Tuesday, February 16, 2010

EMI to sell Abbey Road studios

It feels like a sign of the times, though EMI's financial difficulties (which prompted the sale of the legendary recording studio) preceded the global economic meltdown.

However, the studios have faced cheaper competition from recording facilities in other countries, and technological advances allowing artists to record using only a laptop computer have made it harder for labels to justify owning expensive recording infrastructure.

“What you have is a very, very expensive piece of heritage. If an artist goes to a label and asks to record at Abbey Road they will be met with maniacal laughter,” the media lawyer said.

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