SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________
SCHEDULE 13D
Under the Securities Exchange Act of 1934
SCANDINAVIAN BROADCASTING SYSTEM SA
(Name of Issuer)
Common Shares
(Title of Class of Securities)
L 8137 H 10 8
(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)
March 15, 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 /X/.
Page 1 of 14 Pages
<PAGE>
CUSIP No. L8137 H 10 8
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
PARAMOUNT COMMUNICATIONS B.V.
--------------------------------------------------------------------------------
I.R.S. Identification No. N/A
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
[ ] (a)
------------------------------------------------------------------
[ ] (b)
------------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------
--------------------------------------------------------------------------------
(4) Sources of Funds (See Instructions) WC
----------------------------------
(5) Check if Disclosure of Legal Proceedings is Required Pursuant to Items
2(d) or 2(e).
-------------------------------------------------------------------
(6) Citizenship or Place of Organization The Netherlands
--------------------------------
Number of (7) Sole Voting Power
Shares -----------------------------------------
Beneficially (8) Shared Voting Power 1,000,000*
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting --------------------------------------
Person (10) Shared Dispositive Power 1,000,000*
With -----------------------------------
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person 1,000,000*
------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
approximately 6.67%**
----------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
--------------------------
* Number of shares to be acquired pursuant to currently exercisable Warrant.
See Item 3.
**Based upon full exercise of Warrant.
Page 2 of 14 Pages
<PAGE>
CUSIP No. L8137 H 10 8
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
VIACOM INTERNATIONAL INC.
--------------------------------------------------------------------------------
I.R.S. Identification No. 04-2980402
--------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
[ ] (a)
------------------------------------------------------------------
[ ] (b)
------------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------
--------------------------------------------------------------------------------
(4) Sources of Funds (See Instructions) WC***
-----------------------------------
-------------------------------------------------------------------------------
(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 1,000,000*
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting --------------------------------------
Person (10) Shared Dispositive Power 1,000,000*
With ------------------------------------
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person 1,000,000*
-------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
approximately 6.67%**
----------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------
* Number of shares to be acquired pursuant to currently exercisable Warrant.
See Item 3.
** Based upon full exercise of Warrant.
***Working Capital of Paramount Communications B.V.
Page 3 of 14 Pages
<PAGE>
CUSIP No. L8137 H 10 8
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
VIACOM INC.
-------------------------------------------------------------------------------
I.R.S. Identification No.
-------------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
[ ] (a)
------------------------------------------------------------------
[ ] (b)
------------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------
-------------------------------------------------------------------------------
(4) Sources of Funds (See Instructions) WC***
-----------------------------------
-------------------------------------------------------------------------------
(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 1,000,000*
Owned by -----------------------------------------
Each (9) Sole Dispositive Power
Reporting --------------------------------------
Person (10) Shared Dispositive Power 1,000,000*
With ------------------------------------
(11) Aggregate Amount Beneficially Owned by Each
Reporting Person 1,000,000*
-------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
---------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
approximately 6.67%**
----------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) CO
---------------------------
* Number of shares to be acquired pursuant to currently exercisable Warrant.
See Item 3.
** Based upon full exercise of Warrant.
***Working Capital of Paramount Communications B.V.
Page 4 of 14 Pages
<PAGE>
CUSIP No. L 8137 H 10 8
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUMNER M. REDSTONE
-----------------------------------------------------------------------------
S.S. No.
----------------------------------------------------------------------------
(2) Check the Appropriate Box if a Member of a Group (See Instructions)
[ ] (a)
-----------------------------------------------------------------
[ ] (b)
-----------------------------------------------------------------
(3) SEC Use Only
---------------------------------------------------------
-------------------------------------------------------------------------------
(4) Sources of Funds (See Instructions) WC***
-----------------------------------
------------------------------------------------------------------------------
(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 1,000,000*
Owned by -----------------------------------
Each (9) Sole Dispositive Power
Person --------------------------------
With (10) Shared Dispositive Power 1,000,000*
------------------------------
(11) Aggregate Amount Beneficially Owned by Each Reporting Person
1,000,000*
--------------------------------------------------------------------
(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See
Instructions)
-------------------------------------------------------
------------------------------------------------------------------------------
(13) Percent of Class Represented by Amount in Row (11)
6.67%**
---------------------------------------------------------------------
(14) Type of Reporting Person (See Instructions) IN
--------------------------
* Number of shares to be acquired pursuant to currently exercisable Warrant.
