Bailout the music industry, GNR

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David Matz

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Looks like it is a definite stinker from GNR. It was supposed to album of the year.


WSJ article from earlier this week:





"Chinese Democracy," the notoriously long-in-coming Guns N' Roses album, hasn't turned out to be the big hit that Best Buy Co. expected when it scored the exclusive rights to sell the CD in the United States.
That's bad news for the nation's biggest electronics chain by sales, which paid millions of dollars up front for 1.3 million copies of an album that has sold just 318,000 copies in the U.S. during its first two weeks in stores -- and looks destined for bargain bins.
Despite considerable curiosity about singer W. Axl Rose's marathon production -- which took well over a decade, prompting the makers of Dr Pepper to declare that if the album ever came out, they would give a soft drink to every consumer in America -- "Chinese Democracy" entered the Billboard charts in third place after being released Nov. 23. Then sales plunged 78% in the second week, to just 57,000, according to Nielsen Soundscan.
The disappointing performance of "Chinese Democracy," which was distributed by Universal Music's Interscope Geffen A&M label group, comes at a tough time for Best Buy. The Richfield, Minn., company recently warned that sales for the last third of its fiscal year ending Feb. 28 could fall 5% to 15% from a year earlier. The company is expected to post lower quarterly earnings Tuesday.
Best Buy declined to discuss "Chinese Democracy." In an interview before the album's debut, Gary Arnold, the retailer's senior entertainment officer, predicted it would be the rock record of the year.
Reached for comment, Guns N' Roses manager Irving Azoff predicted the album would ultimately sell well, adding: "The race is far from over."
The album's poor showing contrasts with the success of AC/DC's "Black Ice," which is sold exclusively in the U.S. by Wal-Mart Stores Inc. "Black Ice" made its debut at No. 1 on the Billboard album charts after it was released by Columbia Records in October; it has sold about 1.6 million copies in the U.S., with about six million copies shipped world-wide.
Whereas Best Buy backed "Chinese Democracy" with a marketing campaign centered solely on the album, Wal-Mart saw "Black Ice" as a way to sell more than music. The company hawked AC/DC T-shirts and an exclusive AC/DC version of MTV Networks' Rock Band videogame.
"As we looked at AC/DC's loyal fan base, that's when this idea came about: How do we pull in the music with other things?" Gary Severson, Wal-Mart's senior vice president for entertainment and electronics, said in an interview. "Some artists allow you that opportunity."
AC/DC has served as a youth icon for decades. It came into the release of "Black Ice" with the most popular back catalog of any band other than the Beatles, even though its music isn't available through download services such as Apple Inc.'s iTunes Store.
Columbia Records Chairman Steve Barnett said the Sony Corp.-owned label began the marketing groundwork for "Black Ice" before AC/DC was in the studio, mindful of the band's lasting power. "Almost every avenue to connect with youth culture in America, we took," Mr. Barnett said in an interview.
"Chinese Democracy" generated its share of publicity, thanks in part to the negative reaction Mr. Rose's album title elicited from the Chinese government. But while AC/DC did its part to ensure its album's success -- it granted dozens of magazine interviews, and 50-something guitarist Angus Young put on his iconic schoolboy outfit for another world tour -- Mr. Rose went AWOL.
The reclusive singer declined interviews with Rolling Stone and the New York Times, according to people familiar with the matter. He also didn't complete a music video in time to promote "Chinese Democracy," which diminished Interscope's ability to advertise the album online and on television, and undercut Best Buy's ability to promote it on monitors in stores.
Nonetheless, Interscope is unlikely to be hurt by the sales because Best Buy agreed not to return any of the 1.3 million discs it bought. Interscope and Universal Music are owned by Vivendi SA of France.
During a question-and-answer session on a fan Web site last week, Mr. Rose remarked that "it very well could be true" when a questioner suggested his detachment was hurting sales. But, he added, "What I have to say a lot of people have no desire to hear."
While "Chinese Democracy" has failed to catch on with radio stations, Mr. Rose's record company is betting on a heavy rotation of another sort to boost sales. Two cuts from the album were included in "StripJoints," a CD compilation packaged with Exotic Dancer magazine that went out to 2,500 sexually oriented clubs.
"It's always nice to present music to people when they're having a good time," said Bob Chiappardi, chief executive of Concrete Marketing, which was hired for the strip-club promotion. "It's all about association."
 
"Chinese Democracy," the notoriously long-in-coming Guns N' Roses album, hasn't turned out to be the big hit that Best Buy Co. expected when it scored the exclusive rights to sell the CD in the United States.

Sorry about the thread jack, but what is it with record companies and exclusive selling rights (at least in the US)? I can't think of a single reason why anyone would be interested in it. *Shrug*
 
I don't know, I thought the GNR record was way more interesting than AC/DC's record and I like both bands.

And the LP version of Chinese Democracy is definitely audiophile quality...

I love AC/DC and have been going to see them since the early Bon Scott days, but the current record isn't any different than the last eight records they've done. It's just another repurposed version of "For those about to rock".

This band has had zero musical growth since 1981. But, they tour extensively and always put on a fantastic show. That's what killed GNR. Axl was a major jerk, ****ed off everyone in the band and screwed a lot of concert goers when they cancelled shows at the last minute.

Who would I plunk down $125 to see? AC/DC in a heartbeat. I think I'd be scared to buy a ticket for GNR, wondering if they'd show up. But Chinese Democracy is a way better rock record than Black Ice, sorry.
 
it sort of serves Best Buy right for trying to Bogart the music.I have always loved GnR it just sucks that axl has so many problems they could continued to be a great band
 
I was just in a Best Buy earlier this evening. They are a pale shadow of their former self. The CD collection has been cut by about half, jazz and classical are almost non-existent, the conventional DVD collection seems greatly reduced (fewer shelves, selections), and they're obviously making a big push at Bluray, but still charging exorbitant rates for the alleged added "value". I won't pay $35-40 for a video, particularly when the same is available for half to two-thirds that cost. I'm willing to pay a premium to local merchants, but only if they actually stock the items I'm looking for and don't try to gouge in the process.

I could easily see Best Buy in Circuit City's position three years from now. Gimmicks like exclusives are not going to save them. The reason Sirus/XM is about to tank is because they both spent so much money on exclusive content in the process of fighting for market share that they buried themselves in debt (Howard Stern anyone?). Now that they've merged, they're stuck with both sides of that debt battle, and are losing subscribers either because people are angry at the merged channel lineup, or like me, had both services and are now dropping one or the other since they are roughly equivalent now. SiriusXM was trading at eleven cents a share at market close Friday...
 
This band has had zero musical growth since 1981. But, they tour extensively and always put on a fantastic show. That's what killed GNR. Axl was a major jerk, ****ed off everyone in the band and screwed a lot of concert goers when they cancelled shows at the last minute.

Who would I plunk down $125 to see? AC/DC in a heartbeat. I think I'd be scared to buy a ticket for GNR, wondering if they'd show up. But Chinese Democracy is a way better rock record than Black Ice, sorry.


Interesting you mention this. If Axl really cared, he would helped promote this thing anyway possible. Best Buy should have taken out insurance on this nutcase.
 
Agreed. I was afraid this would happen. Like I said, I won't be shelling out any money if they come to town.

I don't understand why this guy waited 14 years to make and album and then act like such a dope. I'm sure a few people will lose their jobs over this....
 
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