R/E/P Community

Please login or register.

Login with username, password and session length
Advanced search  

Pages: 1 2 [3]  All   Go Down

Author Topic: EMI Puts 'For Sale' Sign On Abbey Road  (Read 17054 times)

lowland

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 575
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?
Logged
Nigel Palmer
Lowland Masters
Essex, UK
www.lowlandmasters.com

Allen Corneau

  • Full Member
  • ***
  • Offline Offline
  • Posts: 224
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.
Logged
Allen
---
Allen Corneau
Mastering Engineer
Essential Sound Mastering
www.esmastering.com

lowland

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 575
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...
Logged
Nigel Palmer
Lowland Masters
Essex, UK
www.lowlandmasters.com

Bonati

  • Jr. Member
  • **
  • Offline Offline
  • Posts: 95
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.
Logged
Josh Bonati
Brooklyn, NY
www.bonatimastering.com

Rick O'neil

  • Full Member
  • ***
  • Offline Offline
  • Posts: 206
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
Logged
Rick
turtlerockmastering.com
"i think we went to different schools together"

Hallams

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1067
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!!!
Logged
Chris Hallam.
Melbourne, Australia.
 

lowland

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 575
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.
Logged
Nigel Palmer
Lowland Masters
Essex, UK
www.lowlandmasters.com

turtletone

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 601
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.
Logged
Michael Fossenkemper
TurtleTone Studio
info@turtletonestudio.com
www.turtletonestudio.com

Jerry Tubb

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 2761
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
Logged
Terra Nova Mastering
Celebrating 20 years of Mastering!

masterhse

  • Hero Member
  • *****
  • Offline Offline
  • Posts: 1059
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
Logged
Tom Volpicelli
The Mastering House Inc.
CD Mastering and Media Production Services
Pages: 1 2 [3]  All   Go Up
 

Site Hosted By Ashdown Technologies, Inc.

Page created in 0.078 seconds with 20 queries.