Andrew Lloyd Webber may buy the iconic Abbey Road recording studios who have been hit by debts of over three billion.
It was first made famous by The Beatles on their Abbey Road album and Lord Lloyd Webber is in talks over the North London building owned by music company EMI as it is a place he has mixed memories of. The composer first recorded at the St John's Wood site with Tim Rice in 1967 and was mixing work for his new Phantom sequel Love Never Dies there when his battle against cancer began last year. The soundtracks for Phantom of the Opera, Starlight Express and Evita were all made there.
A spokesman has said: "Andrew is very interested in buying Abbey Road Studios. He thinks it vital the studios are saved for the future of the music industry in the UK."
There have been calls for the National Trust to buy it and Radio 2’s Chris Evans has urged Sir Paul McCartney to save Abbey Road "for the nation". EMI who bought the studios in 1929 have refused to comment.
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