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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Asia Pacific World EMI denies Abbey Road studios to be sold AFP - Monday, February 22 Send IM Story Print Pink Floyd drummer Nick Mason (L) and former Rolling Stone Bill Wyman take part in a charity recording of a Children in Need album at Abbey Road studios in west London, September 2009. Struggling music group EMI said Sunday it would not sell off its Abbey Road recording studios, made famous by artists like the Beatles, after a public outcry over reports that it may. LONDON (AFP) - – Struggling music group EMI said Sunday it would not sell off its Abbey Road recording studios, made famous by artists like the Beatles, after a public outcry over reports that it may. EMI said it had rejected an offer for the building last year and was in talks about a project to "revitalise" the studios in north London which "would involve a substantial injection of new capital". The Beatles used the studios for most of their recordings in the 1960s, including the 1969 album "Abbey Road", whose sleeve featured a picture of the Fab Four walking over a pedestrian crossing outside the studio. Other famous names who have made music there include Radiohead, Blur and Pink Floyd, whose album "Dark Side of the Moon" emerged from Abbey Road sessions. "In mid-2009, we did receive an offer to buy Abbey Road for in excess of 30 million pounds (34 million euros, 46 million dollars) but this was rejected since we believe that Abbey Road should remain in EMI's ownership," EMI said in a statement. "EMI confirms that it is holding preliminary discussions for the revitalisation of Abbey Road with interested and appropriate third parties." The music giant, bought by private equity firm Terra Firma in 2007, did not give further details of the project but indicated the studios would continue to be used for recording. Britain's Financial Times newspaper reported last week that Abbey Road could be sold as EMI bids to boost its finances, with Terra Firma trying to avoid breaching agreements on 3.3 billion pounds of loans. The news prompted former Beatle Paul McCartney, who has a house nearby, to tell the BBC: "There are a few people who have been associated with the studio for a long time who were talking about mounting some bid to save it." "I sympathise with them. I hope they can do something, it'd be great." Meanwhile, the National Trust, a charity which looks after historic English properties for the public good, also said it was looking at buying the studios after receiving a wave of calls from the public. EMI bought the property in the plush Saint John's Wood area of north London for 100,000 pounds in 1929. It remains a popular destination for Beatles fans visiting the capital to this day. Recommend Send IM Story Print Related Articles "Shutter Island" drives moviegoers crazy Reuters - Monday, February 22 EMI denies Abbey Road studios to be sold AFP - Monday, February 22 EMI says wants to hold on to Abbey Road studios Reuters - Monday, February 22 DR.Congo orchestra brings Mozart to heart of Africa AFP - Monday, February 22 'Avatar' battles 'Hurt Locker' at British awards AFP - Monday, February 22 News Search Top Stories Poor weather could delay Endeavour's return Scientists see early warning to damaging El Nino Greece united despite economic woes, insists PM Fed chief to throw light on policy after rate hike Singing helps stroke victims regain speech More Top Stories » ADVERTISEMENT Most Popular Most Viewed Most Recommended Chemicals suspected in breast cancer Dozens of primate species on the brink: study Fed chief to throw light on policy after rate hike US scientists warn of fraud of stem cell 'banks' Singing helps stroke victims regain speech More Most Viewed » Third-hand smoke also bad for you: study DNA reveals some mystery on King Tut, raises questions Pitt, Jolie sue British paper over split claims Fury heats up after new AIG bonuses Sugary soft drinks linked to pancreatic cancer: study More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2010 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

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