After parent CSS's sale, management considers options
Hot off Empire Invesment Holdings’ purchase of CSS Studios from Discovery Communications on Friday, longtime Gotham audio studio Sound One announced that in response to market conditions it will be “investigating strategic alternatives” for its New York operations.
The first step includes what the company calls “a short-term temporary layoff program while the management team considers a variety of strategic options.”
Sound One, one of New York’s oldest audio post-production facilities, is one of seven businesses that make up the CSS portfolio, which also includes Todd-AO, Soundelux, Modern Music, POP Sound, Soundelux Design Music Group and the Hollywood Edge. The cutbacks apply solely to Sound One and do not extend to CCS Studios’ Los Angeles operations.
Over the years Sound One, based in the historic Brill Building, has handled such films as “Premium Rush,” “Midnight in Paris,” “Black Swan” and Brokeback Mountain.”