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