<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13D
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)
LOEWS CINEPLEX ENTERTAINMENT CORPORATION
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(Name of Issuer)
Common Stock
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(Title of Class of Securities)
540423 110 0
-----------------------------
(CUSIP Number)
Tamotsu Iba
Executive Deputy President,
Chief Financial Officer
Sony Corporation
6-7-35 Kitashingawa
Shinagawa-ku, Tokyo 141-0001 Japan
81-3-5448-2111
with a copy to:
Morton A. Pierce, Esq.
Dewey Ballantine LLP
1301 Avenue of the Americas
New York, New York 10019-6092
(212) 259-8000
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(Name, Address and Telephone Number of Person Authorized to Receive Notices and
Communications)
August 5, 1998
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(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 Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check
the following box [_].
NOTE: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7 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).
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SCHEDULE 13D
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CUSIP NO. 540423 110 0 PAGE 2 OF PAGES
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1 NAME OF REPORTING PERSON: Sony Corporation
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX 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
Japan
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------------------
8 SHARED VOTING POWER
23,137,111
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9 SOLE DISPOSITIVE POWER
0
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10 SHARED DISPOSITIVE POWER
23,137,111
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,137,111
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.5%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 540423 110 0 PAGE 3 OF PAGES
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1 NAME OF REPORTING PERSON: Sony Pictures Entertainment Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------------------
8 SHARED VOTING POWER
23,137,111
------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
23,137,111
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
23,137,111
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
38.5%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 540423 110 0 PAGE 4 OF PAGES
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1 NAME OF REPORTING PERSON: LTMB, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------------------
8 SHARED VOTING POWER
20,472,807
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9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
20,472,807
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
20,472,807
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
34.1%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
SCHEDULE 13D
CUSIP NO. 540423 110 0 PAGE 5 OF PAGES
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1 NAME OF REPORTING PERSON: CPE Holdings, Inc.
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON:
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [_]
(b) [_]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
OO
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5 CHECK BOX 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 SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
------------------------------------------------------------------------
7 SOLE VOTING POWER
0
------------------------------------------------------------------------
8 SHARED VOTING POWER
291,086.591
------------------------------------------------------------------------
9 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------------
10 SHARED DISPOSITIVE POWER
291,086.591
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
291,086.591
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*
[_]
Not Applicable
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
0.5%
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14 TYPE OF REPORTING PERSON*
CO
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*SEE INSTRUCTIONS BEFORE FILLING OUT!
INCLUDE BOTH SIDES OF THE COVER PAGE, RESPONSES TO ITEMS 1-7
(INCLUDING EXHIBITS) OF THE SCHEDULE, AND THE SIGNATURE ATTESTATION
<PAGE>
The Schedule 13D filed with respect to the shares of common stock, par
value $0.01 per share (the "Loews Cineplex Common Stock"), of Loews Cineplex
Entertainment Corporation, a Delaware corporation ("Loews Cineplex") is hereby
amended as follows: (Defined terms have the meanings set forth in the Schedule
13D)
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
On August 5, 1998, 1,202,486 Loews Cineplex Class A Non-Voting Common
Shares were converted into an equal number of shares of Loews Cineplex Common
Stock. No payment was required in connection with the conversion of the Loews
Cineplex Class A Non-Voting Common Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
(a)-(b) As a result of the transaction described in Item 3 above, and
based on 60,121,622 shares of Loews Cineplex Common Stock outstanding (which
gives effect to the public offering of Loews Cineplex Common Stock on August 5,
1998, including the exercise of the over-allotment option), (i) Sony and Sony
Pictures are the beneficial owners of, and share the power to vote, 23,137,111
shares of Loews Cineplex Common Stock or 38.5% of the issued and outstanding
shares of Loews Cineplex Common Stock, (ii) LTMB is the beneficial owner of, and
shares the power to vote with Sony and Sony Pictures, 20,472,807 shares of Loews
Cineplex Common Stock or 34.1% of the issued and outstanding shares of Loews
Cineplex Common Stock and (iii) CPE is the beneficial owner of, and shares the
power to vote with Sony and Sony Pictures, 291,086.591 shares of Loews Cineplex
Common Stock or 0.5% of the issued and outstanding shares of Loews Cineplex
Common Stock.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT
TO SECURITIES OF THE ISSUER.
Pursuant to a letter agreement which is attached hereto as Exhibit No.
