The Platters
Coming off the success of "Earth Angel", the Penguins approached Buck Ram to manage them. Ram's primary interest was in managing The Platters, who at that point had no hit singles, but were a profitable touring group. With the Penguins in hand, Ram was able to swing a 2-for-1 deal with Mercury Records, in which the company agreed to take on the Platters as a condition for getting the Penguins (the group that Mercury really wanted). The Platters became the label's more successful act, the Penguins never scoring another hit single.