SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------------------------------------
SCHEDULE 13D
(Amendment No. 13)
Under the Securities Exchange Act of 1934
SPELLING ENTERTAINMENT GROUP INC.
(Name of Issuer)
Common Stock, Par Value $.10 Per Share
(Title of Class of Securities)
847807 10 4
(CUSIP Number)
Philippe P. Dauman, Esq.
Viacom Inc.
1515 Broadway
New York, New York 10036
Telephone: (212) 258-6000
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
Copy to:
Stephen R. Volk, Esq.
Shearman & Sterling
599 Lexington Avenue
New York, NY 10022
Telephone: (212) 848-4000
August 10, 1995
(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 which is the subject of this Schedule 13D, and is filing
this schedule because of Rule 13d-1(b)(3) or (4), check the following box \ \.
Check the following box if a fee is being paid with this statement \ \.
1
CUSIP No. 847807 10 4
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SEGI HOLDING CO.
- -----------------------------------------------------------------------------
I.R.S. Identification No. 65-0418084
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
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\ \ (b)-----------------------------------------------------------------
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(3) SEC Use Only--------------------------------------------------------
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(4) Sources of Funds (See Instructions)---------------------------------
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(5) Check if Disclosure of Legal Proceedings is Required Pursuant
to Items 2(d) or 2(e).
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(6) Citizenship or Place of Organization Delaware
-------------------------------
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- ----------
Number of (7) Sole Voting Power--------------------------------------
Shares
Beneficially (8) Shared Voting Power 69,010,580
Owned by ----------------------------------
Each (9) Sole Dispositive Power---------------------------------
Reporting
Person (10) Shared Dispositive Power 69,010,580
With ------------------------------
- --------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
69,010,580
- ----------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)---------------------------------------------------------
- ----------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
78% (includes share subject to currently exercisable warrants)
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(14) Type of Reporting Person (See Instructions) CO
------------------------
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2
CUSIP No. 847807 10 4
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
BLOCKBUSTER PICTURES HOLDING CORPORATION
- -----------------------------------------------------------------------------
I.R.S. Identification No. 65-0418087
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
\ \ (a)----------------------------------------------------------------
\ \ (b)----------------------------------------------------------------
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(3) SEC Use Only--------------------------------------------------------
- ----------------------------------------------------------------------------
(4) Sources of Funds (See Instructions)---------------------------------
- ----------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e).
- ---------------------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
------------------------------
- ---------------------------------------------------------------------------
- ----------
Number of (7) Sole Voting Power-------------------------------------
Shares
Beneficially (8) Shared Voting Power 69,010,580
Owned by -----------------------------------
Each (9) Sole Dispositive Power--------------------------------
Reporting
Person (10) Shared Dispositive Power 69,010,580
With -----------------------------
- ----------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
69,010,580
- ----------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
- ---------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
78% (includes shares subject to currently exercisable warrants)
- ---------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
-------------------------
- ---------------------------------------------------------------------------
3
CUSIP No. 847807 10 4
(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) Sources of Funds (See Instructions)---------------------------------
- ----------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e).
- ----------------------------------------------------------------------------
(6) Citizenship or Place of Organization Delaware
-------------------------------
- ----------------------------------------------------------------------------
- ----------
Number of (7) Sole Voting Power-------------------------------------
Shares
Beneficially (8) Shared Voting Power 69,010,580
Owned by ----------------------------------
Each (9) Sole Dispositive Power--------------------------------
Reporting
Person (10) Shared Dispositive Power 69,010,580
With -------------------------
- ----------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
69,010,580
- --------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)-----------------------------------------------------
- --------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
78% (includes shares subject to currently exercisable warrants)
- --------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
----------------------
- --------------------------------------------------------------------------
4
CUSIP No.947807 10 4
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUMNER M. REDSTONE
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S.S. No.
