For sale: Abbey Road Studios
The EMI music group has been looking for bidders for the London property where Abbey Road studios was built in 1929. In order to avoid breaching the terms of a $5 billion loan contract with Citigroup, they need to raise some money soon. James Whittington from the BBC Business Unit explains the business issues and how the buyer will also be buying the Abbey Road brand. Meanwhile, the iconic property immortalized by the Beatles’ final album, “Abbey Road,” is still being used as a music studio. Friend of John Lennon, Bill Harry tells us about Abbey Road’s relevance as an icon and its continued importance within the music industry.
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