UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                              Washington, DC 20549

                                    FORM 8-K

                                 CURRENT REPORT
                     PURSUANT TO SECTION 13 OR 15(d) OF THE
                        SECURITIES EXCHANGE ACT OF 1934


Date of Report (Date of earliest event reported)         February 26, 2004
                                                 -------------------------------


                                   POINT.360
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             (Exact name of registrant as specified in its charter)


                                   California
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                 (State or other jurisdiction of incorporation)


         0-21917                                  95-4272619
- -------------------------------   ----------------------------------------------
   (Commission File Number)           (IRS Employer Identification No.)


  7083 Hollywood Boulevard, Suite 200, Hollywood, CA       90028
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   (Address of principal executive offices)              (Zip Code)


                                 (323) 957-7990
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              (Registrant's telephone number, including area code)


          ----------------------------------------------------------
         (Former name or former address, if changed since last report)





Item 7. FINANCIAL STATEMENTS AND EXHIBITS.

   99   Press release dated February 26, 2004.


Item 12. RESULTS OF OPERATIONS AND FINANCIAL CONDITION.

        Point.360  today issued a press release  announcing  fourth  quarter and
year end  results.  Included  in the press  release  issued by the  Company  and
furnished  herewith  as  Exhibit 99 are  certain  non-GAAP  financial  measures.
Management of the Company believes such non-GAAP  financial  measures are useful
to investors  assessing  the financial  condition and results of operations  and
because they exclude special charges which management  believes are atypical and
unlikely to occur with regularity in the future.

        A copy of the press release follows as Exhibit 99.



                                   SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                                    Point.360
                                        ----------------------------------
                                                  (Registrant)



        Date: February 26, 2004         By: /s/ Alan R. Steel
                                        ----------------------------------
                                            Alan R. Steel
                                            Executive Vice President,
                                            Finance and Administration,
                                            Chief Financial Officer







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