Empire Investment Holdings has acquired CSS Studios from Discovery Communications. CSS Studios is a holding company that owns postproduction sound companies Todd-AO, Soundelux, Sound One, Modern Music, POP Sound, Soundelux Design Music Group and The Hollywood Edge.
The CSS collection of businesses provides creative postproduction sound services to major motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies and interactive producers. The businesses operate out of nine state-of-the-art facilities across Los Angeles and New York City.
“The Empire team understands and respects the importance of these companies to the creative community,” said David Alfonso, Empire’s chairman and chief executive officer. “We intend to protect and enhance the company’s unique value proposition and creative leadership as the preferred destination for some of the most important filmmakers of our time.”
Empire is a private investment firm focused on the acquisition and strategic management of business units from public and private corporations.
“Empire demonstrated a clear passion for the business and emerged as the right owner,” said Andrew Warren, chief financial officer at Discovery Communications.
“We look forward to partnering with the team at Empire, as we focus on continuing to build on the body of award-winning work created by the best talent in the industry,” said Robert Rosenthal, president at CSS Studios.
