Sam Phillips the first investors in Holiday Inn, a motel chain that was about to expand to a nationwide franchise; he became involved with the chain shortly after selling Elvis Presley's contract to RCA, for $35,000, which he multiplied many times over the years with Holiday Inn. He also created two subsidiary recording labels, Phillips International Records and Holiday Inn Records. He owned the Sun Studio Café in Memphis. One location was in the Mall of Memphis. Phillips and his family founded Big River Broadcasting Corporation, which owns and operates several radio stations in the Florence, Alabama, area, including WQLT-FM, WSBM, and
Phillips' Sound Recording Services with the band wearing scarves. Hanton also mentioned the cold weather in interviews, and before recording, Lennon suggested that Hanton put his scarf over the snare drum to lower the volume, which supports the earlier date. The group were surprised to see how small and technically basic the studio was, with only one microphone in the centre of the room. Phillips demanded that they pay for the recording before they set up the equipment, so each member paid 3 shillings and 6 pence, but he then asked for an extra surcharge (£1) to cover the cost of transferring the tape