UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
-------------------
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 2)*
Blockbuster Inc.
--------------------
(Name of Issuer)
Class A Common Stock, $0.01 Par Value Per Share
-----------------------------------------------
(Title of Class of Securities)
93679108
----------------------
(CUSIP Number)
December 31, 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)
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*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 10 Pages
CUSIP NO. 93679108 Page 2 of 10 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
Viacom International Inc.
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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 144,466,800(1)
Owned by -----------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting -----------------------------------------------
Person With (8) Shared Dispositive Power 144,466,800(1)
-----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
144,466,800(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)
80.4%(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 10 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
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 144,466,800(1)
Owned by -------------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting -------------------------------------------------
Person With (8) Shared Dispositive Power 144,466,800(1)
-----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
144,466,800(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)
80.4% (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 10 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
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 144,466,800(1)
Owned by -------------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting -------------------------------------------------
Person With (8) Shared Dispositive Power 144,466,800(1)
-----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
144,466,800(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)
80.4% (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 10 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
National Amusements, Inc.
-----------------------------------------------------------------
I.R.S. Identification No. 04-2261332
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(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 144,466,800(1)
Owned by ------------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting ------------------------------------------------
Person With (8) Shared Dispositive Power 144,466,800(1)
-----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
144,466,800(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)
80.4% (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 10 Pages
(1) Name of Reporting Person
I.R.S. Identification No. of Above Person (entities only)
SUMNER M. REDSTONE
-----------------------------------------------------------------
(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 144,466,800(1)
Owned by -------------------------------------------------
Each (7) Sole Dispositive Power 0
Reporting -------------------------------------------------
Person With (8) Shared Dispositive Power 144,466,800(1)
-----------------------------------------------------------------
(9) Aggregate Amount Beneficially Owned by Each Reporting Person
144,466,800(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)
80.4% (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 10 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
69% 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, and Chairman and Chief Executive
Officer of VI.
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 10 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 December 31, 2002, each of VII, VI, NAIRI, NAI and Mr.
Sumner M. Redstone beneficially owned one hundred forty-four
million four hundred sixty-six thousand eight hundred
(144,466,800) Class A Shares, comprised of (i) four hundred sixty-
six thousand eight hundred (466,800) 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 80.4% of the Issuer's Class A Shares
(based upon 179,596,116 Common Shares that were reported by the
Issuer to be issued and outstanding as of November 1, 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.
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.
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 9 of 10
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: February 12, 2003
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
/s/ Sumner M. Redstone
----------------------------
Sumner M. Redstone,
Individually
Exhibit to Amendment No. 1 Page 10 of 10 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
/s/ Sumner M. Redstone
------------------------
Sumner M. Redstone
Individually