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Non-Tech : Todd-AO (todda) -- Ignore unavailable to you. Want to Upgrade?

To: Wade who wrote (40)	6/13/1999 8:15:00 PM
From: LOUKY	Respond to of 58

Todd-AO to Merge New York Unit With Rival Sound One New York, June 10 (Bloomberg) -- Todd-AO Corp., the award- winning video- and sound-editing studio that worked on the movie ''Titanic,'' said it will merge its New York unit with rival Sound One Corp. to edit more films made in the city. Terms of the agreement weren't disclosed. Sound One, the New York-based movie-sound studio that's worked on films like ''Fargo'' and ''You've Got Mail,'' will keep its name after the combination. Jeremy Koch, Sound One's president, will continue in his position and also be senior vice president of Todd-AO. Woody Allen, Brian DePalma and Robert Altman are among the producers who have used Sound One's services, while Todd-AO's Manhattan sound studio is used by Steven Spielberg, Sydney Pollack and Ron Howard. Los Angeles-based Todd-AO said the combined companies will boost sales by taking advantage of the tenfold increase in New York City movie production over the past five years. The studio has won 19 Academy Awards for video and sound editing since its founding in 1952 by Michael Todd, Elizabeth Taylor's third husband. The merger comes as Todd-AO's shares had lost about a third of their value over the past 13 months before company officials said last week Lazard Freres & Co. had been hired to advise it on a possible sale, merger or joint venture. Todd-AO shares fell 7/16 to 10 1/16. Sound One rose 5 to 8. The transaction is expected to be completed in about a month. Officials from both companies had no immediate comment. Jun/10/1999 16:33 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.

To: Wade who wrote (40)	6/13/1999 8:19:00 PM
From: LOUKY	Read Replies (1) \| Respond to of 58

Todd-AO to Merge New York Unit With Rival Sound One New York, June 10 (Bloomberg) -- Todd-AO Corp., the award- winning video- and sound-editing studio that worked on the movie ''Titanic,'' said it will merge its New York unit with rival Sound One Corp. to edit more films made in the city. Terms of the agreement weren't disclosed. Sound One, the New York-based movie-sound studio that's worked on films like ''Fargo'' and ''You've Got Mail,'' will keep its name after the combination. Jeremy Koch, Sound One's president, will continue in his position and also be senior vice president of Todd-AO. Woody Allen, Brian DePalma and Robert Altman are among the producers who have used Sound One's services, while Todd-AO's Manhattan sound studio is used by Steven Spielberg, Sydney Pollack and Ron Howard. Los Angeles-based Todd-AO said the combined companies will boost sales by taking advantage of the tenfold increase in New York City movie production over the past five years. The studio has won 19 Academy Awards for video and sound editing since its founding in 1952 by Michael Todd, Elizabeth Taylor's third husband. The merger comes as Todd-AO's shares had lost about a third of their value over the past 13 months before company officials said last week Lazard Freres & Co. had been hired to advise it on a possible sale, merger or joint venture. Todd-AO shares fell 7/16 to 10 1/16. Sound One rose 5 to 8. The transaction is expected to be completed in about a month. Officials from both companies had no immediate comment. Jun/10/1999 16:33 For more stories from Bloomberg News, click here. (C) Copyright 1999 Bloomberg L.P. Any redistribution of Bloomberg content, including by framing or similar means, is expressly prohibited without the prior written consent of Bloomberg L.P. Any reference to the material must be properly attributed to Bloomberg News. The information herein was obtained from sources which Bloomberg L.P. and its suppliers believe reliable, but they do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any securities or commodities.(C) Copyright 1999 Bloomberg L.P. BLOOMBERG, Bloomberg News, Bloomberg Financial Markets, Bloomberg Television, Bloomberg News Radio are trademarks, tradenames and service marks of Bloomberg L.P.