Stax Records of Memphis comes in at Number 14 with a bullet on Blender.com’s list of the 20 Biggest Record Company Screw-Ups of All Time. Seems that the famous Memphis-based record company signed a contract with Atlantic records and didn’t read the fine print.
I had always assumed that the holder of the Number One goof-up designation was the idiot at Decca Records who infamously turned down the Beatles in the early 1960s, but this article asserts that the worse mistake the record companies made was putting Napster out of business. I have to agree. Details here.
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