 0:11 is shown Elvis got $1.1 million net.
According to the contract (12 january 1968) Elvis got:
$ 250.000 for the Christmas special;
$ 850.000 for a feature film;
$ 25.000 for his music in the special.
William Morris Agency got 10%; Colonel Parker got 25%. A part of the costs were paid by J. Walther Thompson (advertisements) for the Singer Sewing Machines Company. Exploitation costs like promotion - calendars-photos-personal-posters-telephone-travel were paid by All Star Promotions. Any balance after paying costs were split into 50/50 for Elvis and the Colonel.