RCA purchased Elvis Presley's contract from Sam Phillips and Sun Studio for $35,000 which, at the time, made it the largest amount ever paid by a record label for a contract. Even Elvis, Phillips, and Sun were always on the brink of debt because Phillips didn't have the means necessary to cut records at a cost and pace as a larger record company. The $35,000 was a financial windfall that kept Sun in business for years and helped Phillips launch other notable Sun stars like Johnny Cash, Roy Orbison, Carl Perkins, Jerry Lee Lewis, and others. Today, like Graceland, Sun Studio remains open in Memphis, Tennessee as a national landmark.
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05-03-2025 alle ore 09:05
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