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The city's best-known recording facility, Polar Studios, is set to close its doors May 1 after 26 years in operation.

The studio was built to allow ABBA and other Polar Music artists to consolidate their recording activities in one location. One of the earliest international non-Polar Music projects to be recorded there was Led Zeppelin's 1979 album "In Through the Out Door."

"Even though we are fully booked, we can't continue doing business," Lennart Ostlund (joint owner) says. Based on current market values, he suggests that a "normal" annual rent for a studio the size of Polar would be around 300,000 Swedish kronor ($39,696). "Our landlord wants approximately 2 million kronor," he claims.

From: REUTERS.COM
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