Let’s start a pool: At what point in the future will General Motors (GM) ignominiously join Eastman Kodak (EK), Woolworth and others and get tossed out of he Dow Jones Industrials?
And, who will replace them?
I am betting this happens within 5 years, and perhaps even within 3.
As to the replacement, I might have said Google (GOOG) — but I assume the DJ Editors learned their lesson top ticking Microsoft (MSFT) and Intel (INTC).
Instead, my bet will be Cisco (CSCO).
What say ye?
(Ignore the $38B write down — thats primarily a tax issue):
GM Will Book $39 Billion Charge Write-Down of Tax Credits
Indicates That Profits Won’t Come in Near Term
JOHN D. STOLL
WSJ, November 7, 2007; Page A3
The Eagles — the multi-platinum selling alt country/rock band circa 1970s — are trying an interesting sales strategy for their first studio album in 28 years.
For the new disc, it appears that there is:
- no recording label participation;
- downloads at their site only;
- physical 2-CD Set purchased only at Wal-Mart, or ordered at their site ((Eaglesband.com).
The band cranked out over 700,000 discs in the first week — not too shabby for a double disc.
For you young ‘uns, the album Eagles: Their Greatest Hits 1971–1975 is the all time best-selling album in the U.S. (according to the RIAA); Their album Hotel California is #18 on the all time top selling list).
What’s really interesting is the downloading — the double disc is available for in two formats: MP3 256k for $10.88, and in FLAC lossless for $11.88, directly from the band’s website.
I am not sure, but it appears that both the labels and Apple’s iTunes have been cut out of the picture.
(I’ll update this as I learn more)
Update: November 7, 2007 5:52am
The Eagles made a
direct exclusive deal with Wal-Mart for physical album — no label involved.
sold the album to Wal-Mart on a one-way basis (meaning, no returns).
serves, I believe they bought 3.6M units at $8 or $9. The Band pays
manufacturing costs and publishing (most of which goes to themselves as writers)
and keeps the rest. Pretty nice haul. I haven’t confirmed with the
manager, but I believe the downloads are being done by the band through their
Again, no iTunes, no labels . . .
Top 100 Albums
Revised Chart Policy Lands Eagles At No. 1
Billboard, November 06, 2007, 8:30 PM ET
JT bypasses the Labels