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.
Excerpt:
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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