PLANET HOLLYWOOD INTERNATIONAL INC
SC 13D/A, 2000-12-15
EATING PLACES
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                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                 SCHEDULE 13D

                 Under the Securities Exchange Act of 1934
                              (Amendment No. 3)*

                    Planet Hollywood International, Inc.
           --------------------------------------------------------
                                (Name of Issuer)

                      Class A Common Stock, $.01 Par Value
           --------------------------------------------------------
                          (Title of Class of Securities)

                                   72702Q102
           --------------------------------------------------------
                                 (CUSIP Number)

                         Albert Meade, Coudert Brothers,
              333 So. Hope St., 23rd Floor, Los Angeles, CA 90071
           --------------------------------------------------------
           (Name, Address and Telephone Number of Person Authorized
                     to Receive Notices and Communications)

                                November 10, 2000
           --------------------------------------------------------
            (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 / /.

   NOTE:  Six copies of this statement, including all exhibits, should be filed
with the Commission.  See Rule 13d-1(a) for other parties to whom copies are to
be sent.

   *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 disclosures provided in a prior cover page.

   The information  required on 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).


                        (Continued on following page(s))

                              Page 1 of  5  Pages
                                        ---


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CUSIP No. 72702Q102                   13D                 Page  2  of  5  Pages
          ---------                                            ---    ---

-------------------------------------------------------------------------------
 (1) Names of Reporting Persons.  S.S. or I.R.S. Identification Nos. of Above
     Persons

                          Magnetic Light Profits Limited
-------------------------------------------------------------------------------
 (2) Check the Appropriate Box if a Member     (a)  / /
     of a Group*                               (b)  /X/
-------------------------------------------------------------------------------
 (3) SEC Use Only

-------------------------------------------------------------------------------
 (4) Source of Funds*
                                       WC
-------------------------------------------------------------------------------
 (5) Check if Disclosure of Legal Proceedings is Required Pursuant to
     Items 2(d) or 2(e)
-------------------------------------------------------------------------------
 (6) Citizenship or Place of Organization
                             British Virgin Islands
-------------------------------------------------------------------------------
Number of Shares              (7) Sole Voting
 Beneficially Owned                 Power                  1,798,303
 by Each Reporting           --------------------------------------------------
 Person With                  (8) Shared Voting
                                    Power                      0
                             --------------------------------------------------
                              (9) Sole Dispositive
                                    Power                  1,798,303
                             --------------------------------------------------
                             (10) Shared Dispositive
                                    Power                      0
-------------------------------------------------------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
                                  1,798,303
-------------------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares*

-------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
                                      18.0
-------------------------------------------------------------------------------
(14) Type of Reporting Person*
                                        CO
-------------------------------------------------------------------------------
                    *SEE INSTRUCTION BEFORE FILLING OUT!


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CUSIP No. 72702Q102                   13D                 Page  3  of  5  Pages
          ---------                                            ---    ---


                                  SCHEDULE 13D

This Amendment No. 3 to Schedule 13D amends the Schedule 13D report filed on
July 10, 2000 (the "Initial Schedule 13D") by Magnetic Light Profits Limited
("Magnetic") relating to the Class A common stock, par value $0.01 per share
(the "New Class A Common Stock") of Planet Hollywood International, Inc. (the
"Company"), as amended by (i) Amendment No. 1 of the Initial Schedule 13D
("Amendment No. 1"), which Amendment No. 1 was filed by Magnetic on July 28,
2000 and (ii) Amendment No. 2 of the Initial Schedule 13D ("Amendment No. 2"),
which Amendment No. 2 was filed by Magnetic on October 4, 2000. Capitalized
terms used herein without definition shall have the meaning set forth in the
Initial Schedule 13D. This Amendment No. 3 supercedes and replaces Amendment No.
1 and Amendment No. 2 in their entireties, and should be read only in
conjunction with the Initial Schedule 13D, without reference to Amendment No. 1
or Amendment No. 2.

