L.A.-based studio purchased by private co.

Royaltone Studios, a North Hollywood, Calif.-based facility that has hosted such artists as Van Halen, Christina Aguilera, No Doubt, the Dixie Chicks and Audioslave, will close Friday (Feb. 18). President Jane Scobie, who has been with the high-end recording studio for nearly all of its 10-year existence, steps down the same day.

The news comes on the heels of the recent and imminent closing of Cello Studios and New York's Hit Factory, respectively. Royaltone was purchased by a private company, of which artist/producer and Royaltone client Linda Perry is a principal member.

"It's been quite an interesting and special experience to have an environment that is so unique to the music industry and the studio business," says Scobie, a London native and industry veteran who previously ran a producer management company in the U.K. "They didn't have studios like this 10 years ago. We opened the doors to pretty cool projects like Melissa Etheridge and Don Henley, and there are many, many multi-platinum records on the wall."

Scobie attributes Royaltone's closing to fewer projects and diminished recording budgets, coupled with what she describes as a "glut" of commercial studios in the Los Angeles market.