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
\ \ (a)----------------------------------------------------------------
\ \ (b)----------------------------------------------------------------
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(3) SEC Use Only------------------------------------------------------
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(4) Sources of Funds (See Instructions)-------------------------------
- --------------------------------------------------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e).-----------------------------------------------------
(6) Citizenship or Place of Organization United States
----------------------------
- -------------------------------------------------------------------------
- ----------
Number of (7) Sole Voting Power-----------------------------------
Shares
Beneficially (8) Shared Voting Power 69,010,580
Owned by --------------------------------
Each (9) Sole Dispositive Power------------------------------
Reporting
Person (10) Shared Dispositive Power 69,010,580
With --------------------------
- ----------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
69,010,580
- -------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)-------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
78% (includes shares subject to currently exercisable warrants)
- -------------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
-----------------------
- -------------------------------------------------------------------------
5
This Amendment No. 13 amends the Statement on Schedule 13D filed with the
Securities and Exchange Commission on March 7, 1993 by Blockbuster Entertainment
Corporation ("BEC"), Blockbuster Pictures Holding Corporation ("Holdings"), SEGI
Holding Company ("SEGI") and Repinvesco, Inc. ("REPI"), as amended (the
"Statement"). This Amendment No. 13 is filed with respect to the shares of
common stock, par value $.10 per share (the "Common Stock"), of Spelling
Entertainment Group Inc. (the "Issuer"), a Florida corporation, with its
principal executive offices located at 5700 Wilshire Boulevard, Los Angeles,
California 90036. Capitalized terms used but not defined herein have the
meanings assigned to such terms in the Statement.
Item 2. Identity and Background.
-----------------------
Item 2 is hereby amended and supplemented to reflect changes in the
directors and executive officers of Viacom Inc. Schedule I attached hereto sets
forth the following information with respect to each such person:
(i) name;
(ii) business address (or residence address where indicated); and
(iii) present principal occupation or employment and the name,
principal business and address of any corporation or other
organization in which such employment is conducted.
All of the directors and executive officers of Viacom are citizens of the
United States.
During the last five years, neither Viacom nor any person named in Schedule
I attached hereto (including Mr. Redstone) has been (a) convicted in a criminal
proceeding (excluding traffic violations or similar misdemeanors) or (b) 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.
Item 4. Purpose of the Transaction.
--------------------------
Item 4 is hereby amended and supplemented as follows:
On August 10, 1995, Viacom Inc. ("Viacom") announced that it will sell the
Issuer. Viacom also announced it will acquire the Issuer's interest in Virgin
Interactive Entertainment Limited ("Virgin"). Viacom anticipates that an
independent committee of the Issuer's Board of Directors will be formed to
negotiate the terms of the Virgin transaction. A copy of the press release
issued by Viacom, dated August 10, 1995, relating to the above-described
transactions is attached hereto as Exhibit 99.1 and is incorporated herein by
reference.
6
Item 7. Material to Be Filed as Exhibits.
--------------------------------
99.1 Press release issued by Viacom Inc. on August 10, 1995.
99.2 Limited Power of Attorney (previously filed).
7
Schedule I
Executive Officers
Name and Address
of Corporation or
Business or Principal Occupation Other Organization in
Name Residence Address or Employment Which Employed
- ---- ----------------- -------------------- ------------------------
Sumner M. Redstone* Viacom Inc. Chairman of the Board National Amusements, Inc.
1515 Broadway of Viacom; Chairman 200 Elm Street
New York, NY 10036 of the Board and Dedham, MA 02026
President, Chief
Executive Officer of
National Amusements, Inc.
Frank J. Biondi, Jr.* Viacom Inc. President, Chief Viacom International Inc.
1515 Broadway Executive Officer 1515 Broadway
New York, NY 10036 of Viacom New York, NY 10036
Vaughn A. Clarke Viacom Inc. Sr. VP, Treasurer of Viacom International Inc.
1515 Broadway Viacom 1515 Broadway
New York, NY 10036 New York, NY 10036
Philippe P. Dauman* Viacom Inc. Executive VP, General Viacom International Inc.
1515 Broadway Counsel, Chief 1515 Broadway
New York, NY 10036 Administrative Officer New York, NY 10036
and Secretary of Viacom
Thomas E. Dooley Viacom Inc. Executive VP, Finance, Viacom International Inc.
1515 Broadway Corporate Development and 1515 Broadway
New York, NY 10036 Communications of Viacom New York, NY 10036
Carl D. Folta Viacom Inc. Sr. VP, Corporate Viacom International Inc.
1515 Broadway Relations of Viacom 1515 Broadway
New York, NY 10036 New York, NY 10036
Michael D. Fricklas Viacom Inc. Sr. VP, Deputy General Viacom International Inc.
