When it comes to business disasters, Decca Records made one of the most famous bad business decisions of all time. In 1962, The Beatles auditioned for a record deal and the record company turned them down. One of the executives was quoted to say: “…we don’t like your boys’ sound. Groups are out; four-piece groups with guitars particularly are finished…The Beatles have no future in show business.” Decca Records was once one of the largest record labels ever. Today, Universal Music Group owns all of the maters to Decca Records.
9 Worst Business Decisions Ever Made
5. Decca Records.