Simplify the following text for a Grade 8 native English-speaking person.
Original: In 1962 Shearston signed with Leedon Records and the following year he was signed to the Australian division of CBS Records by A&R manager Sven Libaek .
Simplified: In 1962 Shearston signed a recording contract with Leedon . The next year Leedon 's distributor , Festival , signed him to CBS .