It's November twentieth, and on this day in 1955… RCA Victor officially purchased Elvis Presley’s contract from Sun Records for \$25,000. The deal marked a turning point not only in Elvis’s career but in the history of popular music. With this acquisition, Elvis moved from a regional rockabilly upstart to a national phenomenon poised to change the sound of American radio. The contract also ensured that future hits like “Heartbreak Hotel” would be recorded and distributed by a major label with the power to amplify his reach—and his legend.