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Post by SAT-I need more room!! on Nov 22, 2004 17:17:34 GMT -5
November 22, 1955 – RCA Victor makes its best investment ever: A&R man Steve Sholes signs Elvis Presley to the label. The deal is made at New York's Warwick Hotel and involves $40,000. $25,000 goes to Sun Records, $15,00 goes to Hi-Lo Music for Presley's song publishing and the rest is Elvis'.
Thanks to JP for providing me with this bit of history!
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