<SUBMISSION>
<ACCESSION-NUMBER>0001144204-07-045981
<TYPE>SC 13D
<PUBLIC-DOCUMENT-COUNT>1
<FILING-DATE>20070823
<DATE-OF-FILING-DATE-CHANGE>20070823
<FILED-BY>
<COMPANY-DATA>
<CONFORMED-NAME>BAGERDJIAN HAIG S
<CIK>0001049776
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D
</FILING-VALUES>
<BUSINESS-ADDRESS>
<PHONE>8185651440
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2777 NORTH ONTARIO ST
<CITY>BURBANK
<STATE>CA
<ZIP>91504
</MAIL-ADDRESS>
</FILED-BY>
<SUBJECT-COMPANY>
<COMPANY-DATA>
<CONFORMED-NAME>POINT 360
<CIK>0001014733
<ASSIGNED-SIC>7819
<IRS-NUMBER>954272619
<STATE-OF-INCORPORATION>CA
<FISCAL-YEAR-END>1231
</COMPANY-DATA>
<FILING-VALUES>
<FORM-TYPE>SC 13D
<ACT>34
<FILE-NUMBER>005-52979
<FILM-NUMBER>071074615
</FILING-VALUES>
<BUSINESS-ADDRESS>
<STREET1>2777 NORTH ONTARIO STREET
<CITY>BURBANK
<STATE>CA
<ZIP>91504
<PHONE>818-565-1440
</BUSINESS-ADDRESS>
<MAIL-ADDRESS>
<STREET1>2777 NORTH ONTARIO STREET
<CITY>BURBANK
<STATE>CA
<ZIP>91504
</MAIL-ADDRESS>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VDI MULTIMEDIA
<DATE-CHANGED>19991115
</FORMER-COMPANY>
<FORMER-COMPANY>
<FORMER-CONFORMED-NAME>VDI MEDIA
<DATE-CHANGED>19960516
</FORMER-COMPANY>
</SUBJECT-COMPANY>
<DOCUMENT>
<TYPE>SC 13D
<SEQUENCE>1
<FILENAME>v085833_sc13d.txt
<TEXT>
                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                  SCHEDULE 13D
                    Under the Securities Exchange Act of 1934

                       Point.360 (formerly named New 360)
--------------------------------------------------------------------------------
                                (Name of Issuer)

                           Common Stock, no par value
--------------------------------------------------------------------------------
                         (Title of Class of Securities)

                                   730507 100
--------------------------------------------------------------------------------
                                 (CUSIP Number)

                               Haig S. Bagerdjian
                            2777 North Ontario Street
                                Burbank, CA 91504
                                 (818) 565-1400
--------------------------------------------------------------------------------
           (Name, Address and Telephone Number of Person Authorized to
                       Receive Notices and Communications)

                                 August 13, 2007
--------------------------------------------------------------------------------
             (Date of Event which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of ss.ss. 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the
following box. |_|

Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See ss.240.13d-7 for other
parties to whom copies are to be sent.

*The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).

                                       1
<PAGE>

CUSIP NO. 730507 100
-------------------- -----------------------------------------------------------
        1.           Name of Reporting Person
                     Haig S. Bagerdjian

                     I.R.S. Identification No. of above person (entities only)
                     Not applicable

-------------------- -----------------------------------------------------------
        2.           Check the Appropriate Box if a Member of a Group. (a) |_|
                                                                       (b) |_|
-------------------- -----------------------------------------------------------
        3.           SEC Use Only
-------------------- -----------------------------------------------------------
        4.           Source of Funds
                     PF
-------------------- -----------------------------------------------------------
        5.           Check if Disclosure of Legal Proceedings is Required
                     Pursuant to Item 2(d) or 2(e).                        |_|
-------------------- -----------------------------------------------------------
        6.           Citizenship or Place of Organization
                     United States
---------------------------- ------ --------------------------------------------
                              7.    Sole Voting Power
                                    3,070,234 shares
                             ------ --------------------------------------------
  Number of Shares            8.    Shared Voting Power
  Beneficially Owned by             0 shares
  Each Reporting Person      ------ --------------------------------------------
  With                        9.    Sole Dispositive Power
                                    3,070,234 shares
                             ------ --------------------------------------------
                              10.   Shared Dispositive Power
                                    0 shares
---------------------------- ------ --------------------------------------------
        11.          Aggregate Amount Beneficially Owned by Each Reporting Perso
                     3,070,234 shares
-------------------- -----------------------------------------------------------
        12.          Check if the Aggregate Amount in Row (11) Excludes Certain
                     Shares.                                               |_|
-------------------- -----------------------------------------------------------
        13.          Percent of Class Represented by Amount in Row (11)
                     29.1%
-------------------- -----------------------------------------------------------
        14.          Type of Reporting Person
                     IN



                                       2
<PAGE>

Item 1.   Security and Issuer

      This Schedule 13D relates to the common stock, no par value (the "Common
Stock"), of Point.360, a California corporation formerly named New 360 (the
"Company"), the principal executive offices of which are located at 2777 North
Ontario Street, Burbank, California 91504.

