Feb
17
Abbey Road for sale
Filed Under Live, Marketing Consultancy, Uncategorized

[the famous shot - now immortalised in a video game. Every day, tourists queue up to have their picture taken in situ]
Reuters and www.2Oceansvibe.com report this morning that the debt-laden EMI Music Group has put the iconic Abbey Road recording studios up for sale.
Abbey Road, which began life as a Georgian town house built in 1831, has an impressive history aside from the Beatles, who recorded most of their 1960s hit singles and albums there under the direction of EMI house producer George Martin.
Its walls have also echoed to music performed by classical composer Edward Elgar, rock bands Pink Floyd and Radiohead, violin maestro Yehudi Menuhin, 1980s bands Spandau Ballet and Simple Minds, as well as Mike Oldfield and Jeff Beck.
It is projected that a sale that, includes the brand (horror!) could raise 25 to 30 million pounds ($39 million to $47 million). Private Equity owners (them folk again) of EMI, Terra Firma recently told investors it needed more than 100 million pounds to stop EMI breaching banking covenants.
We hope no-one buys, or, if they do, maintains the sanctity of Abbey Roadhistory
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