The studio, where the Rolling Stones and Led Zeppelin recorded some of their most famous tracks, has been sold for around £3.5m to a businessman who is considering a number of options for the site including opening a cinema.
EMI’s decision to sell Olympic, in Barnes, south-west London, comes days after the troubled music group U-turned on a decision to sell Abbey Road studios after public outcry over the future ownership of the site where the Beatles recorded most of their records.
Sources close to EMI said the group decided to sell Olympic after ending recordings at the loss-making studio last year. Best-selling Irish rock band U2 recorded its last album No Line On The Horizon there as recently as December 2008.
Previous to that the site has hosted numerous rock and pop acts as well as Andrew Lloyd Webber and Tim Rice who recorded their rock musical Jesus Christ Superstar there.
The studio mothballed the studio last year.
The Rolling Stones were one of the first bands to use the studio after it was opened in 1966, laying down tracks for the album Between The Buttons and then recording their next six albums including Beggars Banquet, Let It Bleed and Sticky Fingers there. Led Zeppelin recorded their first album there in 1968, and followed it with tracks for all their albums until 1975. In the 1980s Duran Duran, Roxy Music and Spandau Ballet also used the studio.
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