It Was 36 Years Ago...
August 18, 2009 at 7:41 AM (PT)
Thirty-plus years after STAX RECORDS was dissolved through involuntary bankruptcy, THE NEW YORK TIMES sheds new light in an exclusive feature published in the Arts & Leisure section (8/16), the article recounts the heyday of STAX and how AL BELL built it into the second-largest black-owned business in the U.S.
"Its failure devastated not only those whom it sustained financially and artistically but also those who saw it as an inspiration," says the article. The story thoroughly encapsulates the racial issues that persisted in the city of MEMPHIS at that time, and notes how BELL experienced personal exoneration last month when he was named chairman of the MEMPHIS MUSIC FOUNDATION.
Check out the full article here.