Due to financial difficulties caused by upper management appropriating profits for personal debts, the label went bankrupt in 1966. Over the years, Vee-Jay has surfaced several times with its primary purpose of leasing its masters to other labels for release. For a brief period in the 1980s, it was operational as a disco and R&B label, but was unsuccessful in this venture. This last summer, the Concord Music Group acquired the Vee-Jay catalog.
To begin our fourth week label feature, our initial selection was released five times by Vee-Jay and its subsidiaries. The original release of Jerry Butler and The Impressions’ “For Your Precious Love” was appeared on the Vee-Jay label in June 1958. Fearing that radio would pass on the release because it was on a label known for R&B artists, Vee-Jay released the single on their Falcon Records subsidiary in July 1958.
When Vee-Jay become aware of another label named Falcon, the subsidiary’s name was changed to Abner Records, which was named for Vee-Jay’s president Ewart Abner. “For Your Precious Love” did extremely well and cracked the Top 40 charts and peaked at #11. It also charted at #3 on the R&B charts. During summer 1961, Vee-Jay re-released the single; however, it failed to chart.