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This post is part of our feature on Money Losers of 2008. See all 20.

For decades, Axl Rose, the lead singer for Guns N' Roses, has shown nothing but contempt for his fans, his fellow musicians, the public. and women. He would cancel concerts for no apparent reason. In 1991, he walked off the stage during a show in Germany.

Rose, born William Bruce Rose, is not a stupid man. He knew that the public still clamored for Guns N' Roses. Its songs were mainstays of rock radio. People continued to buy the group's DVDs. So, Rose went to work on the band's sixth album called Chinese Democracy.

And work. And work.

Chinese Democracy attracted almost legendary status as a project that languished for about 15 years. That's almost three lifetimes in the music industry.

Some critics liked the Rose's creation that was recently released. Rolling Stone called Chinese Democracy a "great, audacious, unhinged and uncompromising hard-rock record." Fans were not as enthused.

Continue reading Money losers of 2008: Axl Rose tinkers with Chinese Democracy

Money losers of 2008: Axl Rose tinkers with Chinese Democracy originally appeared on BloggingStocks on Fri, 26 Dec 2008 17:40:00 EST. Please see our terms for use of feeds.

Permalink | Email this | Comments]]>AXL ROSEChinese Democracyfeaturedguns n rosesMoney Losers 2008William Bruce RoseFri, 26 Dec 2008 17:40:00 EST<![CDATA[Guns n' Roses delivers a flop to Best Buy]]>http://www.bloggingstocks.com/2008/12/16/guns-n-roses-delivers-a-flop-to-best-buy/http://www.bloggingstocks.com/2008/12/16/guns-n-roses-delivers-a-flop-to-best-buy/http://www.bloggingstocks.com/2008/12/16/guns-n-roses-delivers-a-flop-to-best-buy/#commentsFiled under: ,

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.

Guns n' Roses delivers a flop to Best Buy originally appeared on BloggingStocks on Tue, 16 Dec 2008 09:48:00 EST. Please see our terms for use of feeds.

Read | Permalink | Email this | Comments]]>Axl RoseAxlRoseBBYBest BuyBestBuychinese democracyChineseDemocracyGuns n RosesGunsNRosesinthenewsMusicTue, 16 Dec 2008 09:48:00 EST