| Stax
Records was founded in 1957 as Satellite Records, renamed to
Stax in 1961.
The label was a major factor in the creation of the Southern
soul and Memphis soul music styles.
Stax Records went bankrupt in 1975.
By June 1977, all Stax assets, including all masters, completed
and unfinished recordings, together with all the contracts,
were purchased by a group which licensed Fantasy Records to
handle all Stax products. |