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On May 15, 2004, Trading Yesterday held a CD release party for The Beauty and the Tragedy, a demo album recorded in Hodges ' apartment.
The demo sold out in a matter of months and attracted the attention of Epic Records, resulting in the band's move to Los Angeles, California to begin work in their major label debut.
By November, studio work on the album was complete and final string arrangements were recorded in December.
After the sudden and premature ending of Trading Yesterday's contract with Epic Records prior to the album's release, More Than This was shelved.
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