Joint Filing Agreement The undersigned hereby agree that the statement on Schedule 13D with respect to the shares of Common Stock of Four Media Company is, and any amendment thereto signed by each of the undersigned shall be, filed on behalf of each...

                             Joint Filing Agreement

        The undersigned hereby agree that the statement on Schedule 13D with
respect to the shares of Common Stock of Four Media Company is, and any
amendment thereto signed by each of the undersigned shall be, filed on behalf of
each undersigned pursuant to and in accordance with the provisions of 13d-1(k)
under the Securities Exchange Act of 1934, as amended.

Dated: January 25, 1999

                                                WARBURG, XXXXXX EQUITY
                                                  PARTNERS, L.P.

                                                By:    Warburg, Xxxxxx & Co.,
                                                       General Partner

                                                By:    /s/ Xxxxxxx Xxxxxxx
                                                       ------------------------
                                                           Partner

                                                WARBURG, XXXXXX & CO.

                                                By:    /s/ Xxxxxxx Xxxxxxx
                                                       ------------------------
                                                       Partner

                                                X.X. XXXXXXX, XXXXXX & CO., LLC

                                                By:    /s/ Xxxxxxx Xxxxxxx
                                                       ------------------------
                                                       Managing Director