THINK NEW IDEAS, INC.
                               LOSS PER SHARE CALCULATIONS
                           YEARS ENDED JUNE 30, 1997 AND 1996

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                                                                   YEAR ENDED            
                                                                     JUNE 30,            
                                                             --------------------------  
                                                                1997          1996       
                                                             ------------ -------------  
<S>                                                             <C>           <C>        

PRO FORMA LOSS PER SHARE                                                                 
Net loss (Pro Forma in 1996)                                 (7,571,163)     (824,664)   
Interest on convertible debt issued with conversion 
  rates below the IPO price during the period beginning                                    
  one year prior to the initial filing of the 
  registration statement.                                        10,459        19,463                               
                                                             ----------   -----------
                                                                                         
Net loss (Pro forma in 1996) used in the 
  calculation ...........................................    (7,560,704)     (805,201)   
                                                             ----------   -----------  
                                                                                         
Weighted average number of shares outstanding............     2,069,673     1,134,364   
Adjustments for "cheap" shares--                                                         
 Effect of shares issued during 1996.....................          ----       882,646   
 Effect of shares issued in Initial Public Offering......     1,278,219          ----   
 Effect of shares issued on May 31, 1997 in                                              
   connection with an acquisition........................        10,192          ----   
 Shares issuable pursuant to convertible debt                                            
   issued in March 1996..................................       216,667       216,667   
 Shares issuable pursuant to convertible debt issued                                          
   in April 1996.........................................       216,660       216,660   
 Shares issued in August 1996 private placement .........       938,667       938,667   
 Repurchases assumed, using the treasury stock method ...       (91,741)     (882,323)   
                                                           ------------   -----------
                                                                                         
Shares used in the calculation...........................     4,637,337     2,506,681   
                                                           ------------   -----------  

Loss per share (Pro forma in 1996)......................         $(1.63)       $(.32)   
                                                           ============   ==========  
                                                                                         
SUPPLEMENTAL PRO FORMA LOSS PER SHARE
-------------------------------------
                                                                                         
Net loss (Pro forma in 1996) used in pro                     
  forma loss per share calculation.....................     $(7,560,704)   $(805,201)                                  
Interest on debt extinguished using a portion                                            
  of proceeds obtained through the private placement 
  of shares............................................          95,491      224,212   
                                                            -----------    ---------
Supplemental pro forma net loss used in the                 
  calculation..........................................     $(7,465,213)   $(580,989)    
                                                            -----------    ---------
                                                                                         
Shares used in pro forma loss per share                       
  calculation..........................................       4,638,337    2,506,681                                       
Increase in weighted average number of shares                
  outstanding  if the proceeds from the shares 
  sold to fund debt extinguishment had been 
  used to repay debt on the date such debt was 
  issued, rather than for the assumed purchase of                                                 
  treasury stock......................................           74,723      111,197                            
                                                            -----------   ----------  
Shares used in the calculation .......................        4,713,060    2,617,878   
                                                            -----------   ----------    
                                                                                         
Supplemental loss per share (Pro forma in 1996).......           $(1.58)       $(.22)   
                                                             ==========    =========  
                                                                             
            
NOTE - The amounts of fully  diluted  loss per share and  supplemental  loss per
       share would not differ from the amounts shown above.


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