See Item 3.
** Based upon full exercise of Warrant.
***Working Capital of Paramount Communications B.V.
Page 5 of 14 Pages
<PAGE>
Item 1. Security and Issuer.
--------------------
The class of equity securities to which this Statement on
Schedule 13D relates is the Common Shares, $1.50 par value per share (the
"Common Shares"), of Scandinavian Broadcasting System SA (the "Issuer"), a
Netherlands corporation, with its principal executive office located at 335
North Maple Drive, Suite 248, Beverly Hills, California 90210.
Item 2. Identity and Background.
------------------------
This Statement is being filed by Mr. Sumner M. Redstone,
Viacom Inc. ("Viacom"), Viacom International Inc. ("Viacom International"),
and Paramount Communications B.V. ("P.C.B.V.").
P.C.B.V. is a Netherlands company with its principal office at
Rijswijkstraat 175, 1062 EV Amsterdam, The Netherlands. P.C.B.V. is a holding
company. All of its common stock is held by Paramount Communications Holding
Company, a Delaware company ("P.C.H.C.").
P.C.H.C. has its principal office at 1515 Broadway, New York, New
York 10036. P.C.H.C. is a holding company. All of its common stock is held by
PCI'S Holdings Corporation, a Delaware corporation ("P.C.I.H.C.").
P.C.I.H.C. has its principal office at 1515 Broadway, New York,
NY 10036. P.C.I.H.C. is a holding company. All of its common stock is held by
Viacom International.
Viacom International is a Delaware corporation with its principal
office at 1515 Broadway, New York, New York 10036. Viacom International is
engaged in the entertainment and communications businesses. All of its common
stock is held by Viacom.
Viacom is a Delaware corporation with its principal office at
1515 Broadway, New York, New York 10036. Viacom is a diversified entertainment,
publishing and communications company. As of March 15, 1995, National
Amusements, Inc., a Maryland corporation ("NAI"), owned approximately 61% of
the issued and outstanding shares of Class A Common Stock, par value $.01 per
share, of Viacom ("Viacom Class A Common Stock") and approximately 26% of the
issued and outstanding shares of Viacom Class A Common Stock and Class B Common
Stock, par value $.01 per share, of Viacom ("Viacom Class B Common Stock"), on a
combined basis.
Page 6 of 14 Pages
<PAGE>
NAI has its principal office at 200 Elm Street, Dedham,
Massachusetts 02026. NAI's principal businesses are owning and operating movie
theaters in the United States and United Kingdom and holding the common stock of
Viacom. 91.7% of the issued and outstanding shares of capital stock of NAI are
owned by Mr. Sumner M. Redstone, directly or as trustee of various trusts.
Sumner M. Redstone is an individual whose business address is c/o
National Amusements, Inc., 200 Elm Street, Dedham, Massachusetts 02026. Mr.
Redstone's principal occupation is Chairman of the Board, President and Chief
Executive Officer of NAI and Chairman of the Board of Viacom. Mr. Redstone is a
citizen of the United States.
The directors of P.C.B.V. are set forth on Schedule I attached
hereto. There are no executive officers of P.C.B.V. The directors and
executive officers of Viacom International and Viacom are set forth on
Schedules II and III attached hereto, respectively. Schedules I, II and III
sets forth the following information with respect to each such person:
(a) Name;
(b) Residence or business address; and
(c) Present principal occupation
or employment and the name, principal business and
address of any corporation or other organization in which
such employment is conducted.
During the last five years, neither Mr. Sumner M. Redstone,
P.C.B.V., nor any person named in Schedules I, II and III attached hereto 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.
All of the directors of P.C.B.V. are citizens of the United
States, except Mr. Jorritsma, who is a citizen of the Netherlands.
Item 3. Source and Amount of Funds or Other Consideration.
--------------------------------------------------
As of March 15, 1995, P.C.B.V. executed the Warrant Agreement and
paid to the Issuer $4 million in exchange for a warrant (the "Warrant")
exercisable for one million Common
Page 7 of 14 Pages
<PAGE>
Shares at an exercise price of $35 per share (the "Warrant Shares"). The
Warrant Agreement is attached hereto as Exhibit 1 and includes the Warrant as
an Exhibit thereto.
