Start smashing those piggy banks; Abbey Road is for sale.  Struggling parent label EMI announced Tuesday that they are selling the legendary recording studio due to financial crisis.

Birthplace of a hefty portion of the Beatles’ discography, Pink Floyd’s Dark Side of the Moon, Radiohead’s The Bends, and countless other music mega giants, Abbey Road has transcended mere studio status and become a true piece of music mythology, a cultural icon, a shrine for Beatles fans and music lovers across the globe. Former Beatle Paul McCartney charmingly quipped to the Financial Times, “It still is a great studio. So it would be lovely if somebody could get a thing together to save it.”

Yes Paul, it would be lovely indeed.

Guest Post By Lara Desmond.

Radiohead have revealed plans to head back to the studio early next year to continue work on their next album.

In a post on their Dead Air Space blog, guitarist Ed O’Brien wrote, “The vibe in the camp is fantastic at present, and we head off into the studio in January to continue on from the work we started last summer.”

“I am so genuinely excited about what we’re doing, but for obvious reasons I can’t divulge anything more,” he continued.

The new album will be the follow-up to 2007’s ‘In Rainbows‘.

Peter Gabriel has announced a few details about his forthcoming covers album.

Gabriel has revealed the track listing for the album, entitled ‘Scratch My Back‘, which includes covers by Radiohead, Arcade Fire, Elbow, and Lou Reed.

The 12-track album will hit store shelves on January 25.

Radiohead frontman Thom Yorke has announced that he has formed a new, as-yet-unnamed, band.

Yorke has teamed up with Red Hot Chili Peppers bassist Flea, REM collaborator Joey Waronker, multi-instrumentalist Mauro Refosco, and producer Nigel Godrich, for the new band which will make their live debut next month.

The unnamed band have announced a two-night performance at the Orpheum in Los Angeles set for October 4 and 5.

Radiohead drummer Phil Selway has announced plans to release a solo album sometime soon.

Selway is currently working on the album in the Radiohead’s Oxfordshire studio.

The drummer, who will sing on the album, has recruited Wilco members Glenn Kotche and Pat Sansone as well as solo artist Lisa Germano and bass player Sebastian Steinberg to collaborate on the album.

No release date has been announced for the as-yet-untitled album.

It’s Friday so what better way to celebrate the end of the work week, for most, than with a contest.

A few weeks ago we told you Capital/EMI Records plan to release expanded ‘Collectors Editions‘ of Radiohead’s ‘Kid A‘, ‘Amnesiac‘, and ‘Hail To The Thief‘.

The label will release both 2-Disc “Collectors Editions” and “Special Collector’s Editions” which will contain a DVD.

A previously unreleased track by Radiohead has reportedly leaked online.

The track, which is entitled ‘These Are My Twisted Words‘, has appeared on YouTube.

The frontman on the track does sound like Radiohead frontman Thom Yorke but no one has confirmed the songs authenticity.

The band have been recording new material with producer Nigel Godrich so there’s a good chance the track could have come off one of those sessions.

You can hear/view the track below and judge for yourself.

Capital/EMI Records have announced plans to release expanded ‘Collectors Editions‘ of Radiohead’s ‘Kid A‘, ‘Amnesiac‘, and ‘Hail To The Thief‘.

The 2-CD “Collectors Editions” and Limited Edition 2CD+DVD “Special Collectors Editions” are set for release on August 25.

The collectors editions will include rare concert recordings, t.v. performances, music videos, as well as other rarities.

See the track listing below.

Radiohead’s Thom Yorke has been confirmed to play a solo show at the forthcoming Latitude festival.

Yorke will play the four-day bash, which takes place in Suffolk, England from July 16-19, on Sunday July 19.

The frontman is set to play the Obelisk Arena at noon (BST).

Radiohead bassist Colin Greenwood has revealed the band are currently recording material for a new forthcoming album.

In a recent interview with the BBC, Greenwood revealed that the band are currently in the studio with longtime producer Nigel Godrich working on the 2007’s ‘In Rainbows‘.

Speaking about the recording progress, Greenwood said, “It was very noisy and chaotic and really fun.”

“It’s at the stage where we’ve got the big Lego box out and we’ve tipped it out on the floor and we’re just looking at all the bits and thinking what’s next?”

“I’m very impressed and grateful for Nigel our producer and his ability to make it all sound vaguely plausible,” he added.

No word on when the new album will be released.