EMI Not Selling Abbey Road Studios After All

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When word came out that EMI was looking to sell Abbey Road Studios, public outcry sparked a Facebook campaign to have the National Trust acquire the famed studio. EMI set the record straight on Sunday, when the company announced it would not actually be seeking buyers for the hallowed site. Instead, it’s looking to enlist third-party investors to help them “revitalize” the studios. According to the Wall Street Journal, EMI even turned down a $46.4 million offer for the studios last year.

“In response to recent press speculation, EMI confirms that it is holding preliminary discussions for the revitalization of Abbey Road with interested and appropriate third parties,” the label said in a statement. “Abbey Road studios had, for a number of years, been losing money and we have developed plans to revitalize the studios. These plans would involve a substantial injection of new capital.”

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