Abbey Road's Future Unclear

Reacting to speculations that music industry giant EMI is selling Abbey Road studios, the company announced Monday that it is not selling but 'revitalizing' the famed studio space. Apparently, the stumbling economy and Abby Road's historically high recording rates has greatly reduced EMI's income over the past few years. Rumors surfaced last week that the company was considering putting the studio up on the market, prompting protest from former Beatles member Paul McCartney. In their statement the company expressed concern that the future of the studio is uncertain, as the space undoubtedly needs investment for repairs and maintenance. EMI stated,

"Abbey Road studios had, for a number of years, been losing money and we have developed plans to revitalize the studios, these plans would involve a substantial injection of new capital."

So what does the future hold for Abbey Road? Well, we don't really know. EMI admitted that many potential investors have already sat down with the company to discuss possible finincial relations. We do know however that the record company will not sell the studios, as they revelaed that they recieved a 46 million dollar offer for the space in 2009, but rejected it. They have not cited who made the offer.

Abbey Road is of course the most famous recording studio in pop culture, and one of the most prestigious recording spaces available to musicians. The Beatles, Pink Floyd, Radiohead, Kate Nash, Elliott Smith and many more have all recorded important albums at Abbey Road.


Herbie Handcock and Corinne Bailey Rae cover Joni Mitchell's River at Abbey Road.