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  1. #1
    Atomic Punk LLFHS's Avatar
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    Default Screw-ups in the music biz

    LOS ANGELES (Reuters) - The talent scout who turned down the Beatles has long been credited with committing the music industry's biggest gaffe.

    But Dick Rowe's billion-dollar boo-boo has been beaten to the top spot on Blender magazine's list of the "20 biggest record company screw-ups of all time" by the failure of record companies to capitalize on the Internet.

    The major labels took top dishonors for driving file-sharing service Napster out of business in 2001, instead of figuring out a way to make money from its tens of millions of users. The downloaders merely scattered to hundreds of other sites, and the industry has been in a tailspin ever since.

    "The labels' campaign to stop their music from being acquired for free across the Internet has been like trying to cork a hurricane -- upward of a billion files are swapped every month on peer-to-peer networks," Blender said in the report, which appears in its newly published April issue.

    Rowe came in at No. 2 for politely passing on the Beatles after the unpolished combo performed a disastrous audition in 1962. Beatles manager Brian Epstein later claimed the Decca Records executive had told him that "groups with guitars are on their way out," a comment that Rowe denied making. He went on to sign the Rolling Stones.

    Motown Records founder Berry Gordy was No. 3, because he sold the money-losing home of the Supremes and Marvin Gaye for about $60 million in 1988. The sum was dwarfed the following year when A&M Records sold for about $500 million. And in 1990, David Geffen got about $700 million for Geffen Records. (Gordy did retain ownership of the lucrative Motown copyrights.)

    Geffen Records grabbed two spots on the list: No. 11 for suing Neil Young in the 1980s because it did not like his uncommercial musical direction; and No. 12, for pumping a reported $13 million into a Guns N' Roses album that still has not seen the light of day after more than a decade of work.

    Other hall of shamers included Columbia Records at No. 10, for dumping Alicia Keys and rapper 50 Cent before they became famous; and Warner Bros. Records at No. 13 for signing rock band R.E.M. to a money-losing $80 million contract in 1996.





    I'm surprised there was no mention of the best Heavy Metal Album Grammy going to Jethro Tull.
    LowLifeFlatHeadScum

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  2. #2
    Atomic Punk chefcraig's Avatar
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    The Man That Turned Down "The Rutles"...
    "What's it like to be such an asshole?"


    "The reasonable man adapts himself to the world; the unreasonable one persists in trying to adapt the world to himself. Therefore, all progress depends on the unreasonable man."
    George Bernard Shaw

  3. #3
    Sinner's Swing!
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    There's actually a preamble to the story of Geffen and Guns N' Roses. After releasing "Welcome To The Jungle" and "Paradise City" to lackluster response, Geffen was about to pull all promotion on "Appetite For Destruction." The band was then invited to join Motley Crue on tour, so the record company decided to release "Sweet Child O' Mine" (albeit with a very low-budget video). The result -- I believe "Appetite" is still the biggest selling debut album of all time.

    And as a P.S. to that, Geffen gave Axl an ultimatum regarding "Chinese Democracy" in 2004. Supposedly the record company said that if he didn't turn in the album in 2004, they would release a greatest hits album without the band's consent. He didn't, they did. The result -- "Guns N' Roses Greatest Hits" is still in the Billboard Top 100 and the record company has all but recouped that $13 million.
    Mr. Horseradish courtesy of the International Horseradish Council and Brett.

  4. #4
    Eruption Gypsy King's Avatar
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    Quote Originally Posted by LowLifeFlatHeadScum View Post
    I'm surprised there was no mention of the best Heavy Metal Album Grammy going to Jethro Tull.
    I have refused to watch the Grammy Awards since that debacle. And I actually like Jethro Tull a lot, but they are not metal.

  5. #5
    Hot For Teacher Han Valen's Avatar
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    Or how about our very own EVH for playing the solo to Michael Jackson's "Beat It", and asking for $0 to do it!!??!!??!!??
    How many records did that sell again?!? Oh yeah, like a bazillion. :
    "The music of Van Halen is vital."-David Lee Roth-1978

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    09-09-2004 - Tampa Forum - Tampa, FL
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    05-09-2008 - Boardwalk Hall - Atlantic City, NJ
    04-12-2012 - Amway Center - Orlando, FL

  6. #6
    Atomic Punk Bob_R's Avatar
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    Quote Originally Posted by LowLifeFlatHeadScum View Post
    LOS ANGELES (Reuters) - The talent scout who turned down the Beatles has long been credited with committing the music industry's biggest gaffe.
    HaHa! By far the biggest fuck-up my friend.

  7. #7
    Good Enough padraig5150's Avatar
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    Quote Originally Posted by chefcraig View Post
    The Man That Turned Down "The Rutles"...
    "What's it like to be such an asshole?"



  8. #8
    Good Enough pal1800's Avatar
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    Quote Originally Posted by Gypsy King View Post
    I have refused to watch the Grammy Awards since that debacle. And I actually like Jethro Tull a lot, but they are not metal.
    You certianly haven't missed anything! The Grammy's SUCK!

  9. #9
    On Fire
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    Well Kiss' manager Bill Aucoin turned down VH saying that he did not see any comercial potential. Doh!!!
    "What do you expect from a guy who makes his living beating things with a stick!"-EVH

  10. #10
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    The result -- I believe "Appetite" is still the biggest selling debut album of all time.

    I think Boston's debut is the biggest selling album of all time.

  11. #11
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    Appetite sold 25 million worldwide to Boston's 18 million worldwide. But you're right. In the US, Boston sold 17 million to GN'R's 15 million.
    Mr. Horseradish courtesy of the International Horseradish Council and Brett.

  12. #12
    Atomic Punk Raldo's Avatar
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    Quote Originally Posted by Yesterdays View Post
    Appetite sold 25 million worldwide to Boston's 18 million worldwide. But you're right. In the US, Boston sold 17 million to GN'R's 15 million.
    Both are still great albums.
    Remember the Heroes - 9/11/01

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  13. #13
    Atomic Punk jimmy812's Avatar
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    Quote Originally Posted by Strat Salad View Post
    I think Boston's debut is the biggest selling album of all time.
    Huh?

    Did I miss something here?
    2-time Fantasy Baseball Champion.

  14. #14
    Sinner's Swing!
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    Quote Originally Posted by Strat Salad View Post
    The result -- I believe "Appetite" is still the biggest selling debut album of all time.

    I think Boston's debut is the biggest selling album of all time.
    Quote Originally Posted by jimmy812 View Post
    Huh?

    Did I miss something here?
    I betcha that Michael Jackson fella would have liked to have had Boston's success.

    As for this list, I can't argue with #1. The RIAA was about as forward thinking as the captain of the Titanic.

  15. #15
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    We're talking debut albums. Thriller was not a debut.
    Mr. Horseradish courtesy of the International Horseradish Council and Brett.

 

 

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