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Tuesday, February 16, 2010

EMI selling Abbey Road

WHY DON’T THEY DO IT IN THE ROAD? EMI and Terra Firma have come up with one concrete idea for raising some dough—by selling off a major part of the record company’s history. Abbey Road Studios, which remains a world-renowned and extremely active recording facility four decades after the Beatles made it famous. The sale will bring cash-strapped EMI several million pounds, but not nearly enough to cover the next payment to Citigroup in March. (2/16a)

 
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