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                                                                    EXHIBIT 21.0
 
                              LIST OF SUBSIDIARIES
 
  Following the Reorganization described in the Registration Statement the
subsidiaries of Four Media Company, a Delaware corporation, will be as follows:
 
<TABLE>
<CAPTION>
            NAME                         STATE OF INCORPORATION           PERCENT OWNED          
- ----------------------------             ----------------------     --------------------------   
<S>                                      <C>                        <C>                          
1. 4MC-Burbank, Inc.                     Delaware                   100% by Four Media Company   
2. Four Media Company Asia PTE. Ltd.     Republic of Singapore      100% by Four Media Company   
3. Digital Magic Company                 Delaware                   100% by Four Media Company   
4. Catalina Transmission Corp.           Delaware                   100% by 4MC-Burbank, Inc.    
5. Meridian Sound Corp.                  Delaware                   100% by 4MC-Burbank, Inc.     
</TABLE>
