Stax's 2 Mil. Meeting – Gets Fountain Distrib
MEMPHIS – The Stax complex of labels (Stax/Volt/Hip) racked up sales in excess of $2 million for the 27 albums and 30 singles previewed at its distributor-sales meeting here. In addition, Jim Stewart, president of Stax Records, a division of Paramount Pictures, revealed that the firm has taken over distribution of Fountain Record Co. of Chicago.
The Fountain Record Co. is owned by singer Jerry Butler and Clavin Carter. According to Stewart, Butler and Carter will produce the records and Stax will distribute them.
Included in the album releases are Booker T. and the MG's, Eddie Floyd, Johnnie Taylor, John Lee Hooker, William Bell, Albert King, the Staple Singers, the Soul Children, Carla Thomas, Steve Cropper, Pop Staples, Ollie and the Nightingales, Rufus Thomas, the Mar-keys, J. J. Barnes and Steve Mancha, Darrell Banks, the Bar-Kays, Mad Lads, the Emotions and Isaac Hayes.
More than 200 members of the press attended the meeting that included a tour of Stax Record Co., and a dinner-show by Rufus Thomas, the Bar-Kays, Eddie Floyd, Johnnie Taylor, Carla Thomas, the Knowbody Else, Booker T. and the MG's, and the Staple Singers.