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Author Topic: EMI Puts 'For Sale' Sign On Abbey Road  (Read 8982 times)

lowland

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #30 on: January 26, 2011, 03:52:11 am »

Bonati wrote on Wed, 26 January 2011 00:12

Some are sellin', some are buildin'...
        http://www.nytimes.com/2011/01/26/arts/music/26studio.html?a         dxnnl=1&hpw=&adxnnlx=1296000071-skv89V+O81hE/i7+hlDz eg

Wow - good luck to them, but justifications in the article notwithstanding I don't understand how building a facility like that makes any kind of business sense. The return surely can't get anywhere near covering the outlay in a realistic time period, which would consign it to the status of  'vanity project'. I'm sad to say it, because this seems a fine studio, but I wonder what its status and ownership will be in, say, three years.

Who knows, I might revisit this thread then and see how wrong I was, but if Abbey Road with its provenance can't make money why should any other high-end studio?
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Nigel Palmer
Lowland Masters
Essex, UK
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Allen Corneau

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #31 on: January 26, 2011, 04:02:47 pm »

Bonati wrote on Tue, 25 January 2011 18:12

Some are sellin', some are buildin'...
 http://www.nytimes.com/2011/01/26/arts/music/26studio.html?a  dxnnl=1&hpw=&adxnnlx=1296000071-skv89V+O81hE/i7+hlDz eg



Wow, indeed.

Quote:

Financed by private investors, Jungle City cost about $3.5 million to build, Ms. Mincieli said, and another $5.2 million to secure the real estate.


Makes my own aspirations seems like pocket change.
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Allen
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Allen Corneau
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lowland

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #32 on: January 26, 2011, 04:29:34 pm »

Allen Corneau wrote on Wed, 26 January 2011 21:02

Bonati wrote on Tue, 25 January 2011 18:12

Some are sellin', some are buildin'...
  http://www.nytimes.com/2011/01/26/arts/music/26studio.html?a   dxnnl=1&hpw=&adxnnlx=1296000071-skv89V+O81hE/i7+hlDz eg



Wow, indeed.

Quote:

Financed by private investors, Jungle City cost about $3.5 million to build, Ms. Mincieli said, and another $5.2 million to secure the real estate.


Makes my own aspirations seems like pocket change.

If the studio's three rooms take a total of $5000 per day every day of the year it would need just under five years to cover the $8.7M. That assumes a probably unattainable usage level and doesn't cover interest, salaries, depreciation, maintenance etc. etc. Unless the money has been written off in some way my head says I can't see how the studio's going to survive, though my heart really wants it to.

Personally, I hope Ann Mincieli will see this and pop up with a rebuttal...
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Nigel Palmer
Lowland Masters
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Bonati

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #33 on: January 26, 2011, 06:32:02 pm »

lowland wrote on Wed, 26 January 2011 03:52

I don't understand how building a facility like that makes any kind of business sense.

It doesn't have to. Studio ownership of that type is a status symbol. Probably quite a few tax strategies thrown in too. This is all fine - I don't get work from studios like this but it sure didn't bother me to hear about a studio opening up rather than closing down.
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Josh Bonati
Brooklyn, NY
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Rick O'neil

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #34 on: January 27, 2011, 12:44:09 am »

so Tom Misner (who just sold sae for 300 million )
annouced in a interview  for audio technology  just last night (yet to be published)   that he is currently negotiating to buy  Abbey road !

if your going to buy a studio for a status symbol i suppose you might as well buy THE Status symbol

lets check back in in a year an see if it happens
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Rick
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Hallams

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #35 on: January 27, 2011, 02:31:33 am »

Rick O'neil wrote on Thu, 27 January 2011 16:44

so Tom Misner (who just sold sae for 300 million )
annouced in a interview  for audio technology  just last night (yet to be published)   that he is currently negotiating to buy  Abbey road !

if your going to buy a studio for a status symbol i suppose you might as well buy THE Status symbol

lets check back in in a year an see if it happens



.......and the beat goes on!!!
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Chris Hallam.
Melbourne, Australia.
 

lowland

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #36 on: January 27, 2011, 03:18:22 am »

Bonati wrote on Wed, 26 January 2011 23:32

lowland wrote on Wed, 26 January 2011 03:52

I don't understand how building a facility like that makes any kind of business sense.

It doesn't have to. Studio ownership of that type is a status symbol. Probably quite a few tax strategies thrown in too.

Fair enoughski, Josh, that's why I referred to a vanity project and later the possibility of the money being written off: I've seen my share of tax loss studios (and record companies) going up in the past, and they rarely trouble the planet for very long before selloff at a thumping loss or being otherwise dissolved. Actually, for 'rarely' read 'never', IME at least.
Quote:

This is all fine - I don't get work from studios like this but it sure didn't bother me to hear about a studio opening up rather than closing down.

Yes, at least somebody with a love of music is doing something. Ms. Mincieli is no doubt a good AE and manager, I just hope she hasn't put any of her own money into this.
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Nigel Palmer
Lowland Masters
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turtletone

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #37 on: January 27, 2011, 10:12:36 am »

from the looks of it, she's put her heart and soul into this new studio. It's refreshing to see this kind of investment in a recording studio.
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Michael Fossenkemper
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Jerry Tubb

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #38 on: January 27, 2011, 12:26:26 pm »

TurtleTone wrote on Thu, 27 January 2011 09:12

from the looks of it, she's put her heart and soul into this new studio. It's refreshing to see this kind of investment in a recording studio.


Yes, thank goodness someone has the cojones to do something bold, for the love of music and audio engineering,

...instead of succumbing to the mindset of fear, panic & crisis.

Godspeed to Ms. Mincieli !

JT
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masterhse

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Re: EMI Puts 'For Sale' Sign On Abbey Road
« Reply #39 on: February 01, 2011, 12:27:49 pm »

EMI with an unlimited supply ...

http://www.billboard.biz/bbbiz/industry/record-labels/citigr oup-takes-over-emi-1005017112.story
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Tom Volpicelli
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