Stax Records is an American record label, originally based in Memphis, Tennessee.
Founded in 1957 as Satellite Records, the name Stax Records was adopted in 1961. The label was a major factor in the creation of the Southern soul and Memphis soul music styles, also releasing gospel, funk, jazz, and blues recordings. While Stax is renowned for its output of African-American music, the label was founded by two white businesspeople, Jim Stewart and his sister Estelle Axton (STewart/AXton = Stax) and featured several popular ethnically-integrated bands, including the label's house band, Booker T. & the M.G.'s.
Following the death of Stax's biggest star, Otis Redding, in 1967 and the severance of the label's distribution deal with Atlantic Records in 1968, Stax continued primarily under the supervision of a new co-owner, Al Bell. Over the next five years, Bell expanded the label's operations significantly, in order to compete with Stax's main rival, Motown Records in Detroit. During the mid-1970s, a number of factors, including a problematic distribution deal with CBS Records, caused the label to slide into insolvency, resulting in its forced closure in late 1975.
In 1977, Fantasy...
FULL ARTICLE AT WIKIPEDIA.ORG