The story broke yesterday that legendary audio post company Todd-Soundelux, formerly CSS Studios, filed for Chapter 11. The company, which has 56 Academy Award nominations to its credit and 23 Oscars, says it’s restructuring and readying itself for sale.
While the company’s POP Sound and Burbank locations remain fully operational and working on contracted film and television projects, the Santa Monica and Hollywood offices have closed. That leaves some of the largest and most storied stages sitting idle for now.
According to a Todd-Soundelux press release, “This action has been necessitated by a significant decline in revenues, primarily in the feature film segment, which has impacted the independent post production sound business in the Los Angeles area.”
Please check back for more information on this developing story.
Pictured is Stage 1 at the now shuttered Todd-Soundelux Hollywood location.