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
Power Station (recording studio) The complex was renamed Avatar Studios (under the Avatar Entertainment Corporation) in May 1996. In 2017, the studios were renamed back to Power Station, by special arrangement with BerkleeNYC. Major acts who have recorded there include the band Power Station which was named after the studio itself, Sting's 2016 album "57th & 9th" is named for the intersection he crossed every day to get to Avatar Studios where much of the album was recorded. Power Station (recording studio) Power Station at BerkleeNYC, formerly known as Avatar Studios is a recording studio at 441 West 53rd Street between Ninth and Tenth