Half of all recording studios could fail within three months

The Music Producers Guild's Executive Director Olga FitzRoy has warned that half of all commercial recording studios could go out of business within three months without further government support, and "the knock-on effects on the wider industry will be disastrous". 6% could close within one month, and only 22% have been able to negotiate a rent reduction from their landlords. Jasmin Lee, Managing Director of Dean Street Studios, said: “Studios seem to be bottom of the food chain in the music industry, always being beaten down on rates... Many of us have put our life savings into starting our studios and keeping our doors open.”