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Business News
Air Studios for sale
By CMU Editorial | Published on Friday 18 May 2012
Air Studios, the studio complex originally established by producer George Martin, is up for sale. Originally based in Central London, Air moved to its current home in Hampstead in 1992.
The studio base was acquired by Richard Boote, founder of the Strongroom studios, in 2006, and since then both the Air and Strongroom complexes have operated under the Air Entertainment Group banner. The group has also expanded its interests into other parts of the entertainment and content industries of late, and it is a desire to focus on those newer ventures that has motivated the sale of the Air Studios itself.
Boote told reporters: “Air Studios is a profitable part of our business and the decision to put Air on the market has been a difficult one. However, with the group’s vision of content creation and a more public-facing focus [around the Strongroom brand], it was felt that the Studios would benefit longer term from having an owner that will continue its great recording heritage that keeps it on a par with Abbey Road”.