The purchase price was obtained from the working capital of
P.C.B.V.
Item 4. Purpose of Transaction.
-----------------------
P.C.B.V. purchased the Warrant for investment purposes and in
connection with a certain programming license agreement. None of the
Reporting Persons, individually or together, has any present intention to seek
to influence management of the Issuer other than through P.C.B.V.'s rights as a
stockholder of the Issuer upon exercise, if any, of the Warrant. Such Warrant
Shares initially will not be registered; the Warrant grants to P.C.B.V. certain
demand and "piggy-back" registration rights with respect to the Warrant Shares.
Under the Warrant Agreement, P.C.B.V. also agreed that it will not transfer the
Warrant or the Warrant Shares for a period of two years, except in a public
offering upon exercise of registration rights under the rights granted in the
Warrant or to an affiliate of P.C.B.V. After such two year period, if P.C.B.V.
or its successors or assigns proposes to sell such Warrant or Warrant Shares
other than pursuant to a registration statement, the Issuer shall have a right
of first negotiation with respect to the acquisition of the Warrant or Warrant
Shares proposed to be sold. The descriptions of the Warrant Agreement and
Warrant contained in this Schedule 13D are qualified in all respects by
reference to the terms of the Warrant Agreement and Warrant, copies of which are
attached hereto as Exhibit 1.
Item 5. Interest in Securities of the Issuer.
-------------------------------------
P.C.B.V. currently owns zero Common Shares of the Issuer
directly; P.C.B.V.'s entire interest in the Issuer and the requirement for this
Statement arise out of the Warrant Shares, which would constitute approximately
6.67% of the outstanding Common Shares after full exercise of the Warrant. The
Warrant does not entitle P.C.B.V. to vote on any matter submitted to a vote of
the Issuer's shareholders.
Through its ownership of all of the issued and outstanding shares
of common stock of P.C.B.V., P.C.H.C. may also be considered to be a beneficial
owner of such Warrant Shares, and may be deemed to share with P.C.B.V. voting
power and dispositive power with respect to all of such Warrant Shares.
Page 8 of 14 Pages
<PAGE>
Through its ownership of all of the issued and outstanding shares
of common stock of P.C.H.C., P.C.I.H.C. may also be considered to be a
beneficial owner of such Warrant Shares, and may be deemed to share with
P.C.B.V. and P.C.H.C. voting power and dispositive power with respect to all of
such Warrant Shares.
Through its ownership of all of the issued and outstanding shares
of common stock of P.C.I.H.C., Viacom International may also be considered to be
a beneficial owner of such Warrant Shares, and may be deemed to share with
P.C.B.V., P.C.H.C. and P.C.I.H.C. voting power and dispositive power with
respect to all of such Warrant Shares.
Through its ownership of all of the issued and outstanding shares
of common stock of Viacom International, Viacom may also be considered to be a
beneficial owner of such Warrant Shares, and may be deemed to share with
P.C.B.V., P.C.H.C, P.C.I.H.C. and Viacom International voting power and
dispositive power with respect to all of such Warrant Shares.
Through its ownership of approximately 61% of the issued and
outstanding shares of Viacom Class A Common Stock and approximately 26% of the
issued and outstanding shares of Viacom Class A and Class B Common Stock on a
combined basis, NAI may also be considered to be a beneficial owner of such
Warrant Shares, and may be deemed to share with P.C.B.V, P.C.H.C., P.C.I.H.C.,
Viacom International and Viacom voting power and dispositive power with respect
to all of such Warrant Shares.
Through his ownership, directly or as trustee of various
trusts, of approximately 91.7% of the issued and outstanding shares of common
stock of NAI, Mr. Sumner M. Redstone may also be considered to be a beneficial
owner of such Warrant Shares, and may be deemed to share with P.C.B.V.,
P.C.H.C., P.C.I.H.C., Viacom International, Viacom and NAI voting power and
dispositive power with respect to all of such Warrant Shares.
Page 9 of 14 Pages
<PAGE>
Item 6. Contracts, Arrangements, Understandings or Relationships with
-------------------------------------------------------------
Respect to Securities of the Issuer.
