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Chinese Democracry No Boon for Best Buy

Chain bought exclusive sales rights to new album

By Matt Cantor,  Newser Staff

Posted Dec 16, 2008 1:42 PM CST

(Newser) – Best Buy paid millions for exclusive sales rights to Guns N’ Roses latest effort, but of 1.3 million copies ordered, only 318,000 have left the shelves, the Wall Street Journal reports. The chain was betting Chinese Democracy would be the record of the year. Instead, it debuted at No. 3 on the charts, with sales falling 78% in its second week—and the company is stuck with the leftovers.

The timing for Best Buy, which predicted third-quarter sales would plunge 5%-15% compared with last year, is particularly poor. Partly to blame may be the failure of Axl Rose to do much to promote the long-awaited disc. In a similar deal, Wal-Mart sold more than a million copies of AC/DC’s latest alongside other band paraphernalia.

In this image released by Geffen Records, the latest CD by Guns N' Roses, Chinese Democracy, is shown.
In this image released by Geffen Records, the latest CD by Guns N' Roses, "Chinese Democracy," is shown.   (AP Photo/Geffen Records)
Axl Rose.
Axl Rose.   (Photo by George Chin)
Axl Rose, lead singer for the band Guns N' Roses, performs during the MTV Video Music Awards at New York's Radio City Music Hall on Aug. 29, 2002.
Axl Rose, lead singer for the band Guns N' Roses, performs during the MTV Video Music Awards at New York's Radio City Music Hall on Aug. 29, 2002.   (AP Photo/ Beth Keiser)
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COMMENTS
Showing 2 of 2 comments
vendetta
Dec 18, 2008 8:03 PM CST
That ship has sailed. The yhad a big band in the early 90's, but he screwed it up. He didnt show for concerts, broke up the band, and now he expects us to buy a CD over 10 years in the making. lmao.
upshotmatt
Dec 17, 2008 2:16 AM CST
this album was d.o.a. when it was released..did anyone really think it would be relevant?

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