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In this clip, Stax Records owner Jim Stewart discusses one of the most infamous contract blunders in history. Shortly after the tragic death of Otis Redding, the record label was dealt another below. During negotiations with Atlantic Records for a new distribution deal, Stax owner Jim Stewart realized he had signed all of the labels […]
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Memphis, Tennessee based record label Stax was forced into bankruptcy today (December 19, 1975). Stax was forced into bankruptcy not because of its roster, or poor sales, but due to a restrictive distribution deal with CBS Records. In 1972, Stax President/owner Al Bell entered into a distribution agreement with CBS Records and it’s then head, […]
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Over 100,000 People Attended The WattStax Concert At The Los Angeles Coliseum
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