------------------------------------
Except for the Warrant Agreement and Warrant (as described in
Items 3 and 4 above), neither P.C.B.V., Mr. Sumner M. Redstone nor any of the
persons named in Item 2 has any contracts, arrangements, understandings or
relationships (legal or otherwise) with any person with respect to any
securities, finder's fees, joint ventures, loan or option arrangements, puts or
calls, guarantees of profits, division of profits or loss, or the giving or
withholding of proxies.
Item 7. Material to Be Filed as Exhibits.
---------------------------------
99.1 Warrant Agreement (including the Warrant attached thereto as
Exhibit A)
99.2 Limited Power of Attorney
99.3 Agreement between Paramount Communications
B.V., Viacom International Inc., Viacom Inc. and
Sumner M. Redstone pursuant to Rule 13d-1(f)(1)(iii).
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.
March 27, 1995 PARAMOUNT COMMUNICATIONS B.V.
By: /s/ George S. Nelson
-----------------------------
Name: George S. Nelson
Title: Director
VIACOM INTERNATIONAL INC.
By: /s/ Michael D. Fricklas
-----------------------------
Name: Michael D. Fricklas
Title: Senior Vice President,
Deputy General Counsel
VIACOM INC.
By: /s/ Michael D. Fricklas
-----------------------------
Name: Michael D. Fricklas
Title: Senior Vice President,
Deputy General Counsel
*
--------------------------------------------
Sumner M. Redstone,
Individually
*By /s/ Michael D. Fricklas
----------------------------------
Michael D. Fricklas
Attorney-in-Fact
under the Limited Power of
Attorney filed as Exhibit 99.2
hereto
Page 10 of 14 Pages
<PAGE>
Schedule I
Directors
<TABLE><CAPTION>
Name and Address
of Corporation or
Business Principal Occupation Other Organization in
Name Address or Employment Which Employed
<S> <C> <C> <C>
Stephen P. Taylor 5555 Melrose Ave., Los Business Executive Paramount Pictures
Angeles, CA 90038 Corporation, 5555 Melrose
Ave., Los Angeles, CA 90038
George S. Nelson 1515 Broadway, New York, NY Business Executive Viacom Inc., 1515 Broadway,
10036 New York, NY 10036
Jan A. A. M. Jorritsma Rijswijkstraat 175, 1062 EV Business Executive Paramount Communications
Amsterdam, The Netherlands B.V., Rijswijkstraat 175,
1062 EV Amsterdam, The
Netherlands
Page 11 of 14 Pages
<PAGE>
</TABLE>
<TABLE><CAPTION>
Schedule II
Executive Officers
==============================================================================================================================
Name and Address
of Corporation or
Business or Principal Occupation Other Organization in
Name Residence Address or Employment Which Employed
---- ----------------- ------------- --------------
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Sumner M. Redstone* Viacom Inc. and Chairman of the Board of National Amusements, Inc.
Viacom International Inc. Viacom Inc. and Viacom 200 Elm Street
1515 Broadway International Inc.; Chairman Dedham, MA 02026
New York, NY 10036 of the Board and President, Viacom Inc. and Viacom
Chief Executive Officer of International Inc.
National Amusements, Inc. 1515 Broadway
New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Frank J. Biondi, Jr.* Viacom Inc. and President, Chief Executive Viacom Inc. and Viacom
Viacom International Inc. Officer of Viacom Inc. and International Inc.
1515 Broadway Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Vaughn A. Clarke Viacom Inc. and Viacom Sr. VP, Treasurer of Viacom Viacom Inc. and Viacom
International Inc. Inc. and Viacom International International Inc.
1515 Broadway Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Philippe P. Dauman* Viacom Inc. and Executive VP, General Viacom Inc. and Viacom
Viacom International Inc. Counsel, Chief Administrative International Inc.
1515 Broadway Officer and Secretary of 1515 Broadway
New York, NY 10036 Viacom Inc. and Viacom New York, NY 10036
International Inc.
==============================================================================================================================
</TABLE>
* Director
<PAGE>
<TABLE>
==============================================================================================================================
<S> <C> <C> <C>
Thomas E. Dooley Viacom Inc. and Viacom Executive VP, Finance, Viacom Inc. and Viacom
International Inc. Corporate Development and International Inc.
