NEWS BULLETIN                                                        EXHIBIT 99


FOR FURTHER INFORMATION:

        POINT.360 7083 HOLLYWOOD BLVD. SUITE 200
        HOLLYWOOD, CA 90028
        Nasdaq: PTSX


AT THE COMPANY:
Alan Steel
Executive Vice President
(323) 860-6206


FOR IMMEDIATE RELEASE - HOLLYWOOD, CA, June 23, 2004

           POINT.360 TO ACQUIRE INTERNATIONAL VIDEO CONVERSIONS, INC.
      Combination expands high definition post production service offering.

Point.360 (Nasdaq: PTSX) ("the Company"), a leading provider of integrated media
management  services,  today  announced  that it has entered  into a  definitive
agreement to acquire  International Video Conversions,  Inc. ("IVC"). IVC is one
of the largest  independent  high  definition  and standard  definition  digital
mastering  and data  conversion  facilities,  serving  the  motion  picture  and
television industry.

Haig S. Bagerdjian, Point.360's Chairman, President and Chief Executive Officer,
said:  "IVC has an outstanding  reputation for technical  innovation and quality
control in the markets served by the combined companies. With annual revenues of
approximately $11 million, IVC will be accretive to both earnings and cash flow.
IVC's  Burbank,  California-based  facility  provides a broad range of services,
including the creation of digital intermediates of filmed content to enable more
economical editing,  color correction and other post production  processes.  IVC
also has a film-processing laboratory that enables in-house restoration of older
film  libraries,  high  definition  film  scanning  and  extensive  expertise in
standard and format conversions."

The  Company  said that the terms of the  acquisition  provided  for an  initial
payment  of $7  million  and  possible  future  payments  of up to $5 million if
targeted  earnings  levels are  achieved  over the next 30 months.  The  initial
payment will be funded by cash on-hand and  borrowings  under the Company's term
loan and revolving credit facility.  The transaction is expected to close within
the next 30 days.

Mr.  Bagerdjian  concluded:  "We believe  this  transaction  will  significantly
increase our technical  expertise in the industry.  The combination  will expand
our breadth of services and alleviate past  bottlenecks  thereby  enabling us to
process larger orders for our customers without having to add capacity."

ABOUT POINT.360

Point.360  is one of the largest  providers  of video and film asset  management
services to owners,  producers and distributors of entertainment and advertising
content.  Point.360 provides the services  necessary to edit, master,  reformat,
archive and ultimately distribute its clients' film and video content, including
television programming, spot advertising, feature films and movie trailers.

The  Company  delivers  commercials,  movie  trailers,  electronic  press  kits,
infomercials and syndicated programming,  by both physical and electronic means,
to hundreds of broadcast outlets worldwide.

The Company  provides  worldwide  electronic  distribution,  using fiber optics,
satellites, and the Internet.

Point.360's  interconnected facilities in Los Angeles, New York, Chicago, Dallas
and San  Francisco  provide  service  coverage  in each of the major U.S.  media
centers. Clients include major motion picture studios,  advertising agencies and
corporations.




FORWARD-LOOKING STATEMENTS

Certain  statements  in Point.360  press  releases may contain  "forward-looking
statements" within the meaning of the Private  Securities  Litigation Reform Act
of 1995. Such statements include,  without limitation (i) statements  concerning
the  Company's  projected  revenues,   earnings,  cash  flow  and  EBITDA;  (ii)
statements of the Company's management relating to the planned focus on internal
growth and acquisitions; (iii) statements concerning reduction of facilities and
actions to  streamline  operations;  (iv)  statements  on actions being taken to
reduce costs and improve  customer  service;  and (v)  statements  regarding new
business and new acquisitions.  Such statements are inherently  subject to known
and  unknown  risks,  uncertainties  and other  factors  that may  cause  actual
results,  performance or achievements of the Company to be materially  different
from those  expected  or  anticipated  in the  forward  looking  statements.  In
addition to the factors  described in the Company's  SEC filings,  including its
quarterly  reports  on Form  10-Q  and its  annual  reports  on Form  10-K,  the
following factors, among others, could cause actual results to differ materially
from those expressed herein: (a) lower than expected net sales, operating income
and earnings;  (b) less than expected growth,  even following the refocus of the
Company  on  sales  and  streamlined  operations;  (c)  actions  of  competitors
including  business  combinations,   technological  breakthroughs,  new  product
offerings and marketing and promotional successes; (d) the risk that anticipated
new business may not occur or be delayed;  (e) the risk of  inefficiencies  that
could arise due to  top-level  management  changes and (f) general  economic and
political conditions that adversely impact the Company's customers'  willingness
or ability to purchase or pay for services from the Company.  The Company has no
responsibility to update forward-looking  statements contained herein to reflect
events or circumstances occurring after the date of this release.