In spite of its internal problems, EMI is not selling The Beatles legendary Abbey Road Studios…at least not right now. Last year it did receive a 30 million pounds offer but the struggling industry giant held on to it. However, don’t take this as a sign that EMI is okay financially. Far from it. The company admitted in 2009 that it was “holding preliminary discussions for the revitalization of Abbey Road with interested and appropriate third parties” which may be an indicator of potential future partnering with investors as a move to preserve Abbey Road Studios as well as white knighting EMI’s massive loan obligations.
Next month Phish guitarist Trey Anastasio will be inducting rock group Genesis into the Rock and Roll Hall of Fame. Wyclef Jean will honor Jimmy Cliff. Barry and Robin Gibb of the Bee Gees will induct ABBA. Green Day’s Billie Joe Armstrong is set to honor The Stooges. And Jackson Browne will induct David Geffen. The induction ceremony takes place March 15 in New York and will air live on Fuse TV at 8:30 p.m. EST.