1515 Broadway Communications of Viacom Inc. 1515 Broadway
New York, NY 10036 and Viacom International Inc. New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Michael D. Fricklas Viacom Inc. and Viacom Sr. VP, Deputy General Viacom Inc. and Viacom
International Inc. Counsel and Assistant International Inc.
1515 Broadway Secretary of Viacom Inc. and 1515 Broadway
New York, NY 10036 Viacom International Inc. New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Rudolph L. Hertlein Viacom Inc. and Viacom Sr. VP of Viacom Inc. and Viacom Inc. and Viacom
International Inc. Viacom International Inc. International Inc.
1515 Broadway 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Edward D. Horowitz Viacom Inc. and Viacom Sr. VP, Technology of Viacom Viacom Inc. and Viacom
International Inc. Inc. and Viacom International International Inc.
1515 Broadway Inc.; Chairman, Chief 1515 Broadway
New York, NY 10036 Executive Officer of Viacom New York, NY 10036
Interactive Media
- ------------------------------------------------------------------------------------------------------------------------------
Kevin C. Lavan Viacom Inc. and Viacom Sr. VP, Controller and Chief Viacom Inc. and Viacom
International Inc. Accounting Officer of Viacom International Inc.
1515 Broadway Inc. and Viacom International 1515 Broadway
New York, NY 10036 Inc. New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Henry Leingang Viacom Inc. and Viacom Sr. VP, Chief Information Viacom Inc. and Viacom
International Inc. Officer of Viacom Inc. and International Inc.
1515 Broadway Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
==============================================================================================================================
</TABLE>
* Director
<PAGE>
<TABLE>
==============================================================================================================================
<S> <C> <C> <C>
William A. Roskin Viacom Inc. and Viacom Sr. VP, Human Resources and Viacom Inc. and Viacom
International Inc. Administration of Viacom Inc. International Inc.
1515 Broadway and Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
George S. Smith, Jr. Viacom Inc. and Viacom Sr. VP, Chief Financial Viacom Inc. and Viacom
International Inc. Officer of Viacom Inc. and International Inc.
1515 Broadway Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Mark M. Weinstein Viacom Inc. and Viacom Sr. VP, Government Affairs of Viacom Inc. and Viacom
International Inc. Viacom Inc. and Viacom International Inc.
1515 Broadway Internaitonal Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
==============================================================================================================================
Directors
- ------------------------------------------------------------------------------------------------------------------------------
Steven R. Berrard Blockbuster Entertainment President and Chief Executive Blockbuster Entertainment
Group Officer of the Blockbuster Group
One Blockbuster Plaza Entertainment Group One Blockbuster Plaza
Fort Lauderdale, FL 33301 Fort Lauderdale, FL 33301
- ------------------------------------------------------------------------------------------------------------------------------
William C. Ferguson NYNEX Corporation Chairman of the Board and NYNEX Corporation
335 Madison Avenue Chief Executive Officer of 335 Madison Avenue
New York, NY 10017 NYNEX Corporation New York, NY 10017
- ------------------------------------------------------------------------------------------------------------------------------
H. Wayne Huizenga Blockbuster Entertainment Vice Chairman of Viacom Inc.; Blockbuster Entertainment
Group Chairman of the Board and Group
One Blockbuster Plaza Chief Executive Officer of One Blockbuster Plaza
Fort Lauderdale, FL 33301 Blockbuster Entertainment Fort Lauderdale, FL 33301
Group; Chairman of the Board
of Huizenga Holdings, Inc.
==============================================================================================================================
</TABLE>
<PAGE>
<TABLE>
==============================================================================================================================
<S> <C> <C> <C>
George D. Johnson, Jr. Blockbuster Entertainment President -- Domestic Blockbuster Entertainment
Group Consumer Division of the Group
One Blockbuster Plaza Blockbuster Entertainment One Blockbuster Plaza
Fort Lauderdale, FL 33301 Group Fort Lauderdale, FL 33301
- ------------------------------------------------------------------------------------------------------------------------------
Ken Miller C.S. First Boston Vice Chairman of C.S. First C.S. First Boston
Park Avenue Plaza Boston Park Avenue Plaza
55 East 52nd Street 55 East 52nd Street
New York, NY 10055 New York, NY 10055
- ------------------------------------------------------------------------------------------------------------------------------
Shari Redstone National Amusements, Inc. Executive Vice President of National Amusements, Inc.