7 and is incorporated herein by reference, Sony Pictures has agreed not to
offer, sell, contract to sell, pledge or otherwise dispose of, directly or
indirectly, any shares of Loews Cineplex Common Stock or securities or other
rights convertible into or exchangeable or exercisable for any shares of Loews
Cineplex Common Stock, or publicly disclose the intention to make any such
offer, sale, pledge or disposal, without the prior written consent of Credit
Suisse First Boston Corporation, for a period of 90 days after July 30, 1998.
<PAGE>
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS.
EXHIBIT NO. DESCRIPTION
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7 Letter agreement, dated July 8, 1998, among Sony Pictures, Loews
Cineplex, Credit Suisse First Boston Corporation, Bear, Stearns &
Co. Inc., BT Alex. Brown Incorporated, Goldman, Sachs & Co., Smith
Barney Inc., as representatives of the several underwriters
<PAGE>
After reasonable inquiry and to the best knowledge and belief of the
undersigned, the undersigned certifies that the information set forth in this
statement is true, complete and correct.
Date: September 10, 1998
SONY CORPORATION
By: /s/ Tamotsu Iba
------------------------------------
Name: Tamotsu Iba
Title: Executive Deputy President, Chief
Financial Officer
SONY PICTURES ENTERTAINMENT INC.
By: /s/ Ronald N. Jacobi
--------------------------------
Name: Ronald N. Jacobi
Title: Executive Vice President,
General Counsel and Secretary
LTMB, INC.
By: /s/ Ronald N. Jacobi
-----------------------------------------
Name: Ronald N. Jacobi
Title: Executive Vice President and Secretary
CPE HOLDINGS, INC.
By: /s/ Ronald N. Jacobi
---------------------------------
Name: Ronald N. Jacobi
Title: Executive Vice President,
General Counsel and Secretary
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EXHIBIT INDEX
EXHIBIT NO. DESCRIPTION
- ----------- -----------
7 Letter agreement, dated July 8, 1998, among Sony Pictures, Loews
Cineplex, Credit Suisse First Boston Corporation, Bear, Stearns &
Co. Inc., BT Alex. Brown Incorporated, Goldman, Sachs & Co., Smith
Barney Inc., as representatives of the several underwriters
<PAGE>
EXHIBIT 99.7
July 8, 1998
Loews Cineplex Entertainment Corporation
711 Fifth Avenue, 11th Floor
New York, NY 10022
Credit Suisse First Boston Corporation
Bear, Stearns & Co. Inc.
BT Alex. Brown Incorporated
Goldman, Sachs & Co.
Smith Barney Inc.,
As Representatives of the Several Underwriters
c/o Credit Suisse First Boston Corporation
Eleven Madison Avenue
New York, NY 10010-3629
Dear Sirs:
As an inducement to the Underwriters to execute an Underwriting Agreement,
pursuant to which an offering of Common Stock (the "Securities") of Loews
Cineplex Entertainment Corporation (the "Company") will be made, the undersigned
hereby agrees that, for a period of 90 days after the public offering (the
"Commencement Date") of the Securities pursuant to an Underwriting Agreement,
the undersigned will not offer, sell, contract to sell, pledge or otherwise
dispose of (a "Transfer"), directly or indirectly, any Securities or securities
convertible into or exchangeable or exercisable for any Securities, or publicly
disclose the intention to make any such offer, sale, pledge or disposal, without
the prior written consent of Credit Suisse First Boston Corporation.
Notwithstanding anything to the contrary in the foregoing, the consent of Credit
Suisse First Boston Corporation shall not be required for (i) any Transfer by
the undersigned to any affiliate of the undersigned, provided that any such
transferee shall agree in writing, prior to or contemporaneously with such
Transfer, to be bound by the provisions of this agreement to the same extent as
the undersigned, and (ii) any pledge by the undersigned of Securities, or any
securities convertible into or exercisable or exchangeable for Securities, to
secure indebtedness, provided that the pledgee shall agree in writing, prior to
or contemporaneously with such pledge, to be bound by the provisions of this
agreement to the same extent as the undersigned.
In furtherance of the foregoing, the Company and its transfer agent and
registrar are hereby authorized to decline to make any Transfer of Securities if
such Transfer would constitute a violation or breach of this agreement.
This agreement shall be binding on the undersigned and the respective
successors, heirs, personal representatives and assigns of the undersigned.
This agreement shall lapse and become null and void if the Commencement Date
shall not have occurred on or before August 15, 1998.
Very truly yours,
By: /s/ Ronald N. Jacobi
--------------------
Ronald N. Jacobi
Executive Vice President
on behalf of Sony Pictures Entertainment Inc.
