Empire Investment Holdings Acquires CSS Studios

Empire Investment Holdings Acquires CSS Studios

Empire Investment Holdings has acquired CSS Studios, a post production sound company, from Discovery Communications.

CSS Studios, through seven subsidiaries, provides post production sound services to motion picture studios, independent producers, broadcast networks, cable channels, advertising agencies and interactive producers. CSS is comprised of Todd-AO, Soundelux, Sound One, Modern Music, POP Sound, Soundelux Design Music Group, and The Hollywood Edge. The company operates out of nine facilities located in Los Angeles and New York (www.css-studios.com).

“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.

Empire Investment Holdings invests in public and private companies located anywhere in the world that have revenues of at least $25 million and are active in the following sectors: technology; business services; niche manufacturing; and distribution. The firm is based in Miami, FL (www.empireih.com).

“Our team is energized to begin working with the management team and the creative talent within each business,” said David Alfonso, Empire’s chairman and chief executive officer. “We will build upon the successes that the team of creative 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.”

Discovery Communications is the world’s #1 nonfiction media company reaching more than 1.8 billion subscribers in 209 countries and territories. Brands include Discovery Channel, TLC, Animal Planet, Science and Investigation Discovery, as well as US joint venture networks such as the Oprah Winfrey Network, The Hub and 3net. The company is based in New York (www.discoverycommunications.com).

Peter J. Solomon Company acted as financial advisor and Proskauer Rose acted as legal advisor to Discovery Communications.

© 2012 PEPD • Private Equity’s Leading News Magazine • 9-20-12

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