The 19th Century Georgian town house in north London known as Abbey Road Studios may be up for sale. The Financial Times reported on Monday that EMI, the troubled record label that has owned it for decades, had put the studio on the market and could raise “tens of millions of pounds” from the sale. A spokeswoman for EMI declined to comment on Tuesday. EMI was bought by the British private equity firm Terra Firma in 2007 for $8 billion, with a net loss of $1.6 billion in its last fiscal year and has been struggling under a heavy debt load. Abby Road has been used as a recording studio since 1931 but has been immortalized by The Beatles. The Beatles held most of their sessions there, and on the cover of their 1969 album “Abbey Road,” above, the band members are pictured walking single-file through a pedestrian crossing outside the studio. Other recorded groups at Abbey Road include Pink Floyd, Radiohead, Oasis and Blur.
The Famous Abbey Road May Be Up For Sale
February 17, 2010 By Leave a Comment