Universal Music Group (UMG) has added another world-famous recording studio to its property portfolio.
The company paid $4.3 million for Nashville’s Berry Hill-based House of Blues in November 2018, according to this report in the Tennessean.
UMG also owns Capitol Studios in Los Angeles and Abbey Road Studios in London, which it acquired as part of EMI in 2012.
And in 2016 UMG opened the boutique Forbes Street Studios in Sydney, Australia.
The Nashville recording complex boasts five commercial studios and and several ‘producer cottages’ housed in a total of eight buildings.
Artists that have recorded there include Kacey Musgraves, Myley Cyrus, Robert Plant and many others.
“UMG has acquired the House of Blues Studios in Berry Hill with the intention to modernize the space, while remaining respectful of its legendary and iconic status in Nashville’s music scene,” said a UMG spokesperson, speaking to the the Tennessean.
“We will have more details to share about our exciting plans for the studio in the near future.”
Yesterday, (January 7) a report from Deutsche Bank gave UMG a €29bn valuation ($33.25bn at current exchange rates).Music Business Worldwide