EMI Says Abbey Road Studios Not For Sale

Cash-strapped music company EMI Group Ltd. has shelved plans to sell Abbey Road and is now looking for an investor to help save the London recording studio made famous by The Beatles.

News last week that EMI had been speaking to potential buyers sparked dismay among music fans. Former Beatle Paul McCartney said he hoped Abbey Road could be preserved, and the National Trust heritage group said it was considering buying the building.

But EMI now says it wants to keep the facility and is talking to "interested and appropriate third parties" about a revitalization project.

EMI said Sunday it had rejected a 30 million pound ($50 million) offer for Abbey Road last year.

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