History
The New York facility was purchased from Jerry Ragovoy by Edward Germano on March 6, 1975.
From 1989 to 1993, the company also operated The Hit Factory London. This facility ilater became Sony's Whitfield Street Studios
In 1999, The Hit Factory purchased Criteria Recording in Miami, Florida, revamping and reopening the studios under the new name The Hit Factory Criteria Miami.
After Germano's death in 2003, the business was taken over by his wife Janice Germano.
Hit Factory was closed on April 1, 2005. The last album to be recorded there was Octavarium by Dream Theater. The business' base of operations moved to the remaining Hit Factory Criteria Miami in March 2005. The New York Daily News reported:
- Big-name studios like The Hit Factory once had a lock on the recording industry, but technological advances have made it cheaper and easier for stars to build their own state-of-the-art facilities, often in their homes. In a statement, The Hit Factory acknowledged the industry is moving away from large-scale studios to "destination" locations like Miami that offer sunny weather and a hot nightlife.
In December 2006 Stribling and Assocs, a New York real-estate broker, began marketing The Hit Factory as a luxury condominium. Twenty-seven loft-style apartments went on sale, including six duplexes. Prices started at about $1 million. The developers have said that there will continue to be rehearsal space for musicians on the ground floor. In 2011, New York Knicks basketball player Carmelo Anthony and his wife, entertainer La La Vazquez, moved into a penthouse apartment in the W. 54th Street condominium building.
Read more about this topic: The Hit Factory
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