http://news.bbc.co.uk/2/hi/entertainment/8519706.stm
Apparently, it's not a profitable use of prime London real estate any more:
"It is an extensive piece of real estate and it must cost a lot to run," said Dave Robinson of Pro Sound News Europe magazine.
"There are easier ways to make records these days, with a laptop and a microphone. You don't need these big places."
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