The story of Capricorn started with a young Phil Walden booking bands for surrounding fraternity parties. With an incredible passion for music, Walden really made it big when he discovered a band called Pat Tea Cake and the Mighty Panthers featuring Johnny Jenkins on guitar and Otis Redding as vocalist. As Walden and Redding grew closer, the idea of a record label flourished in their minds. Together they launched Redwal Music – Red for Redding and Wal for Walden.

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