After 40 years, the postproduction house has closed its doors — at least temporarily. Located in NYC’s Brill Building, Sound One has worked with the likes of Woody Allen, Barry Sonnenfeld, Ang Lee, Ken Burns and Brian DePalma. Nominated for multiple Oscars over the years, Sound One has nearly 100 in-house editing suites and five recording studios among other amenities. Last week Discovery Communications sold CSS Studios — the holding company that owns Sound One, LA’s Soundelux and several other sound studios — to the Miami-based Empire Investment Holdings. Today Sound One released the following statement to Deadline:

Sound One, LLC has announced that in response to the current market conditions in New York, the company is investigating strategic alternatives for its New York operations.  As a first step, the company implemented a short-term temporary lay-off program, while the management team considers a variety of strategic options. This development pertains solely to Sound One, LLC in New York and does not impact CSS Studios’ operations in Los Angeles.