Epstein began negotiations with record labels for a recording contract. To secure a UK record contract, Epstein negotiated an early end to the band's contract with Polydor, in exchange for more recordings backing Tony Sheridan. After a New Year's Day audition, Decca Records rejected the band, saying, "Guitar groups are on the way out, Mr. Epstein." However, three months later, producer George Martin signed the Beatles to EMI's Parlophone label.