1515 Broadway Counsel of Viacom 1515 Broadway
New York, NY 10036 New York, NY 10036
Susan C. Gordon Viacom Inc. Vice President, Controller Viacom International Inc
1515 Broadway and Chief Accounting 1515 Broadway
New York, NY 10036 Officer of Viacom New York, NY 10036
Rudolph L. Hertlein Viacom Inc. Sr. VP of Viacom Viacom International Inc.
1515 Broadway 1515 Broadway
New York, NY 10036 New York, NY 10036
__________
*also a Director
8
Name and Address
of Corporation or
Business or Principal Occupation Other Organization in
Name Residence Address or Employment Which Employed
- ---- ----------------- -------------------- ------------------------
Edward D. Horowitz Viacom Inc. Sr. VP, Technology of Viacom International Inc.
1515 Broadway Viacom; Chairman, Chief 1515 Broadway
New York, NY 10036 Executive Officer New York, NY 10036
of New Media and
Interactive Television
Henry Leingang Viacom Inc. Sr. VP, Chief Information Viacom International Inc.
1515 Broadway Officer of Viacom 1515 Broadway
New York, NY 10036 New York, NY 10036
William A. Roskin Viacom Inc. Sr. VP, Human Resources Viacom International Inc.
1515 Broadway and Administration of 1515 Broadway
New York, NY 10036 Viacom New York, NY 10036
George S. Smith, Jr. Viacom Inc. Sr. VP, Chief Financial Viacom International Inc.
1515 Broadway Officer of Viacom 1515 Broadway
New York, NY 10036 New York, NY 10036
Mark M. Weinstein Viacom Inc. Sr. VP, Government Viacom International Inc.
1515 Broadway Affairs of Viacom 1515 Broadway
New York, NY 10036 New York, NY 10036
DIRECTORS
---------
George S. Abrams Winer & Abrams Attorney Winer & Abrams
One Court Street One Court Street
Boston, MA 02108 Boston, MA 02108
Steven R. Berrard Blockbuster Entertainment President and Chief Blockbuster
Group Executive Officer Entertainment
One Blockbuster Plaza of the Blockbuster Group
Fort Lauderdale, FL Entertainment Group One Blockbuster Plaza
33301 Fort Lauderdale, FL
33301
H. Wayne Huizenga Blockbuster Entertainment Vice Chairman of Viacom Blockbuster
Group Inc.; Chairman of the Entertainment
One Blockbuster Plaza Board and Chief Group
Fort Lauderdale, FL Executive Officer of One Blockbuster Plaza
33301 Blockbuster Entertainment Fort Lauderdale, FL
Group; Chairman of the 33301
Board of Huizenga
Holdings, Inc.; Chairman
of the Board of Spelling
Entertainment Group Inc.
George D. Johnson, Jr. Blockbuster Entertainment President -- Domestic Blockbuster
Group Consumer Division Entertainment
One Blockbuster Plaza of the Blockbuster Group
Fort Lauderdale, FL Entertainment Group One Blockbuster Plaza
33301 Fort Lauderdale, FL
33301
Ken Miller C.S. First Boston Vice Chairman of C.S. C.S. First Boston
Park Avenue Plaza First Boston Park Avenue Plaza
55 East 52nd Street 55 East 52nd Street
New York, NY 10055 New York, NY 10055
Brent D. Redstone 31270 Eagle Crest Lane Self-Employed
Evergreen, CO 80439
[Residence]
Shari Redstone National Amusements, Inc. Executive Vice President National Amusements,
200 Elm Street of National Amusements, Inc.
Dedham, MA 02026 Inc. 200 Elm Street
Dedham, MA 02026
9
Name and Address
of Corporation or
Business or Principal Occupation Other Organization in
Name Residence Address or Employment Which Employed
- ---- ----------------- -------------------- ------------------------
Frederic V. Salerno NYNEX Corporation Vice Chairman--Finance NYNEX Corporation
335 Madison Avenue and Business 335 Madison Avenue
New York, NY 10017 Development of NYNEX New York, NY 10017
William Schwartz Yeshiva University VP for Academic Affairs Yeshiva University
2495 Amsterdam Avenue (chief academic officer) 2495 Amsterdam Avenue
New York, NY 10033 of Yeshiva University New York, NY 10033
Ivan Seidenberg NYNEX Corporation Chairman of the Board and NYNEX Corporation
335 Madison Avenue Chief Executive Officer 335 Madison Avenue
New York, NY 10017 of NYNEX New York, MY 10017
10
Signature
- ---------
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.
