Saturday, March 26, 2011

Guns N’ Roses hits Best Buy bargain bin

Best Buy is no longer interested in taking a bath on Guns N’ Roses “Chinese Democracy,” and is now practically giving the album away.

As the exclusive U.S. retailer for “Democracy,” Best Buy is offering a special deal on copies of the CD; you can now purchase the album via for just $1.99.

The retailer reportedly paid $14 million for 1.6 million copies of the album, according to Hits; to date, “Democracy” has sold just 614,000 copies in the U.S., based on Nielsen SoundScan reports.

Simple math suggests Best Buy has close to a million copies collecting dust in its stores and warehouses – no wonder they’re looking to unload the album at any price; retailers aren’t fond of stale inventory cluttering up their systems.

Released in November of 2008, “Democracy” was officially certified platinum by the Recording Industry Association of America (RIAA) on February 3, 2009 for shipments in the United States in excess of one million copies.

Guns N’ Roses – Better
Rock Am Ring – Nurburg, Germany – June 2, 2006

See also:

Guns N’ Roses: Queen’s Brian May talks about his work on Chinese Democracy
Guns N’ Roses confirmed for Rock In Rio
Guns N’ Roses: $20 Million lawsuit against Activision goes to trial in January
VIDEO: Guns N’ Roses - Duff joins Steven Adler in London