200 Elm Street National Amusements, Inc. 200 Elm Street
Dedham, MA 02026 Dedham, MA 02026
- ------------------------------------------------------------------------------------------------------------------------------
Brent D. Redstone 31270 Eagle Crest Lane Self-Employed
Evergreen, CO 80439
[Residence]
- ------------------------------------------------------------------------------------------------------------------------------
Frederic V. Salerno NYNEX Corporation Vice Chairman--Finance and NYNEX Corporation
335 Madison Avenue Business Development of NYNEX 335 Madison Avenue
New York, NY 10017 Corporation New York, NY 10017
- ------------------------------------------------------------------------------------------------------------------------------
William Schwartz Yeshiva University Vice President for Academic Yeshiva University
2495 Amsterdam Avenue Affairs (chief academic 2495 Amsterdam Avenue
New York, NY 10033 officer) of Yeshiva New York, NY 10033
University
==============================================================================================================================
</TABLE>
<PAGE>
<TABLE><CAPTION>
Schedule III
Executive Officers
==============================================================================================================================
Name and Address
of Corporation or
Business or Principal Occupation Other Organization in
Name Residence Address or Employment Which Employed
---- ----------------- ------------- --------------
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Sumner M. Redstone* Viacom Inc. and Chairman of the Board of National Amusements, Inc.
Viacom International Inc. Viacom Inc. and Viacom 200 Elm Street
1515 Broadway International Inc.; Chairman Dedham, MA 02026
New York, NY 10036 of the Board and President, Viacom Inc. and Viacom
Chief Executive Officer of International Inc.
National Amusements, Inc. 1515 Broadway
New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
H. Wayne Huizenga* Blockbuster Entertainment Vice Chairman of Viacom Inc.; Blockbuster Entertainment
Group Chairman of the Board and Group
One Blockbuster Plaza Chief Executive Officer of One Blockbuster Plaza
Fort Lauderdale, FL 33301 Blockbuster Entertainment Fort Lauderdale, FL 33301
Group; Chairman of the Board
of Huizenga Holdings, Inc.
- ------------------------------------------------------------------------------------------------------------------------------
Frank J. Biondi, Jr.* Viacom Inc. and President, Chief Executive Viacom Inc. and Viacom
Viacom International Inc. Officer of Viacom Inc. and International Inc.
1515 Broadway Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Vaughn A. Clarke Viacom Inc. and Viacom Sr. VP, Treasurer of Viacom Viacom Inc. and Viacom
International Inc. Inc. and Viacom International International Inc.
1515 Broadway Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
==============================================================================================================================
</TABLE>
* Director
<PAGE>
<TABLE>
==============================================================================================================================
<S> <C> <C> <C>
Philippe P. Dauman* Viacom Inc. and Executive VP, General Viacom Inc. and Viacom
Viacom International Inc. Counsel, Chief Administrative International Inc.
1515 Broadway Officer and Secretary of 1515 Broadway
New York, NY 10036 Viacom Inc. and Viacom New York, NY 10036
International Inc.
- ------------------------------------------------------------------------------------------------------------------------------
Thomas E. Dooley Viacom Inc. and Viacom Executive VP, Finance, Viacom Inc. and Viacom
International Inc. Corporate Development and International Inc.
1515 Broadway Communications of Viacom Inc. 1515 Broadway
New York, NY 10036 and Viacom International Inc. New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Michael D. Fricklas Viacom Inc. and Viacom Sr. VP, Deputy General Viacom Inc. and Viacom
International Inc. Counsel and Assistant International Inc.
1515 Broadway Secretary of Viacom Inc. and 1515 Broadway
New York, NY 10036 Viacom International Inc. New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Rudolph L. Hertlein Viacom Inc. and Viacom Sr. VP of Viacom Inc. and Viacom Inc. and Viacom
International Inc. Viacom International Inc. International Inc.
1515 Broadway 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Edward D. Horowitz Viacom Inc. and Viacom Sr. VP, Technology of Viacom Viacom Inc. and Viacom
International Inc. Inc. and Viacom International International Inc.
