UK studio unveils loan scheme21 October 2008
UK: Astar Studios has announced the launch of a new loan initiative, reports David Davies. Billing itself as the first professional recording studio in the UK to offer loans for recording purposes, Astar Studios is located in Heywood, Lancashire, and opened in April this year.
The facility – designed with the changing requirements of the independent music scene in mind – is owned by writer/producer Andy Ross.
Under the new scheme, singers, bands and musicians throughout the UK could have access to a loan of up to _5,000, free of interest for two years. The loans are being provided by the Musical Instrument Finance Company (MIFCO), which last year launched the Arts Council/Music Industries Association-backed ‘Take It Away’ scheme for the purchase of musical instruments.
Andy Ross put the development in the context of a fast-changing recording industry in which budgets are more restrictive than was previously the case. “Getting any type of credit has always been extremely difficult for musicians, so the opportunity to offer interest-free finance for recording services sits well with Astar’s philosophy to empower artists with the best possible recordings, visuals and business plan to get them noticed,” he said. “The loans are, of course, subject to status but can be taken out either by the artist directly or on their behalf by a manager, family member or friend. Hopefully this will open the door for many artists and bands to make the record they always dreamed of and spread the costs of promotion and gigging.”
Equipment at Astar Studios includes a 64-channel Tascam DM-4800 desk, Dynaudio BM6A MK11 monitors and Neve pre-amps.
IMAGE CREDIT: Karen McBride