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February 21, 2010 at 12:00 PM EST

Abbey Road Studios—the famous London music complex where the Beatles recorded the majority of their music—will not be sold, according to a statement issued Sunday by owner EMI. This announcement comes in the wake of a public outcry that followed reports that the cash-strapped EMI would put Abbey Road up for sale to relieve debt. (In addition to save-Abbey-Road campaigns on Facebook and Twitter, composer Andrew Lloyd Webber publicly expressed interest in purchasing the studio.) In today’s statement, though, the company did say that it is “holding preliminary discussions for the revitalisation of Abbey Road with interested and appropriate third parties.” EMI also noted that it turned down an offer last year to buy the studio “in excess of £30m (roughly $46 million) but this was rejected because we believe that Abbey Road should remain in EMI’s ownership.” In addition to the Beatles, which named their 1969 album Abbey Road, artists such as Radiohead and Pink Floyd have recorded at the studio, which began operation in 1931.

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