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Estelle Axton was the co-founder, with her brother Jim Stewart, of Stax Records.
Born in Middleton, Tennessee, Estelle Stewart grew up on a farm. She moved to Memphis as a school teacher, married Everett Axton, and was working in a bank when, in 1958, her brother Jim Stewart asked for help to develop Satellite Records, which he had set up to issue recordings of local country and rockabilly artists. She convinced her husband that they should remortgage their house and, in 1959, joined Satellite as an equal partner. The following year, Axton and Stewart turned the Capitol Theatre, in a black Memphis neighbourhood, into a recording studio and record shop, and began making hit records with predominantly black artists.
Satellite was forced to change its name after it was discovered that a Los Angeles label already owned the title, and it changed its name to Stax, taking its name from Axton and Stewart's surnames. Axton was actively involved with selecting and developing the artists on the label, who included Rufus Thomas, Otis Redding, Booker T & the MGs, and Isaac Hayes.
She sold her interest in the company in 1970. After the non-compete agreement expired, Axton formed Fretone Records whose biggest hit, "Disco Duck" by Rick Dees was licensed for distribution to RSO Records.
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