Entertainment Music

Tuesday 20 February 2018

No plans to sell Abbey Road studios

EMI isn't selling Abbey Road studios
EMI isn't selling Abbey Road studios

EMI has said it does not plan to sell London's Abbey Road recording studios.

After days of heated speculation over the fate of the site, made famous by the Beatles album, EMI released a statement saying it believes the studios should remain under its ownership.

The firm, which is owned by private equity parent Terra Firma, also said it had rejected an offer for the historic building last year.

It did however say it was in talks with "interested and appropriate third parties" about funding a "revitalisation" project.

Reports that Abbey Road could be sold led to an outpouring of public concern for the studios last week.

Facebook petitions to save the site garnered thousands of signatures, the National Trust said it would look into buying the property and even musical supremo Andrew Lloyd Webber expressed an interest in owning the studio.

But EMI has moved to quell the reports of a sale, saying that while it is looking for an investor in the site, based at number 3 Abbey Road in St John's Wood, it is not looking for a buyer.

The Beatles used Abbey Road for 90 per cent of their recordings, naming an album after the studios in 1969.

EMI bought the property for £100,000 in 1929, transforming it into world famous studios that have hosted artists as diverse as composer Sir Edward Elgar, who recorded Land Of Hope And Glory with the London Symphony Orchestra there in 1931, to Pink Floyd and Blur.

Press Association

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