Joint Filing Agreement

                             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