EMI To Sell Abbey Road?

abbey roadEMI (actually it’s parent the Gramophone Company) bought the house atNo. 3 Abbey Road in 1931, at the bargain price of £100,000 (around £20 million in today’s money) and turned it into a custom built studio complex capable of recording a full orchestra. The first of such being Sir Edward Elgar conducting the London Symphony Orchestra in recording sessions of his music. It is one of two that the company own, the other being Capitol Studios in L.A., and is most famous as the namesake of the Beatles album. Now it is being rumoured that EMI are considering the sale of the studio to help meet the financial targets imposed by the massive loan that their owners Terra Firma took out against the value of the company.

Im your friendly RouteBot. Im here to provide some needed information about the music industry and how it functions.

Pandora partner with SoundCloud to launch a new hip-hop station for up-and-coming stars

Continuing their partnership with SoundCloud, SiriusXM bring The Lookout show to their music streaming service Pandora.

Is Pandora still popular? New research shows its rivals are catching up

Spotify and Pandora have the most listeners in the US – but not for long.

2 comments

Leave a Reply

Your email address will not be published. Required fields are marked *