• Home
  • Latest
  • Coins2Day 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia
LifestyleArts & Entertainment

Jim Stewart, co-founder of legendary Memphis record label Stax, dies at 92

By
Adrian Sainz
Adrian Sainz
and
The Associated Press
The Associated Press
Down Arrow Button Icon
By
Adrian Sainz
Adrian Sainz
and
The Associated Press
The Associated Press
Down Arrow Button Icon
December 6, 2022, 1:40 PM ET
Jim Stewart
Stax Records founder Jim Stewart, center, poses for a photo with friends and students of the Stax Music Academy on April 29, 2013 in Memphis, Tenn. AP Photos/Adrian Sainz, File

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.

Stewart died peacefully and surrounded by his family on Monday, the Stax Museum of American Soul Music said in a news release. A cause of death was not disclosed and funeral plans were pending.

Stewart was co-founder of Stax Records in Memphis, where, during an era of racial strife, white musicians and producers worked alongside Black singers, songwriters and instrumentalists to create the “Memphis sound” embodied by Otis Redding, Isaac Hayes, Booker T. And the M.G.s, Carla and Rufus Thomas, The Staple Singers, Wilson Pickett, Sam & Dave and many others.

Stax and its affiliated record labels released 300 albums and 800 singles between 1959 and 1975, according to the Rock and Roll Hall of Fame. Stax fostered a raw sound born from Black church music, the blues and rock ‘n’ roll. It featured strong rhythm sections, powerful horn players, and singers who could be sexy and soulful in one tune, and loud and forceful in another.

Before Stax went bankrupt in 1975, the recording studio in Memphis’ “Soulsville” neighborhood produced lasting hits such as Otis Redding’s “Dock of the Bay,” Eddie Floyd’s “Knock on Wood,” Sam & Dave’s “Hold On, I’m Comin’” and “Soul Man,” and “Green Onions” by Booker T. And the M.G.s.

“There was so much talent here, under circumstances that were almost considered impossible in Memphis, Tennessee, in 1960, with the racial situation here,” Stewart told The Associated Press 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.”

Stewart grew up on a farm in Middleton, Tennessee, before moving to Memphis to attend Memphis State University and joining a group called the Canyon Cowboys as a country music fiddler. He was recording country music in his wife’s uncle’s garage and working at a bank when he and his sister, Estelle Axton, founded the Satellite record label in 1957.

In 1961, after learning of a California label with the Satellite name, Stewart and Axton decided to combine the first two letters of their last names to create a new name, Stax. The pair moved the studio into an old movie theater on the corner of McLemore and College streets in Memphis.

Soon, young musicians from the neighborhood started hanging around, helping Stax build a house band that included organist Booker T. Jones, guitarist Steve Cropper, bassist Donald “Duck” Dunn and drummer Al Jackson Jr. — also known as Booker T. And the M.G.s.

Stewart said he turned Stax into a soul and R&B label after hearing Ray Charles sing “What’d I Say.”

“I was converted, immediately,” Stewart said. “I had never heard anything like that before. It allowed me to expand from country into R&B, into jazz, into gospel, wrapped all in one. That’s what Stax is.”

Booker T. And the M.G.s were racially mixed, as were the Memphis Horns, which backed many of Stax’s hits.

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.

The first tragedy to hit the label was the death of Otis Redding and four members of his backup band, the Bar-Kays, in a plane crash in 1967. Then the assassination of civil rights leader Martin Luther King Jr. In April 1968 in Memphis led to riots in the city.

In 1968, Stewart, Axton and Bell sold Stax to Gulf & Western in exchange for stock. Stewart and Bell repurchased the label in 1970.

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.

“He was hurt,” Axton told The Commercial Appeal for an Aug. 20, 1989, article on the history of Stax.

The studio was torn down in 1989. Since then, Stax has been rebuilt and reborn in the form of a museum, a music academy and a charter school.

Stewart, who mostly stayed out of the public eye after Stax stopped making music, was inducted into the Rock and Roll Hall of Fame in 2002.

In 2013, Stewart made a rare appearance at Stax, touring the museum before visiting with the teenage musicians who attend the Stax Music Academy. Stewart made a few other appearances at Stax after that, including in 2019 for a news conference to announce plans for the academy’s 20th anniversary.

