EMI confirms Abbey Road 'will not be sold'

Record company finally ends recent fears over The Beatles' haven changing hands

Photo: Next Previous

Photo Gallery: The Beatles

EMI has shelved plans to sell London's Abbey Road studios.

The record company has released a statement saying the iconic studios, where The Beatles recorded much of their output (immortalising it on their 1969 album 'Abbey Road'), should stay under its ownership.

The firm added it had rejected an offer for the historic building last year and was working with "third parties" about funding a "revitalisation project".

The move comes after fears that the studio would be sold to raise money for EMI in a bid to help clear the company's debts.

The reports led to a Facebook campaign to try to save it, the National Trust looking into buying the property and even composer Andrew Lloyd Webber expressing an interest in owning the studio.

EMI said in a statement: "In response to recent press speculation, EMI confirms that it is holding preliminary discussions for the revitalisation of Abbey Road with interested and appropriate third parties.

"Abbey Road studios had, for a number of years, been losing money and we have developed plans to revitalise the studios. These plans would involve a substantial injection of new capital."

The company said it also welcomed reports that English Heritage was accelerating plans to list the site, and said it had been holding discussions over the regeneration plans since November, reports BBC News.

Read More On This Artist

More News
Nicki Minaj performs at millionaire's son's bar mitzvah - watch
Death From Above 1979 release trippy new 'Virgins' video – watch
Steve Aoki confirmed as judge on Simon Cowell's DJ talent show
Sam Smith cancels Australian tour dates after suffering vocal cord haemorrhage
Slipknot's Corey Taylor says he 'loves music but hates business'
Pete Townshend shares orchestral remake of The Who's 'Love, Reign O'er Me' -...
Everything Everything to judge new band competition and mentor finalists
Elton John and Janelle Monáe to appear on new Chic album
Rihanna, Lorde, Gerard Way and more react to Baltimore protests
Kendrick Lamar throws first pitch at LA Dodgers baseball game - watch
Grimes says that Jay Z's Tidal streaming service is 'so important for indie music'
Anna Calvi, Dirty Projectors' David Longstreth and more to play David Byrne's Meltdown...
'Montage Of Heck' clip of Kurt Cobain wearing a Hitler moustache and wedding dress airs...
Kate Tempest album artwork to go on display at National Portrait Gallery
The Vaccines stream new track 'Minimal Affection' - listen
Daft Punk feature in Nile Rodgers documentary - watch
TV On The Radio reschedule London gig for August
Rudimental unveil brand new song 'Never Let You Go' - listen
Man confesses to filming up womens' skirts at Glastonbury Festival
Leon Bridges announces first UK tour
Franz Ferdinand and Sparks tease collaborative album with new song 'Collaborations...
Smashing Pumpkins' Billy Corgan takes up full-time role at TNA Wrestling

More News

Comments

Please login to add your comment.

Latest Tickets - Booking Now
 
Know Your NME
 

 
NME Store & Framed Prints
Inside NME.COM