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
Recording studio enhanced the sound of the recording. In this period large, acoustically "live" halls were favored, rather than the acoustically "dead" booths and studio rooms that became common after the 1960s. Because of the limits of the recording technology, which did not allow for multitrack recording techniques, studios of the mid-20th century were designed around the concept of grouping musicians (e.g., the rhythm section or a horn section) and singers (e.g., a group of backup singers), rather than separating them, and placing the performers and the microphones strategically to capture the complex acoustic and harmonic interplay that emerged during the performance.