Item 3 is hereby amended to read in its entirety as follows:

Item 3    SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION

                    As described below in Item 4 and Item 5, Magnetic purchased
                    an aggregate of 933,336 shares of New Class B Common Stock,
                    pursuant to a subscription agreement, for Four Million
                    Dollars ($4,000,000). During May, June and July 2000,
                    Magnetic acquired an aggregate of 433,500 shares of New
                    Class A Common Stock in open market transactions. During
                    August 2000, Magnetic acquired an aggregate of 30,000 shares
                    of New Class A Common Stock in open market transactions.
                    During September 2000, Magnetic acquired an aggregate of
                    249,600 shares of New Class A Common Stock in open market
                    transactions. During October 2000, Magnetic acquired an
                    aggregate of 10,000 shares of New Class A Common Stock in
                    open market transactions. During November 2000, Magnetic
                    acquired an aggregate of 275,200 shares of New Class A
                    Common Stock, 200,000 of which were acquired in a private
                    transaction and 75,200 of which were acquired in open market
                    transactions. The aggregate purchase price for all such
                    shares of New Class A Common Stock was $3,044,589.09. The
                    source of funds used to purchase all of the foregoing shares
                    of New Class B Common Stock and New Class A Common Stock was
                    from Magnetic's working capital.


Item 5 is hereby amended in its entirety to read as follows:

Item 5    INTEREST IN SECURITIES OF THE ISSUER

                    The following information concerning percentages of
                    ownership of outstanding shares of New Common Stock is based
                    on a total of


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CUSIP No. 72702Q102                   13D                 Page  4  of  5  Pages
          ---------                                            ---    ---


                    10,000,024 shares reported to be outstanding by the Company
                    at October 31, 2000. Such shares consist of 3,000,001 shares
                    of New Class A Common Stock and 7,000,023 shares of New
                    Class B Common Stock (which is convertible into the same
                    number of shares of New Class A Common Stock).

Item 5(a)           Pursuant to the Company's Plan, Magnetic purchased an
                    aggregate of 933,336 shares of New Class B Common Stock
                    for Four Million Dollars. Of those shares, 133,333 have
                    been withheld by the Company (the "Withheld Shares") in
                    order to deliver such shares to certain celebrities and
                    other third parties in consideration of their involvement
                    with the Company. Magnetic is not entitled to the return
                    of any of the Withheld Shares. During May, June and July
                    2000, Magnetic acquired an aggregate of 433,500 shares of
                    New Class A Common Stock in open market transactions.
                    During August of 2000, Magnetic acquired an aggregate of
                    30,000 shares of New Class A Common Stock in open market
                    transactions. During September 2000, Magnetic acquired an
                    aggregate of 249,600 shares of New Class A Common Stock
                    in open market transactions. During October 2000,
                    Magnetic acquired an aggregate of 10,000 shares of New
                    Class A Common Stock in open market transactions. During
                    November 2000, Magnetic acquired an aggregate of 275,200
                    shares of New Class A Common Stock, 200,000 of which were
                    acquired in a private transaction and 75,200 of which
                    were acquired in open market transactions. As of December
                    6, 2000, Magnetic holds an aggregate of 998,300 shares of
                    New Class A Common Stock, all of which were acquired in
                    open market transactions.

                    Excluding the Withheld Shares, assuming all of the
                    remaining New Class B Common Stock held by Magnetic is
                    converted into shares of New Class A Common Stock,
                    Magnetic would own 1,798,303 of 10,000,024 issued and
                    outstanding shares of New Class A Common Stock, or
                    approximately 18.0%.

Item 5(b) The number of shares of New Class A Common Stock as to which Magnetic,
          has (assuming that all of its shares of New Class B Common Stock are
          converted):

                    (i) sole power to vote or to direct the vote: 1,798,303

                    (ii) shared power to vote or to direct the vote: 0

                    (iii) sole power to dispose or to direct the disposition
                          of: 1,798,303

                    (iv) shared power to dispose or to direct the disposition
                         of: 0

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CUSIP No. 72702Q102                   13D                 Page  5  of  5  Pages
          ---------                                            ---    ---


Item 5(c)           Not applicable.

Item 5(d)           As a result of distributions from Magnetic and as the
                    sole shareholder of Magnetic, Star East Holdings Limited
                    may have the right to receive dividends from, or the
                    proceeds from the sale of, securities held by Magnetic,
                    including shares of the New Common Stock.

Item 5(e)           Not applicable.


          After reasonable inquiry and to the best of my knowledge and belief, I
          certify that the information set forth in this Amendment No. 3 to
          Schedule 13D is true, complete and correct.

Dated: December 13, 2000

MAGNETIC LIGHT PROFITS LIMITED

/s/ CHAU MEI WAH, ROSANNA
----------------------------------
Name: Chau Mei Wah, Rosanna
Title: Director



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