Abbey Road Not For Sale: EMI

Company turned down $46M bid
By Nick McMaster,  Newser Staff
Posted Feb 22, 2010 1:23 AM CST
Graffiti are seen on the wall of Abbey Road Studios.   (AP Photo/Akira Suemori)
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(Newser) – Abbey Road Studios owner EMI is not looking to sell the legendary operation after all, according to officials. The music conglomerate is working on a "revitalization project" and a "sustantial injection" of fresh capital to make the iconic studios profitable again, said a statement. EMI is deep in debt but last year rejected a $46 million offer to buy the studio because executives want to keep the birthplace of the Beatles Abbey Road in the fold, the BBC reports.

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