![]() ![]() The label began falling apart in 1965, filed for bankruptcy in May 1966 with 64 lawsuits in the air and was wound up in August 1966. A move from Chicago to Los Angeles in 1963 took Vee-Jay away from its core market and the pool from which it drew talent. When 1964 arrived, Vee-Jay found it had a licence to print money.īut bills weren’t paid. Along with Ifield, they got an unknown quantity called The Beatles. The prize then was yodelling popster Frank Ifield, whose “I Remember You” Vee-Jay got into the US Top 10. Two years later the company was bankrupt.” The reason for it flying so high in 1964 was a deal made in 1962 when the label began licensing material from Britain’s EMI. According to the book accompanying this 10-disc tribute to the Chicago independent label, “in one month alone in 1964 Vee-Jay records sold 2.6 million records.
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