Miami, FL (September 25, 2012)—Empire Investment Holdings has acquired CSS Studios, LLC, whose holdings comprise the largest independent post production sound company in North America, from Discovery Communications, Inc.
Through this acquisition, Empire, a private investment firm focused on the acquisition and strategic management of business units from public and private corporations, adds post production facilities Todd-AO, Soundelux, Sound One, Modern Music, POP Sound, Soundelux Design Music Group and The Hollywood Edge to its global portfolio.
The CSS collection of businesses provide creative post production sound services to major motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies and interactive producers. The businesses operate out of nine facilities across Los Angeles and New York City.
The acquisition of CSS by Empire is part of a long-term strategic effort aiming to build value across the CSS brands and allow CSS to focus on the strategic direction of the company. "The Empire team understands and respects the importance of these companies to the creative community," said David F. 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 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 C. Rosenthal, president at CSS Studios.
"Our team is energized to begin working with the management team and the creative talent within each business," said Alfonso. "We will build upon the successes that the team of creative sound editorial and mixing talent has created over the years, while promoting an environment that will continue to set the standard and produce award winning results."
Empire Investment Holdings
CSS Studios, LLC