It’s pretty clear to most that things aren’t what they used to be for the major labels. There’s no more driving limousines into swimming pools and bathing in baked beans for bands these days. Label shareholders get upset if their star performers don’t deliver an album in time for Christmas, and the proliferation of illegal downloading has left them feeling like someone short circuited the security gates at the warehouse. It’s in this climate that EMI has announced that it is to sell the jewel in the crown of its recording studios, Abbey Road. The studio and the crosswalk outside made famous by The Beatles, is, according to the Financial Times, to be sold off by the label due to the spiraling costs of keeping it running; cash that EMI could really use to plug other holes in its business. The FT could only speculate over the future of the iconic brand itself, and couldn’t confirm whether the label will sell the name along with the property, but did manage to pull in a quote from a London media lawyer confirming what we all suspected, namely that “the brand is worth more than the building.” So, perhaps don’t be surprised if you stumble across an ‘Abbey Road Café’, replete with crosswalk, the next time you trudge bleary eyed through an international airport terminal…