Item 2.  Identity and Background

      (a) This Schedule 13D is filed by Haig S. Bagerdjian.

      (b) The principal business address of Mr. Bagerdjian is 2777 North Ontario
Street, Burbank, California 91504.

      (c) Mr. Bagerdjian's principal occupation is Chairman, President and Chief
Executive Officer of the Company. The Company is principally engaged in
servicing the post-production needs of entertainment studios, corporations, and
independent producers. The Company's address is 2777 North Ontario Street,
Burbank, California 91504.

      (d) and (e) During the last five years, Mr. Bagerdjian (i) has not been
convicted in a criminal proceeding (excluding traffic violations or similar
misdemeanors) and (ii) has not been a party to a civil proceeding of a judicial
or administrative body of competent jurisdiction and as a result of such
proceeding was or is subject to a judgment, decree or final order enjoining
future violations of, or prohibiting or mandating activities subject to, federal
or state securities laws or finding any violation with respect to such laws.

      (f) Mr. Bagerdjian is a citizen of the United States.

Item 3.  Source and Amount of Funds or Other Consideration

      The information contained in Item 4 is incorporated by reference into this
Item 3.

Item 4.  Purpose of the Transaction

      Prior to August 13, 2007, the Company was a wholly owned subsidiary of
Point.360, a California corporation (the "Predecessor Company"). On August 13,
2007, the Predecessor Company distributed to its shareholders on a pro rata
basis all of the outstanding Common Stock of the Company (the "Spin-Off"). In
the Spin-Off, each shareholder of the Predecessor Company received one share of
Common Stock (and a related preferred share purchase right) for each share of
common stock of the Predecessor Company held by the shareholder as of the record
date of August 7, 2007. By virtue of his ownership of 3,070,234 shares of common
stock of the Predecessor Company (which he had acquired with personal funds),
Mr. Bagerdjian received 3,070,234 shares of Common Stock in the Spin-Off. On
August 14, 2007, the Predecessor Company was merged into DG FastChannel, Inc., a
Delaware corporation, with DG FastChannel, Inc. continuing as the surviving
corporation. The Company subsequently changed its name from New 360 to
Point.360.



                                       3
<PAGE>

      Depending upon market conditions and other factors that Mr. Bagerdjian
deems material, after the date of this Schedule 13D (i) Mr. Bagerjian may
purchase additional shares of Common Stock or other securities of the Company in
the open market, in private transactions or from the Company, or may dispose of
all or a portion of the shares of Common Stock or other securities of the
Company that he now owns or hereafter may acquire, and (ii) Mr. Bagerdjian may
develop plans respecting, or propose changes in, the management, composition of
the board of directors, policies, operations, capital structure or business of
the Company, including a possible future sale of the Company. Mr. Bagerdjian
does not have any present plans or proposals that relate to, or that would
result in, any of the events described in paragraphs (a) to (j) of Item 4 of the
Schedule 13D instructions. Mr. Bagerdjian reserves the right to formulate plans
or make proposals, and take such actions with respect to his investment in the
Company, including any or all of the items specified in paragraphs (a) to (j) of
Item 4 of the Schedule 13D instructions and any other actions as he may
determine.

Item 5.  Interest in Securities of the Issuer

      Mr. Bagerdjian is the beneficial owner of 3,070,234 shares of Common
Stock, constituting 29.1% of such class. Mr. Bagerdjian has sole power to vote,
direct the vote of, dispose of, and direct the disposition of, the shares of
Common Stock that are described in the preceding sentence.

      Except in connection with his receipt of shares of Common Stock in the
Spin-Off described in Item 4, Mr. Bagerdjian has not effected any transactions
in the Common Stock during the sixty days prior to the date of this Schedule
13D.

Item 6.  Contracts, Arrangements, Understandings or Relationships with Respect
to Securities of the Issuer

      None

Item 7.  Material to be Filed as Exhibits

      None.




                                       4
<PAGE>


                                    Signature

      After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this Statement is true, complete and
correct.


August 21, 2007                                   /s/ Haig S. Bagerdjian
                                                  ----------------------
                                                  HAIG S. BAGERDJIAN































                                       5
</TEXT>
</DOCUMENT>
</SUBMISSION>
