Although nobody officially tracks the number of recording studios, the consensus among industry experts is that the big commercial facilities have taken a major hit. They estimate that as many as half of the L.A. area’s commercial studios have closed or been sold to artists for private use.
Any place that was built as a studio, there’s a lot of money that’s spent, a couple million dollars maybe,” Sorkin said. “People are spending $20,000 to $100,000 on home studios. There’s a big difference in cost.”
As reported by LAT last october