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Abbey Road Studios for sale?

Discussion in 'Studio Lounge' started by Boswell, Feb 17, 2010.

  1. Boswell

    Boswell Moderator Distinguished Member

    For anyone with a bit of loose change...

    BBC News - Sir Paul McCartney hopes Abbey Road can be saved
     
  2. BobRogers

    BobRogers Well-Known Member

    The sale is probably a good idea even if EMI wasn't short of cash. Probably doesn't make sense for a label to own a studio any more. Too many good independent studios around that are a better fit for individual recordings.

    I would think there is still a demand for big city studio, but is that correct? Are the high costs of real estate and taxes offset by things like the availability of top quality sidemen on any instrument in any genre or the fact that London or New York are "destination locations" for bands? A lot of big city studios have gone under.

    Of course, Abbey Road is an older studio. There may be some curses to go along with the magic.
     
  3. audiokid

    audiokid Staff

    Here is another article Abbey Road Recording Studios For Sale: Report | Billboard.com
     
  4. moonbaby

    moonbaby Mmmmmm Well-Known Member

    It's such a shame to see this piece of music history going by the wayside. I saw a documentary recently showing the real estate market in London. They showed various residences in London, and the prices were absolutely insane. A bathroom-sized "flat" that could barely accomodate a single human being was selling for 250k Pounds Sterling. They said that real estate in London is the most expensive in the world. Too bad that a historic location like Abbey Road is a victim of this.
     
  5. Thomas W. Bethel

    Thomas W. Bethel Well-Known Member

    Actually London is number 3 see Most expensive real estate markets in 2009

    EMI must really be hurting to want to sell this historic property. Hopefully someone will buy it and keep it a recording studio instead of turning it into apartments or condos.

    Sir George should purchase it and turn it into a working museum. A place where tourist can go to see where the Beatles recorded and at the same time see new artist recording.

    FWIW and YMMV
     
  6. Boswell

    Boswell Moderator Distinguished Member

    In the face of a public outcry, EMI has backed down from its previous position, and is now saying it wants to retain ownership of the Abbey Road studios, but look instead for a partner willing to make significant investment in them. How such an investor would get ROI is not clear, neither is what happens if EMI fails to find a suitable investment partner.
     

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