DigitalSound Production Services Inc., which has provided lighting and sound for bands and movies, won bankruptcy court approval to sell its assets for about $6.4 million, the Wall Street Journal reported on Thursday. Bankruptcy Judge Martin R. Barash on Dec. 24 authorized the sale of the Los Angeles-area company’s assets to Video Equipment Rentals and Production Resource Group LLC, court papers show. DigitalSound attorney Susan Seflin said the deal consists of $4.35 million in cash and the assumption of nearly $2.1 million in liabilities. She said that the sale is set to close on Jan. 5 and is expected to provide jobs for at least 12 of DigitalSound’s 28 employees.
