Rolling Stones, Oasis, U2 studio to close?

Olympic Studios face the financial crisis

A London recording studio, which has seen The Rolling Stones, Oasis, Led Zeppelin and Jimi Hendrix through its doors, may close because of money problems.

The staff at the 42 year-old Olympic Studiosin Barnes – where U2 are currently recording – have been told by owners EMI that they may have to shut down as they aren’t making enough money, reports The Evening Standard.

“The fact is the studios are not profitable, like many British studios,” the paper reported a source as saying. “You can’t get as much business as you used to in the past. And there’s no sign of that situation improving.”

Both Jimi Hendrix‘s ‘Are You Experienced?’ album and Eric Clapton‘s ‘Wonderful Tonight’ single were recorded at the studios – and The Rolling Stones worked on tracks for seven albums there.