Feeds

EMI puts Abbey Road under the silver hammer?

Can't carry that financial weight no longer

Next gen security for virtualised datacentres

EMI has reportedly put its iconic Abbey Road recording studio up for sale in an effort to pay off some of its hefty debts.

According to this morning's Financial Times, which cites no less than "five people familiar with the situation", the struggling major is seeking bidders to buy the studio.

However, the report was unable to confirm whether EMI intended to flog both the brand and the St Johns Wood, London-based property.

The studio was made famous by The Beatles, who recorded much of their music there, including the Fab Four's final studio album, Abbey Road, in 1969.

In more recent years the studio was besieged by Britpop bands such as Radiohead, Manic Street Preachers, Travis and Blur, who each wanted to create their own bit of Abbey Road magic at the famous recording house.

Terra Firma-owned EMI, which is currently saddled with a debt load of £1.75bn, declined to comment to the newspaper about any possible sale.

The record giant bought number 3 Abbey Road in 1929 for £100,000. A sale could pull in tens of millions of pounds, according to the FT. ®

The essential guide to IT transformation

More from The Register

next story
MEN WANTED to satisfy town full of yearning BRAZILIAN HOTNESS
'Prettier, better organised, more harmonious than if men were in charge'
Cops baffled by riddle of CHICKEN who crossed ROAD
'Officers were unable to determine Chicken's intent'
Yes, but what are your plans if a DRAGON attacks?
Local UK gov outs most ridiculous FoI requests...
Drunkards warned: If you can't walk in a straight line, don't shop online, you fool!
Put it away boys. Cover them up ladies. Your credit cards, we mean
Why your mum was WRONG about whiffy tattooed people
They're a future source of RENEWABLE ENERGY
Murder accused DIDN'T ask Siri 'how to hide my roommate'
US court hears of cached browser image - not actual request
Chomp that sausage: Brits just LOVE scoffing a Full Monty
Sales of traditional brekkie foods soar as hungry folk get their mitts greasy
prev story

Whitepapers

5 things you didn’t know about cloud backup
IT departments are embracing cloud backup, but there’s a lot you need to know before choosing a service provider. Learn all the critical things you need to know.
Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
Backing up Big Data
Solving backup challenges and “protect everything from everywhere,” as we move into the era of big data management and the adoption of BYOD.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?