Brian Epstein's contract with the Beatles goes on sale
The Times of Israel
In 1962, Epstein paid for the Beatles to record a demonstration tape at Decca's London studios, but Decca declined to sign the group to a contract. After then approaching nearly all of the major recording companies in London and being rejected, Epstein met a record producer, George Martin, who offered a contract on behalf of EMI's small Parlophone label. When Beatlemania swept the UK in 1963, Epstein allowed a significant business opportunity to pass when he was besieged by offers from merchandisers, as he had already given away 90% of the merchandising rights to Stramsact in the UK, and Seltaeb (Beatles spelt backwards), in the US
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