Friday April 30, 8:01 am Eastern Time

Company Press Release

SOURCE:  Four Media Company

Four Media Company Completes Acquisition
of TVP Group Plc

- - Expands Geographic Reach to Strategic UK Market - - Broadens Client Base and
Increases Service Capabilities

BURBANK, Calif., April 30/PRNewswire/ -- Four Media Company (Nasdaq:  FOUR -
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news) today announced that it has acquired all of the outstanding shares of TVP
Group Plc ("TVP"), a London-based provider of technical and creative services to
the entertainment industry, including U.K. and European media companies and the
international operations of the U.S. major motion picture and television
studios.  The purchase price consists of approximately $10.0 million in cash,
including the repayment of debt, plus an additional amount of up to $800,000 in
the form of a contingent payment based upon, among other things, operating
results achieved for the twelve months following the acquisition.

Commenting on the transactions, Robert T. Walston, Chairman and Chief Executive
Officer of Four Media Company stated, "The acquisition of TVP represents a
significant step in the globalization of our business.  TVP was formed 16 years
ago by Simon Kay and Nick Panaman.  They have demonstrated their ability to
build and sustain a profitable business and we welcome them to our senior
management team.  The addition of TVP to the Four Media family will enable us to
service the global needs of our existing client base, while establishing a
substantial presence in the expanding U.K. and European markets."

Simon Kay, Co-Managing Director of TVP added, "The combination of Four Media
Company and TVP creates a formidable presence in the U.K. market.  With their
support, we will now be able to grow more rapidly to meet our clients' expanding
service needs.  We look forward to leveraging Four Media's experience in the
U.S. and Asia as well as working together to grow the combined group's U.K. and
European business."

TVP provides an extensive array of services including professional duplication,
telecine, standards conversion, editing and DVD mastering and authoring to a
broad range of studio clients through its TVP Videodubbing and Post Box
operating units.  Existing management will remain in place and have entered into
long-term employment agreements concurrent with the closing of the acquisition.

Four Media Company is a leading provider of technical and creative services to
owners, producers and distributors of television programming, feature films and
other entertainment 

 
product both domestically and internationally. The Company's services integrate
a variety of systems and processes to enhance the creation and distribution of
entertainment content. Four Media's client base includes the world's largest
entertainment companies. As a result of its investments and acquisitions, Four
Media Company is one of the largest and most diversified providers of technical
and creative services to the entertainment industry, which enables the Company
to offer its customers a single source for such services.

This press release contains forward-looking statements which are made pursuant
to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of
1995.  Words such as "intends", "believes" and similar expressions reflecting
something other than historical fact are intended to identify forward-looking
statements, but are not the exclusive means of identifying such statements.
These forward-looking statements involve a number of risks and uncertainties,
including the timely development and market acceptance of products and
technologies, successful integration of acquisitions, the ability to secure
additional sources of financing, the ability to reduce operating expenses and
other factors described in the Company's filings with the Securities and
Exchange Commission.  The actual results that the Company achieves may differ
materially from any forward-looking statement due to such risks and
uncertainties.  The Company undertakes no obligations to revise or update any
forward-looking statements in order to reflect events or circumstances that may
arise after the date of this release.

SOURCE:  Four Media Company

More Quotes and News:  Four Media Co (Nasdaq: FOUR - news)
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Related News Categories:  computers, entertainment
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