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Producer buys Whitfield Street studios in 3m [pounds sterling] deal.(News)
Producer Robin Millar has secured the future of the famous Whitfield Street studios after negotiating a 3m [pounds sterling] acquisition from Sony last week.
Miller has been in negotiations with the group since it began to scale down and close operations at the facility in September and is selling up his Arts Media studio premises in Battersea to pay for the three studios and eight mastering suites.
He is also talking to two organisations which may provide funding in the future. "I'm not borrowing money, it's mostly my own investment," he adds.
The site, purpose-built in 1965 and originally a CBS operation, was renamed Sony Music Studios in 2000, although it will now revert back to its original Whitfield Street name.
Arts Media's operations, which specialise in adverts, film, TV, jingles and post-production, will now move into Whitfield Street.
"This is a signal that it is back to its best," says Miller. "But the first job I need to do is to make sure what it does is up and running. This is a huge ...