17 May 2012: Air Entertainment Group puts Air Studios on the market
Successful Hampstead based facility Air Studios is to be offered for sale as a going concern. Richard Boote, who bought the studio from Sir George Martin six years ago, has decided to concentrate all his efforts on the new businesses set up over the last two years by the Air Entertainment Group. These include Strongroom Alive Radio, development of Apps and a digital distribution platform to be launched soon. The Strongroom Bar & Kitchen are also to be developed in other locations.
Air Studios was established in 1969 by Sir George Martin in Oxford Street. Air Studios moved to its current location, a prestigious converted Victorian church in London’s Hampstead, in 1992.
Air Studios is constantly used to record major film scores that regularly feature in each year’s Oscar line up. Alongside the large orchestral studios are studios that host some of the world’s greatest recording artists, such as George Michael and Coldplay. The main hall of the studios is regularly used for live concerts and television recordings.
Richard Boote, Chairman of the Air Entertainment Group and founder of Strongroom, who acquired AIR Studios in 2006 said, “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, 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.”
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