SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------
SCHEDULE 13G
(Rule 13d-102)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULES 13d-1(b),(c), AND (d) AND AMENDMENTS THERETO FILED
PURSUANT TO RULE 13d-2(b)
(Amendment No. 1)
Blockbuster Inc.
--------------------
(Name of Issuer)
Class A Common Stock, $0.01 Par Value Per Share
----------------------------------------------------
(Title of Class of Securities)
93679108
---------------------
(CUSIP Number)
April 5, 2002
- ------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule
pursuant to which this Schedule is filed:
/ / Rule 13d-1(b)
/ / Rule 13d-1(c)
/X/ Rule 13d-1(d)
- ----------
*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 the
disclosures provided in a prior cover page.
The information required in 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).
Page 1 of 11 Pages
CUSIP NO. 93679108 Page 2 of 11 Pages
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Viacom International Inc.
-------------------------------------------------------
I.R.S. Identification No. 04-2980402
-------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
-------------------------------------------------------
/ / (b)
-------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------
(4) Citizenship or Place of Organization Delaware
- ------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ------------------
Beneficially (6) Shared Voting Power 144,033,600(1)
Owned by ------------------
Each (7) Sole Dispositive Power 0
Reporting ------------------
Person With (8) Shared Dispositive Power 144,033,600(1)
-------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
144,033,600 (1)
-------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
-------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
80.9%(1)
-------------------------------------------------------
(12) Type of Reporting Person (See Instructions) CO
-------------------------------------------------------
(1) Includes 144,000,000 Class B Shares (as defined in Item
4) beneficially owned by the Reporting Persons.
CUSIP NO. 93679108 Page 3 of 11 Pages
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
Viacom Inc.
-------------------------------------------------------
I.R.S. Identification No. 04-2949533
-------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
-------------------------------------------------------
/ / (b)
-------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------
(4) Citizenship or Place of Organization Delaware
- ------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ------------------
Beneficially (6) Shared Voting Power 144,033,600(1)
Owned by ------------------
Each (7) Sole Dispositive Power 0
Reporting ------------------
Person With (8) Shared Dispositive Power 144,033,600(1)
-------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
144,033,600 (1)
-------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
-------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
80.9%(1)
-------------------------------------------------------
(12) Type of Reporting Person (See Instructions) CO
-------------------------------------------------------
(1) Includes 144,000,000 Class B Shares (as defined in Item
4) beneficially owned by the Reporting Persons.
CUSIP NO. 93679108 Page 4 of 11 Pages
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
NAIRI, Inc.
-------------------------------------------------------
I.R.S. Identification No. 04-3446887
-------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
-------------------------------------------------------
/ / (b)
-------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------
(4) Citizenship or Place of Organization Delaware
- ------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ------------------
Beneficially (6) Shared Voting Power 144,033,600(1)
Owned by ------------------
Each (7) Sole Dispositive Power 0
Reporting ------------------
Person With (8) Shared Dispositive Power 144,033,600(1)
-------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
144,033,600 (1)
-------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
-------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
80.9%(1)
-------------------------------------------------------
(12) Type of Reporting Person (See Instructions) CO
-------------------------------------------------------
(1) Includes 144,000,000 Class B Shares (as defined in Item
4) beneficially owned by the Reporting Persons.
CUSIP NO. 93679108 Page 5 of 11 Pages
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
National Amusements, Inc.
-------------------------------------------------------
I.R.S. Identification No. 04-2261332
-------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
-------------------------------------------------------
/ / (b)
-------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------
(4) Citizenship or Place of Organization Maryland
- ------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ------------------
Beneficially (6) Shared Voting Power 144,033,600(1)
Owned by ------------------
Each (7) Sole Dispositive Power 0
Reporting ------------------
Person With (8) Shared Dispositive Power 144,033,600(1)
-------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
144,033,600 (1)
-------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
-------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
80.9%(1)
-------------------------------------------------------
(12) Type of Reporting Person (See Instructions) CO
-------------------------------------------------------
(1) Includes 144,000,000 Class B Shares (as defined in
Item 4) beneficially owned by the Reporting Persons.
