Post House Todd Soundelux Closes Its Doors

Todd Soundelux Closes Bankruptcy

Bankrupt sound house will liquidate

Todd Soundelux, the post-production house with roots stretching back to the 1950s, closed permanently July 10.

Todd Soundelux declared bankruptcy earlier this year. Leslie Cohen, the lawyer who was handling the company’s attempts to find a buyer, confirmed to Variety that the company had shuttered.

“We are working with a liquidator to sell the equipment,” Cohen said. “We will also sell the Hollywood Edge sound library.” Cohen added that with the company in Chapter 11 bankruptcy, a buyer couldn’t be found fast enough to keep clients in place.

Cohen said that few if any employees remained at Todd Soundelux at the end.

Todd-AO was founded to promote Mike Todd’s widescreen cinema format in the early 1950s. The system was a success but the company shifted into the sound business. Soundelux was founded in 1982 by Lon Bender and Wylie Stateman. Liberty Media purchased Soundelux in 1990 and Todd-AO in 2005, but the companies spun off as part of CSS Studios in 2008.

Empire Investment Holdings acquired CSS Studios in 2012 and the next year CSS was renamed Todd Soundelux. But the branding didn’t help, and the company declared Chapter 11 bankruptcy in May 2014.

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  1. DJ says:

    Wow, Cohen said “few employees if any employees remained at Todd Soundelux at the end”. What is the purpose of that statement?

    Are you trying to infur that the employees left, when really the accountants, lawyers and bankers abandoned the employees and thier clients when they needed you most?

    Are you trying to reconcile in your own mind that “not many people were really affected”?

    Or Are you trying to create the impression that Sarbanes Oxley does not apply?

  2. David Bock says:

    Ascent purchased SDX & Todd in 2000.

  3. Mark Hensley says:

    That’s what happens when you offer Cadillac services at Honda prices.

  4. Sick Ofit says:

    Really Variety? Isn’t there a bigger story and issue here? The fact that producers, and financiers continue to ask for everything for nothing. The micro budget features is just an excuse to try and make millions off of nothing in post sound and vfx. The Blumhouse’s, and other so called “low/ micro budget” production companies are killing the post sound and vfx industry.

    Let’s get back to paying talent what they deserve, and try to keep the middle class in LA before is disappears.

  5. Bill says:

    I’d like to see more of an article describing WHY this occurred. Inept management? More post being done in-house?

    It’s not like most post is being done at home with a copy of After Effects, Resolve and ProTools.

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