Guns n' Roses long-awaited "Chinese Democracy" album has been a flop, sticking Best Buy (NASDAQ: BBY) with hundreds of thousands of unsold copies that "seem destined for the bargain bin", according (subscription required) to the Wall Street Journal.In the first two weeks, the CD has sold 318,000 copies. Problem: Best Buy bought 1.3 million copies up-front.
But with 1.3 million copies sold up-front to the exclusive retailer, Axl Rose may not have seen a need to go and promote the album aggressively. He reportedly declined interviews with Rolling Stone and The New York Times. Best Buy agreed not to return any CDs, so Interscope is off the hook as well.
An insider at Interscope, the band's label told The Sun that he thinks the album would have done much better if Rose was prepared to do some promotion, especially since he worked 15 years on the album.
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Reader Comments (Page 1 of 1)
12-16-2008 @ 11:16AM
bret said...
Axl is a TRUE idiot. He should call his band 'Douchebag' because it's NOT Guns-N-Roses.
12-16-2008 @ 11:49AM
freddybee said...
Even back when they were good, he wasn't really that good.
12-16-2008 @ 11:49AM
ghostfly70 said...
The TRUTH is Best Buy has been hit especially hard by the credit crisis with a 77% drop in its third qtr profits this year compared to last. When people arent getting or using credit theres no reason to go to a luxury type, credit based electronics store. best buy was a HORRIBLE business decision to sell the best album of the year at exclusively. had this been a Target or wal mart exclusive the sales wouldve been through the roof.
12-17-2008 @ 9:02AM
DP said...
did anyone really think, anyone gave a crud about GnR anymore? Well, maybe it were actually GnR, not Axel Rose and freinds.
12-19-2008 @ 3:53PM
Tracii Guns said...
Guns & Roses hasn't been Guns & Roses since before their first album was released. Axl (Rose) pissed off co-founder Tracii Guns (hence the name, Guns & Roses, not "Axl & Roses"), who went back to his original band "L.A. Guns" (who'd given Axl his break when lead singer Michael Jagosz went to prison).