CUSIP NO. 93679108 Page 6 of 11 Pages
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUMNER M. REDSTONE
-------------------------------------------------------
S.S. No.
-------------------------------------------------------
(2) Check the Appropriate Box if a Member of Group (See
Instructions)
/ / (a)
-------------------------------------------------------
/ / (b)
-------------------------------------------------------
(3) SEC Use Only
-------------------------------------------------------
(4) Citizenship or Place of Organization
United States
- ------------------------------------------------------------
Number of (5) Sole Voting Power 0
Shares ------------------
Beneficially (6) Shared Voting Power 144,033,600(1)
Owned by ------------------
Each (7) Sole Dispositive Power 0
Reporting ------------------
Person With (8) Shared Dispositive Power 144,033,600(1)
-------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting
Person
144,033,600 (1)
-------------------------------------------------------
(10) Check if the Aggregate Amount in Row (9) Excludes
Certain Shares (See Instructions)
-------------------------------------------------------
(11) Percent of Class Represented by Amount in Row (9)
80.9%(1)
-------------------------------------------------------
(12) Type of Reporting Person (See Instructions) IN
-------------------------------------------------------
(1) Includes 144,000,000 Class B Shares as defined in
Item 4) beneficially owned by the Reporting
Persons.
Page 7 of 11 Pages
Item 1(a). Name of Issuer:
--------------
Blockbuster Inc. (the "Issuer" or "Blockbuster").
Item 1(b). Address of Issuer's Principal Executive Offices:
-----------------------------------------------
1201 Elm Street
Dallas, Texas 75270
Item 2(a). Name of Person Filing:
---------------------
This Statement is filed on behalf of Viacom
International Inc., ("VII"), Viacom Inc., ("VI" or "Viacom"),
NAIRI, Inc., ("NAIRI"), National Amusements, Inc. ("NAI"), and
Mr. Sumner M. Redstone, (collectively, the "Reporting Persons").
All of VII's voting stock is owned by VI;
approximately 68% of VI's voting stock is owned by NAIRI,
which in turn is owned 100% by NAI; Mr. Sumner M. Redstone
is the controlling shareholder, Chairman and Chief Executive
Officer of NAI, Chairman and President of NAIRI, Chairman
and Chief Executive Officer of VI, and Chairman and Chief
Executive Officer of VII.
Item 2(b). Address of Principal Business Office or,
if None, Residence:
----------------------------------------
VII's address is 1515 Broadway, New York, New York 10036
VI's address is 1515 Broadway, New York, New York 10036
NAIRI's address is 200 Elm Street, Dedham, MA 02026
NAI's address is 200 Elm Street, Dedham, MA 02026
Mr. Redstone's address is 200 Elm Street, Dedham, MA 02026.
Item 2(c). Citizenship:
------------
VII is a Delaware corporation.
VI is a Delaware corporation.
NAIRI is a Delaware corporation.
NAI is a Maryland corporation.
Mr. Redstone is a citizen of the United States.
Item 2(d). Title of Class of Securities
----------------------------
The Issuer's Class A common stock, par value $.01
per share (the "Class A Shares").
Item 2(e). CUSIP Number
------------
93679108
Item 3. If This Statement is Filed Pursuant to
Rule 13d-1(b), or 13d-2(b) or (c),
Check Whether the Person Filing is a:
--------------------------------------
Not applicable.
Page 8 of 11 Pages
Item 4. Ownership.
---------
The beneficial ownership of Class A Shares reported in
this statement is pursuant to the Reporting Persons (defined
in Item 2 above) ownership of (i) the Issuer's Class B
Common Stock, par value $.01 per share (the "Class B
Shares") which are convertible into Class A Shares on a one-
for-one basis under certain circumstances, and (ii) Class A
Shares (the Class A Shares together with the Class B Shares,
the "Common Shares"). The Class A Shares carry one vote per
share and the Class B Shares carry five votes per share.
