Abbey Road Studios not for sale anymore

A week ago, music fans all over the world were shocked by reports that EMI was planning to sell the legendary Abbey Road studios. This is the same studio where The Beatles recorded most of their music. Pink Floyd also recorded Dark Side of The Moon in the studio, along with other artists who have made very important albums within the confines of its four walls. As such, it is considered a cultural landmark and one of the most important buildings for music lovers.

But because of the worldwide collective outcry over the supposed decision, EMI has released another statement that says it will not sell Abbey Road studios, but it is now looking for financial help to save it.

According to EMI’s statement, it already received an offer of more than £30 million for Abbey Road Studios last year but it was rejected by the label, which decided to just retain its ownership. But the label, which was acquired by Terra Firma – a private equity firm – in 2007, is faced with huge debts. The label said it hopes to “revitalize” the studio and possibly open it to the public as an active recording studio.