Point.360 Purchases Burbank Facility

July 8, 2008

Source: Point.360

Point.360, a leading provider of integrated media management services, today announced that it had purchased the land and building housing its Hollywood Way, Burbank post production business for $8 million. Point.360 provides high level audio and video post production services from the 32,000 square foot building which it has occupied for over 10 years.

Haig S. Bagerdjian, the company's Chairman, President and Chief Executive Officer said: "The purchase of the property fixes our facility costs at this location for the foreseeable future. We will avoid the need to negotiate long lease arrangements in the expensive Burbank market as well as improve our annual EBITDA and cash flow by approximately $0.7 million and $0.2 million, respectively. We financed $6 million of the purchase price with a 30-year mortgage at an interest rate of three-month LIBOR plus 3.9%."

About Point.360

Point.360 is a leading integrated media management services company providing film, video and audio post-production, archival, duplication, computer graphics and distribution services to motion pictures studios, television networks, independent production companies and multinational companies. Point.360 provides the services necessary to edit, master, reformat and archive clients' audio and video content, including television programming, feature films and movie trailers.

Point.360's interconnected facilities provide service coverage to all major U.S. media centers. Clients include major motion pictures studios, advertising agencies and corporations.

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