SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Amendment No. 5)
Under the Securities Exchange Act of 1934
MARVEL ENTERTAINMENT GROUP, INC.
(Name of Issuer)
Common Stock, par value $.01 per share
(Title of Class and Securities)
573913 10 0
(CUSIP Number of Class of Securities)
Barry F. Schwartz
MacAndrews & Forbes Holdings Inc.
35 East 62nd Street
New York, NY 10021
Telephone: (212) 572-8600
-------------------------------------------------------------
(Name, Address and Telephone Number of Person Authorized
to Receive Notices and Communications)
Copy to:
Alan C. Myers
Skadden, Arps, Slate, Meagher & Flom LLP
919 Third Avenue
New York, New York 10022
(212) 735-3000
April 24, 1997
(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 Statement because of Rule 13d-1(b)(3) or (4), check the
following: ( )
Check the following box if a fee is being paid with this
Statement: ( )
SCHEDULE 13D
CUSIP No. 573913 10 0
-----------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Marvel (Parent) Holdings Inc.
-----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
-----------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------
(4) SOURCE OF FUNDS
OO
-----------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF
SHARES __________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 29,302,326
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
29,302,326
-----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,302,296
-----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
-----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
28.8%
-----------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
CO
-----------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 573913 10 0
-----------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Andrews Group Incorporated
-----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
-----------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------
(4) SOURCE OF FUNDS
OO
-----------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF
SHARES ___________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 29,587,526
EACH ___________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH ___________________________________
(10) SHARED DISPOSITIVE POWER
29,587,526
-----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
29,587,526
-----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
-----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
29.1%
--------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
CO
-----------------------------------------------------------------
SCHEDULE 13D
CUSIP No. 573913 10 0
-----------------------------------------------------------------
(1) NAMES OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Mafco Holdings Inc.
-----------------------------------------------------------------
(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP:
(a) ( )
(b) ( )
-----------------------------------------------------------------
(3) SEC USE ONLY
-----------------------------------------------------------------
(4) SOURCE OF FUNDS
OO
-----------------------------------------------------------------
(5) CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED
PURSUANT TO ITEMS 2(d) or 2(e) ( )
------------------------------------------------------------------
(6) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
-----------------------------------------------------------------
(7) SOLE VOTING POWER
NUMBER OF
SHARES __________________________________
BENEFICIALLY (8) SHARED VOTING POWER
OWNED BY 31,696,225
EACH __________________________________
REPORTING (9) SOLE DISPOSITIVE POWER
PERSON
WITH __________________________________
(10) SHARED DISPOSITIVE POWER
31,696,225
-----------------------------------------------------------------
(11) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,696,225
-----------------------------------------------------------------
(12) CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 11 EXCLUDES CERTAIN
SHARES ( )
-----------------------------------------------------------------
(13) PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
31.1%
--------------------------------------------------------------
(14) TYPE OF REPORTING PERSON
CO
-----------------------------------------------------------------
This statement amends and supplements the Schedule 13D,
dated May 18, 1993, relating to the common stock, par value $.01 per share,
of Marvel Entertainment Group, Inc. ("Marvel"), as originally filed with
the Securities and Exchange Commission by New Marvel Holdings Inc. ("Marvel
Holdings"), MacAndrews & Forbes Holdings Inc. ("M&F"), and Mafco Holdings
Inc. ("Mafco"), as amended by Amendment No. 1, dated October 12, 1993,
filed with the Securities and Exchange Commission by Marvel Holdings,
Marvel (Parent) Holdings Inc. ("Marvel (Parent)"), Four Star Holdings
Corp., Andrews Group Incorporated ("Andrews"), M&F and Mafco, as amended by
Amendment No. 2, dated November 15, 1996, filed with the Securities and
Exchange Commission by Marvel Holdings, Marvel (Parent), Andrews and Mafco,
as amended by Amendment No. 3, dated December 30, 1996, filed with the
Securities and Exchange Commission by Marvel Holdings, Marvel (Parent),
Andrews and Mafco, as amended by Amendment No. 4, dated March 10, 1997,
filed with the Securities and Exchange Commission by Marvel Holdings,
Marvel (Parent), Andrews and Mafco.
Item 2. Identity and Background.
This statement is filed on behalf of Marvel (Parent),
Andrews and Mafco. Marvel (Parent), Andrews and Mafco are collectively
referred to as the "Reporting Persons."
Item 5. Interest in Securities of the Issuer.
(a)-(b) As of March 27, 1997, there were 101,809,657 shares
of Marvel Common Stock outstanding. On April 24, 1997, Marvel (Parent)
received notice from LaSalle National Bank, as Trustee under the Indenture
(the "Indenture"), dated as of October 1, 1993, between Marvel (Parent) and
NationsBank of Georgia, National Association, as Original Trustee, as
succeeded by The Bank of New York, as First Successor Trustee and LaSalle
National Bank as Second Successor Trustee, that all rights of Marvel
(Parent) to exercise voting and other consensual rights with respect to
1,000 shares of Marvel Holdings pledged pursuant to the terms of the
Indenture had been terminated, that all such rights had vested in the
Trustee, and that the Trustee has the sole right to exercise such voting
and consensual rights. Also on April 24, 1997, three officers of Mafco who
served as directors of Marvel Holdings were notified by the Trustee that
they had been removed as directors of Marvel Holdings and that Mr. Carl C.
Icahn, Mr. Robert Mitchell and Mr. Vincent Intrieri have been elected to
the board of directors of Marvel Holdings. As a result, the Reporting
Persons are no longer deemed to have beneficial ownership of the 50,932,167
shares of Marvel Common Stock beneficially owned by Marvel Holdings.
Marvel (Parent) may still be deemed to own beneficially
29,302,326 shares of Marvel Common Stock, or 28.8% of the total
outstanding, and Andrews may be deemed to own beneficially 29,587,526
shares, or 29.1% of the total outstanding. Other affiliates of Mafco own
2,108,699 shares and therefore Mafco may be deemed to own beneficially
31,696,225 shares or 31.1% of the total outstanding Marvel Common Stock.
Except as set forth above, the Reporting Persons do not
beneficially own any Marvel Common Stock.
(c) Not applicable.
(d) Not applicable.
(e) Not applicable.
SIGNATURE
After reasonable inquiry and to the best of its knowledge
and belief, the undersigned certifies that the information set forth in
this statement is true, complete and correct.
Dated: April 28, 1997
Marvel (Parent) Holdings Inc.
Andrews Group Incorporated
Mafco Holdings Inc.
By:/s/ Barry F. Schwartz
Name: Barry F. Schwartz
Title: Executive Vice
President and General Counsel
