Guns N’ Roses Chinese Democracy Named A Money Loser Of 2008

GUNS N’ ROSES CHINESE DEMOCRACY NAMED A MONEY LOSER OF 2008:

December 26, 2008

This post is part of Blogging Stocks feature on Money Losers of 2008. See all 20 at www.walletpop.com/specials/money-losers.

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.

As the Los Angeles Times noted, “The Guns N’ Roses album that was 17 years in the making climbed only as high as No. 3 when it debuted on the national sales chart. It has tumbled to No. 18 in its second week of release. That’s a disturbing sign for the most expensive to produce album ever in rock, the cost once estimated at $13 million.”

Given Rose’s track record, odds are that he is not phased by the tepid reaction from his long-suffering loyal fans.

Courtesy of www.bloggingstocks.com