“The music is still alive and that’s what’s great about it,” Stewart said during the 2013 tour. “I’m very proud of what they have done. It’s amazing to me.”

Our new weekly Impact Report newsletter will examine how ESG news and trends are shaping the roles and responsibilities of today's executives—and how they can best navigate those challenges. Subscribe here.

About the Authors
By Adrian Sainz
See full bioRight Arrow Button Icon
By The Associated Press
See full bioRight Arrow Button Icon

Latest in Lifestyle

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Coins2Day Editors
October 20, 2025
Rankings
  • 100 Best Companies
  • Coins2Day 500
  • Global 500
  • Coins2Day 500 Europe
  • Most Powerful Women
  • Future 50
  • World’s Most Admired Companies
  • See All Rankings
Sections
  • Finance
  • Leadership
  • Success
  • Tech
  • Asia
  • Europe
  • Environment
  • Coins2Day Crypto
  • Health
  • Retail
  • Lifestyle
  • Politics
  • Newsletters
  • Magazine
  • Features
  • Commentary
  • Mpw
  • CEO Initiative
  • Conferences
  • Personal Finance
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Coins2Day Brand Studio
  • Coins2Day Analytics
  • Coins2Day Conferences
  • Business Development
About Us
  • About Us
  • Editorial Calendar
  • Press Center
  • Work At Coins2Day
  • Diversity And Inclusion
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

© 2026 Coins2Day Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Coins2Day Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.


Most Popular

placeholder alt text
Economy
Right before Trump named Warsh to lead the Fed, Powell seemed to respond to some of his biggest complaints about the central bank
By Jason MaJanuary 30, 2026
24 hours ago
placeholder alt text
Economy
'I just don't have a good feeling about this': Top economist Claudia Sahm says the economy quietly shifted and everyone's now looking at the wrong alarm
By Eleanor PringleJanuary 31, 2026
9 hours ago
placeholder alt text
Politics
The American taxpayer spent nearly half a billion dollars deploying federal troops to U.S. cities in 2025, CBO finds
By Nick LichtenbergJanuary 28, 2026
3 days ago
placeholder alt text
AI
Top engineers at Anthropic, OpenAI say AI now writes 100% of their code—with big implications for the future of software development jobs
By Beatrice NolanJanuary 29, 2026
2 days ago
placeholder alt text
Big Tech
Microsoft’s $440 billion wipeout, and investors angry about OpenAI’s debt, explained
By Eva RoytburgJanuary 29, 2026
2 days ago
placeholder alt text
Asia
Trump’s Greenland play comes with Russia and China running circles around the US in the Arctic as expert sees ‘big game of catch-up’
By Tristan BoveJanuary 30, 2026
1 day ago

Latest in Lifestyle

o'hara
Arts & EntertainmentObituary
How Catherine O’Hara went from Gilda Radner’s understudy to cultural icon with her own language as Moira Rose
By Lindsey Bahr and The Associated PressJanuary 31, 2026
2 hours ago
phil
LawHolidays
‘But seriously, this is not a serious thing’: Groundhog Day made Punxsutawney famous but locals have perspective
By Mark Scolforo and The Associated PressJanuary 31, 2026
2 hours ago
Netflix
Big TechMarkets
Netflix may be turning into an ‘entertainment giant,’ but its stock looks like ‘dead money’ to investors
By Nick LichtenbergJanuary 31, 2026
4 hours ago
Gamestop
Big TechGameStop
Five years after the short squeeze, GameStop’s CEO is betting on a ‘genius or totally foolish’ $100 billion-plus acquisition
By Jake AngeloJanuary 30, 2026
22 hours ago
phone
Arts & EntertainmentSocial Media
Twenty-somethings discover nostalgia, throwing back to a carefree time before the ‘dark days’: 2016
By Pavan Mahal and The Associated PressJanuary 30, 2026
1 day ago
kermit
Arts & EntertainmentTV
The saga of the billion-dollar sock: The Muppets’ 50th birthday marks a long and profitable run
By Jared Bahir Browsh and The ConversationJanuary 29, 2026
2 days ago