One of the most famous recording studio complexes in the UK was Olympic Studios in West London. This is where the Rolling Stones, Led Zeppelin, Queen, Morrissey, Oasis, Bjork, the Arctic Monkeys, the Killers, the Kaiser Chiefs, and Kasabian made music. U2 was also a frequent client. Famous place, but it couldn’t survive and became a victim of the decline of the old record industry.
No one is looking to spend £1500 a day on a studio anymore and the place became a money-loser. Maintenance and upgrades were killing them. These are common problems faced by once-legendary recording facilities that used to generate so much music. A few big studios still survive—Abbey Road is one of them, of course—but their numbers are becoming fewer and fewer.