August 10, 1995 SEGI HOLDING CO.
By /s/ Michael D. Fricklas
----------------------------
Name: Michael D. Fricklas
Title: Senior Vice President
11
PAGE>
Signature
- ---------
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.
August 10, 1995 BLOCKBUSTER PICTURES
HOLDING CORPORATION
By /s/ Michael D. Fricklas
------------------------------
Name: Michael D. Fricklas
Title: Senior Vice President
12
Signature
- ---------
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.
August 10, 1995 VIACOM INC.
By /s/ Michael D. Fricklas
-------------------------------
Name: Michael D. Fricklas
Title: Senior Vice President,
Deputy General Counsel
13
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 10, 1995 *
-------------------------------------------
Sumner M. Redstone, Individually
*By /s/ Philippe P. Dauman
---------------------------
Philippe P. Dauman
Attorney-in-Fact
under the Limited Power of
Attorney filed as Exhibit 99.2
to the Statement, Amendment No. 11.
14
Exhibit Index
Exhibit No. Description Page No.
99.1 Press release issued by
Viacom Inc. on August 10, 1995.
99.2 Limited Power of Attorney
(previously filed)
EXHIBIT 99.1
VIACOM TO SELL SPELLING ENTERTAINMENT
Will Acquire Spelling's Interest In Virgin Interactive Entertainment
New York, N.Y., August 10, 1995 -- Viacom Inc. (AMEX: VIA and VIAB)
announced today that it will sell Spelling Entertainment Group Inc. (NYSE: SP).
Spelling, a TV and film producer, is a 78% owned subsidiary of Viacom acquired
as part of Viacom's purchase of Blockbuster Entertainment in September 1994.
Viacom has retained the investment banking firm of Bear Stearns & Co. Inc.
to identify qualified purchasers and to assist in the evaluation of proposals.
The Company also announced it will acquire Spelling's interest in Virgin
Interactive Entertainment Limited, the preeminent multimedia software unit that
Spelling acquired in the fall of 1994. An independent committee of Spelling's
Board of Directors will be formed to negotiate the terms of the Virgin
transaction.
Sumner M. Redstone, Chairman of the Board of Viacom, said "The sale of
Spelling is another major step in sharpening our focus and follows the
previously consummated sales of Madison Square Garden and our interest in
Lifetime, and the recently announced spin-off of our cable systems. The
substantial net proceeds we anticipate from the sale of Spelling will
essentially complete the process of establishing Viacom as one of the world's
most strongly capitalized global media companies. We will continue to take
advantage of the many growth opportunities of our businesses around the world
while maintaining a very strong balance sheet."
"Spelling is a unique and valuable entertainment franchise with rich
libraries of TV shows and motion pictures and we are reluctant to part with it,"
said Frank J. Biondi, Jr., President and Chief Executive Officer of Viacom.
"However, after evaluating our content-rich asset portfolio and the potential
overlap with our Paramount Television operations, we feel Spelling could provide
even more benefit to others looking to build or enhance their presence in
programming. We are retaining our interest in Virgin Interactive Entertainment
because of the importance of the new and burgeoning multimedia market and its
position as a core asset in our overall strategic vision for that market."
15
Spelling Entertainment Group Inc., based in Los Angeles, has long been a
preeminent producer and distributor of TV programming (Melrose Place, Beverly
Hills 90210) and motion pictures. In recent years, Spelling has expanded,
acquiring Republic Entertainment, with its strong home-video distribution and a
library of 7,000 titles.
Virgin Entertainment is one of the world's leading developers, publishers
and distributors of interactive entertainment software, including "The 7th
Guest" and "The Lion King."
Viacom Inc. is one of the world's largest entertainment and publishing
companies and a leading force in nearly every segment of the international media
marketplace. The operations of Viacom include Blockbuster Music, Blockbuster
Video, MTV Networks, Paramount Parks, Paramount Pictures, Paramount Television,
Showtime Networks, Simon & Schuster and Viacom Interactive Media, as well as
cable systems serving 1.2 million customers, radio and television stations, and
movie screens in 11 countries. Viacom also has a substantial interest in
Discovery Zone and a majority interest in Spelling Entertainment Group. National
Amusements, Inc., a closely held corporation which owns and operates almost
1,000 screens in the U.S. and the U.K., is the parent company of Viacom.
# # #
Contact: Carl Folta
212/258-6352
