Record Biz Meltdown Continues: Sony Studios to Close

June 14, 2007 1:40 PM ET

In yet another sign that the music industry might just close up shop and move to Florida, Sony Music Studios — one of New York's biggest recording hubs — will close its doors in August, citing difficult financial times. Elton John, Billy Joel, Jennifer Lopez, Missy Elliott, and Sheryl Crow have all recorded at the storied studios, which have also hosted TV shows, including Nirvana's "MTV Unplugged." The shutdown comes two years after the legendary Hit Factory closed up shop, leaving New York with few powerhouse recording studios.

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