May had failed to win a parliamentary majority on Britain's withdrawal from the European Union.Europe Politicsread more
Investors are rushing into the relative safe haven of the bond market, causing the yield on the U.S. 10-year Treasury to plummet.Real Estateread more
President Donald Trump on Thursday directed the U.S. intelligence community to "quickly and fully cooperate" with Attorney General William Barr's investigation into the...Politicsread more
Despite a decline in global commercial real estate markets, Asia-Pacific continues to enjoy a record-breaking growth — thanks to China, according to the Global Capital Flows...Real Estateread more
The Wall Street Journal and The New York Times, citing people familiar with the deal, reported that $30 million would go to plaintiffs and $14 million would be used to pay...Entertainmentread more
Danish shipping group A.P. Moller-Maersk on Friday posted first-quarter profit close to expectations and warned that trade tensions and slowing economic growth constitute...Earningsread more
Wall Street is becoming convinced that both the White House and Beijing are willing to engage in a protracted trade war that could begin to hit consumers and slow global...Market Insiderread more
The U.S. Commerce Department said its proposed rule would amend the normal countervailing duty process to include new criteria for currency undervaluation.World Economyread more
SpaceX sent 60 satellites into space in a key first mission toward the company's own high-speed internet network.Internetread more
Zilingo founder Ankiti Bose says working as an investment analyst helped her build her near-$1 billion fashion start-up.Ditching the Corporate Liferead more
TransferWise, the money transfer start-up, was valued at $3.5 billion after investors bought $292 million of shares in a secondary sale.Technologyread more
The holidays are still a couple of months away, but fans of the Rolling Stones already have something they may want for their stockings.
On Friday, the group reissued a deluxe box set for the 50th anniversary of their 1967 album, "Their Satanic Majesties Request." The Stones are certainly no strangers to re-releasing their most popular albums in sprawling, multi-disc sets – stuffed as they tend to be with previously unreleased music, books, DVDs and other memorabilia.
Yet "Satanic Majesties" seems like a strange choice for this type of treatment. It sold a relatively modest 2 million copies worldwide, well shy of the 11 million units the band's biggest hit, 1978's "Some Girls," moved. Furthermore, it's considered one of their weaker efforts, and not just by fans.
"There's a lot of rubbish on 'Satanic Majesties,'" lead singer Mick Jagger said in the 2003 book, According to The Rolling Stones. "Just too much time on our hands, too many drugs, no producer to tell us, 'Enough already, thank you very much, now can we just get on with this song?'"
Also, the reissued album's content differs from other deluxe versions: It contains no bonus tracks, no DVD and no memorabilia, but has stereo and mono mixes of the album on both vinyl and compact disc. The price tag is a hefty $72.
So should the Stones expect to see unsold albums gathering dust on the shelves, a rare commercial misstep in an otherwise business-savvy career?
According to Dan Orkin, Director of Content at music gear marketplace Reverb.com, the commercial potential of this release shouldn't be dismissed. For one thing, the original album's relative lack of popularity may now a selling point, not a drawback.
"Because the album wasn't that popular," the original had fewer copies made, he explained to CNBC. "So for hardcore Rolling Stones fans, this album is harder to find, and original copies with the coveted 'lenticular' can sell for hundreds of dollars," he said, referring to 3D cover art that was abandoned after the first pressings of the album.
The original lenticular will be reproduced for the reissue, and that alone brings value for collectors.
Eric Alper, owner of Eric Alper PR in Toronto, said that in addition to the music and the artwork, the accompanying 20-page booklet – which includes an essay by historian Rob Bowman – also sweetens the deal.
"Rob is one of the best music historians alive, who knows the group almost better than anyone not in the band," Alper said. "I'd pay $72 just to read his notes." He also added that the price tag could be less of a stumbling block than it appears.
"By having it under a hundred dollars, those fans are able to purchase it without thinking," he said. "As vinyl buyers know, a new album will set you back about $30 now, some even higher, so this isn't out of the buying power of those fans."
Bill Furbee, a music specialist at Cincinnati estate sale marketplace Everything but the House, said that 'Satanic Majesties' status as a limited edition package makes it irresistible to collectors. Additionally, Stones fans are already well-known for having expensive tastes.
"The average concert ticket for the band's 2012 50th Anniversary tour cost $624, " he said. "The fans filling all of those arenas probably won't balk at spending a little bit more than average for this reissue."
With teenagers and millennials helping to drive resurgent sales in vinyl and other physical media, there may be an audience beyond just Baby Boomers, Furbee said.
"There's a good chance that anyone in their teens or early to mid-20s may have only experienced music as a digital file," he said. "I'm not surprised at all that young adults are building record collections now, as they strive to find a deeper connection with the artists and music they love."