Jim Stewart, co-founder of Stax Records in Memphis, dies

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Jim Stewart, co-founder of Stax Records in Memphis, dies
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Jim Stewart, the white Tennessee farm boy and fiddle player who co-founded the influential Stax Records with his sister in a Black, inner-city Memphis neighborhood and helped build the soulful 'Memphis sound,' has died at age 92.

during an interview in May 2013 — his first interview in at least 15 years. “It was a sanctuary for all of us to get away from the outside world.”

Stax signed a distribution deal with Atlantic Records and brought in the songwriting team of Isaac Hayes and David Porter. Stewart also hired Al Bell as Stax’s national sales director, and the label continued growing and producing more hits, such as “Who’s Making Love” by Johnny Taylor. Stax saw a few more successes in the early 1970s, including the release of The Staple Singers’ “I’ll Take You There” and the Wattstax concert in Los Angeles in 1972. But cash flow started to slow down, bills stopped being paid and lawsuits were filed.Stewart sold his share of Stax to Al Bell in 1972. Three creditors forced Stax into involuntary bankruptcy in 1975, marking the death of Stewart’s brainchild.

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