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Ed Gains - bel hevi
Ed Gains - bel hevi
Gig Guide
Friday July 30th
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· Refuel: The Exclamations! and friends
· Captain Cook Tavern: MISTRESS
· Isis Lounge: Oxo Cubans Party Night
· Chicks Hotel: The Puddle
· Cellars Bar -Provincial Hotel: Katharticus in the Cellar
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Thursday February 18th
More EMI Malaise: Abbey Road Studios Potentially Being Sold...
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The fabled Abbey Road Studios may be getting sold by EMI parent Terra Firma, according to the Financial Times. The rumored sell-off is part of an increasingly distressed situation at EMI Group, one that now features a messy lawsuit between Terra Firma and Citigroup. The studio, if indeed sold, could fetch tens of millions of pounds, just a fraction of the broader Terra debt.
Despite its fabled history, Abbey Road now represents another piece of overhead in a highly-leveraged mess. Instead of booking expensive studio time, lots of artists simply record on laptops at a fraction of the cost. Other less-famous studios may offer cheaper cost structures. "The brand is worth more than the building," one attorney told the Times. "What you have is a very expensive piece of heritage. If an artist goes to a label and asks to record at Abbey Road they will be met with maniacal laughter."
Report by Alexandra Osorio.
Related articles at
[http://digitalmusicnews.com/stories/021610emi]
