EMI vows not to sell Abbey Road
Monday 22 February 2010
The ailing music group EMI has vowed not to sell London's Abbey Road, the recording studio made world famous by The Beatles, following months of intense speculation that it could be offloaded.
EMI, which is owned by Guy Hands' private equity company Terra Firma, also said it welcomed English Heritage's accelerated plan to make Abbey Road a listed building as a way of protecting it as a music heritage site. The music company confirmed it was holding discussions with "interested and appropriate third parties" to finance its plans to "revitalise" Abbey Road, where the studio has been losing money for a number of years.
The plans are thought to include creating a museum at the site. An EMI spokesman said: "At all times, these plans have focused on providing access to artists and, where possible, members of the public. In mid-2009, we did receive an offer to buy Abbey Road but this was rejected since we believe that Abbey Road should remain in EMI's ownership."
Today, the Baroness Andrews, the chairwoman of English Heritage, was expected to confirm to the Culture minister, Margaret Hodge, that the organisation remains committed to its 2003 recommendation that the studios should be granted Grade II listed status.
- 1 Nigel Farage: Me vs Russell Brand on Question Time – he's got the chest hair but where are his ideas?
- 2 Harry Potter fans can apply to the Hogwarts-inspired College of Wizardry
- 3 Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
- 4 Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
- 5 Orange Wednesdays are no more
Weather bomb in pictures: Storms cuts power for tens of thousands – and snow is on the way
Jessica Chambers: 19-year-old woman 'doused with lighter fluid and burned alive' in the US
Russell Brand calls Nigel Farage 'poundshop Enoch Powell' in BBC Question Time debate
Russell Brand was rendered speechless on Question Time by this man
Fury at Airbus after it hints the super-jumbo may be mothballed
Disgruntled RBS worker writes hilarious open letter to Russell Brand after anti-capitalist publicity stunt leaves him hungry
Nigel Farage defends Kerry Smith 'ch***y' comment: 'If you are going for a Chinese, what do you say you’re going for?'
Nigel Farage's approval rating hits 'record low' as popularity suffers in wake of Ukip sex scandal
Pakistan school attack live: Taliban kill at least 132 children in 'horrifying' massacre
Sony hack: Angelina Jolie branded 'seriously out of her mind' in further embarrassing leaked email saga
Panic Saturday: 13 million Britons spend £1.2bn – while 13 million others across the country live in poverty unable to afford food
iJobs Money & Business
$200 - $350 per annum: Carlton Senior Appointments: Managing Producer Office...
$125 - $225 per annum: Carlton Senior Appointments: San Fran - Investment Advi...
Up to £70,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...
Up to £65,000 per annum + benefits: Sheridan Maine: Are you a qualified accoun...