Chicago-based VeeJay was one of the earliest and most successful R&B labels, beating Motown by at least five years. Licensing the Beatles was part of an expansion scheme to grow beyond the R&B base of the company, but it backfired once they lost the licensing, and it went out of business in 1966.
Chicago-based VeeJay was one of the earliest and most successful R&B labels, beating Motown by at least five years. Licensing the Beatles was part of an expansion scheme to grow beyond the R&B base of the company, but it backfired once they lost the licensing, and it went out of business in 1966.
A very expensive gamble. They were initially pretty smart by releasing the second version of this album but ultimately cost them big time.