As of the close of business on April 8, 2002, each
of VII, VI, NAIRI, NAI and Mr. Sumner M. Redstone
beneficially owned one hundred forty-four million thirty-
three thousand six hundred (144,033,600) Class A Shares,
comprised of (i) thirty-three thousand six hundred
(33,600) Class A Shares, and (ii) one hundred forty-four
million (144,000,000) Class B Shares convertible into
Class A Shares on a one-for-one basis; representing
approximately 80.9% of the Issuer's Class A Shares (based
upon 178,019,354 Common Shares that were reported by the
Issuer to be issued and outstanding as of March 8, 2002,
and assuming conversion in full of the Class B Shares
into Class A Shares).
Due to the relationship among the Reporting Persons as
described in Item 2(a) hereof, each of the Reporting Persons
may be deemed to share with each of the other Reporting
Persons power (i) to vote or direct the vote and (ii) to
dispose or to direct the disposition of the Issuer's Common
Shares covered by this Statement.
Class A Shares were purchased on April 5, 2002 and
April 8, 2002 by VII to maintain its ownership position
of no less than 80% of the Common Shares. VII anticipates
that it may purchase, from time to time, additional Common
Shares to maintain its ownership position of Blockbuster
at no less than 80% of the Common Shares in order to
allow Viacom to continue to include Blockbuster in its
federal consolidated income tax returns.
Item 5. Ownership of Five Percent or Less of a Class.
--------------------------------------------
Not Applicable
Item 6. Ownership of More than Five Percent
on Behalf of Another Person.
-----------------------------------
See Items 2(a) and 4 hereof.
Page 9 of 11 Pages
Item 7. Identification and Classification of the Subsidiary
Which Acquired the Security Being Reported on
By the Parent Holding Company or Control Person.
-----------------------------------------------------
Not Applicable
Item 8. Identification and Classification of
Members of the Group.
------------------------------------
Not Applicable
Item 9. Notice of Dissolution of Group.
------------------------------
Not Applicable
Item 10 Certifications.
----------------
Not Applicable
Page 10 of 11
After reasonable inquiry and to the best of our
knowledge and belief, we certify that the information set
forth in this statement is true, complete and correct.
Pursuant to Rule 13d-1(k)(1), we agree that this statement
is filed on behalf of each of us.
Date: April 8, 2002
VIACOM INTERNATIONAL INC.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
General Counsel and
Secretary
VIACOM INC.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President,
General Counsel and
Secretary
NAIRI, INC.
By: /s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Chairman and President
NATIONAL AMUSEMENTS, INC.
By: /s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone
Chairman and
Chief Executive Officer
By: /s/ Sumner M. Redstone
-----------------------
Sumner M. Redstone,
Individually
Exhibit to Amendment No. 1 Page 11 of 11 Pages
to Schedule 13G
JOINT FILING AGREEMENT
The undersigned hereby agree that the Statement on
Schedule 13G, dated April 8, 2002 (the "Schedule 13G"),
with respect to the Class A Common Stock, par value $0.01
per share, of Blockbuster Inc., is, and any amendments
executed by us shall be, filed on behalf of each of us
pursuant to and in accordance with the provisions of Rule
13d-1(k) under the Securities Exchange Act of 1934, as
amended, and that this Agreement shall be included as an
exhibit to the Schedule 13G and each such amendment. Each
of the undersigned agrees to be responsible for the timely
filing of the Schedule 13G and any amendments thereto, and
for the completeness and accuracy of the information
concerning itself contained therein. This agreement may be
executed in any number of counterparts, all of which taken
together shall constitute one and the same instrument.
IN WITNESS WHEREOF, the undersigned have executed this
Agreement as of the 8th day of April, 2002.
VIACOM INTERNATIONAL INC.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
General Counsel and Secretary
VIACOM INC.
By: /s/ Michael D. Fricklas
-----------------------
Michael D. Fricklas
Executive Vice President
General Counsel and Secretary
NAIRI, INC.
By: /s/ Sumner M. Redstone
----------------------
Sumner M. Redstone
Chairman and President
NATIONAL AMUSEMENTS, INC.
By: /s/ Sumner M. Redstone
--------------------------
Sumner M. Redstone
Chairman and
Chief Executive Officer
By: /s/ Sumner M. Redstone
----------------------
Sumner M. Redstone
Individually