RCA Records signs Elvis Presley after buying out his Sun Records contract 70 years ago today (Nov 21 1955)

1950s, Elvis Presley, Popular Music 1950s


Video: 'Elvis Presley and Heartbreak Hotel & Elvis signs with RCA Records | Elvis Presley 1955'

(Monday, November 21, 1955) — RCA Records purchased the contract, singles and released masters of 20-year-old Elvis Presley today from Sam Phillips of Sun Records for an unprecedented sum of $40,000 ($35,000 to Sun and a $5,000 bonus to Presley).