1515 Broadway Inc.; Chairman, Chief 1515 Broadway
New York, NY 10036 Executive Officer of Viacom New York, NY 10036
Interactive Media
==============================================================================================================================
</TABLE>
* Director
<PAGE>
<TABLE>
==============================================================================================================================
<S> <C> <C> <C>
Kevin C. Lavan Viacom Inc. and Viacom Sr. VP, Controller and Chief Viacom Inc. and Viacom
International Inc. Accounting Officer of Viacom International Inc.
1515 Broadway Inc. and Viacom International 1515 Broadway
New York, NY 10036 Inc. New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Henry Leingang Viacom Inc. and Viacom Sr. VP, Chief Information Viacom Inc. and Viacom
International Inc. Officer of Viacom Inc. and International Inc.
1515 Broadway Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
William A. Roskin Viacom Inc. and Viacom Sr. VP, Human Resources and Viacom Inc. and Viacom
International Inc. Administration of Viacom Inc. International Inc.
1515 Broadway and Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
George S. Smith, Jr. Viacom Inc. and Viacom Sr. VP, Chief Financial Viacom Inc. and Viacom
International Inc. Officer of Viacom Inc. and International Inc.
1515 Broadway Viacom International Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
- ------------------------------------------------------------------------------------------------------------------------------
Mark M. Weinstein Viacom Inc. and Viacom Sr. VP, Government Affairs of Viacom Inc. and Viacom
International Inc. Viacom Inc. and Viacom International Inc.
1515 Broadway Internaitonal Inc. 1515 Broadway
New York, NY 10036 New York, NY 10036
==============================================================================================================================
Directors
- ------------------------------------------------------------------------------------------------------------------------------
Steven R. Berrard Blockbuster Entertainment President and Chief Executive Blockbuster Entertainment
Group Officer of the Blockbuster Group
One Blockbuster Plaza Entertainment Group One Blockbuster Plaza
Fort Lauderdale, FL 33301 Fort Lauderdale, FL 33301
- ------------------------------------------------------------------------------------------------------------------------------
William C. Ferguson NYNEX Corporation Chairman of the Board and NYNEX Corporation
335 Madison Avenue Chief Executive Officer of 335 Madison Avenue
New York, NY 10017 NYNEX Corporation New York, NY 10017
==============================================================================================================================
</TABLE>
<PAGE>
<TABLE>
==============================================================================================================================
<S> <C> <C> <C>
George D. Johnson, Jr. Blockbuster Entertainment President -- Domestic Blockbuster Entertainment
Group Consumer Division of the Group
One Blockbuster Plaza Blockbuster Entertainment One Blockbuster Plaza
Fort Lauderdale, FL 33301 Group Fort Lauderdale, FL 33301
- ------------------------------------------------------------------------------------------------------------------------------
Ken Miller C.S. First Boston Vice Chairman of C.S. First C.S. First Boston
Park Avenue Plaza Boston Park Avenue Plaza
55 East 52nd Street 55 East 52nd Street
New York, NY 10055 New York, NY 10055
- ------------------------------------------------------------------------------------------------------------------------------
Shari Redstone National Amusements, Inc. Executive Vice President of National Amusements, Inc.
200 Elm Street National Amusements, Inc. 200 Elm Street
Dedham, MA 02026 Dedham, MA 02026
- ------------------------------------------------------------------------------------------------------------------------------
Brent D. Redstone 31270 Eagle Crest Lane Self-Employed
Evergreen, CO 80439
[Residence]
- ------------------------------------------------------------------------------------------------------------------------------
Frederic V. Salerno NYNEX Corporation Vice Chairman--Finance and NYNEX Corporation
335 Madison Avenue Business Development of NYNEX 335 Madison Avenue
New York, NY 10017 Corporation New York, NY 10017
- ------------------------------------------------------------------------------------------------------------------------------
William Schwartz Yeshiva University Vice President for Academic Yeshiva University
2495 Amsterdam Avenue Affairs (chief academic 2495 Amsterdam Avenue
New York, NY 10033 officer) of Yeshiva New York, NY 10033
University
==============================================================================================================================
</TABLE>
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
- ----------- ----------- --------
99.1 Warrant Agreement
(including the Warrant
attached thereto as
Exhibit A)
99.2 Limited Power of Attorney
99.3 Agreement between Paramount
Communications B.V., Viacom International Inc.,
Viacom Inc. and Sumner M. Redstone
Page 12 of 14 Pages
