SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
____________________________________________________
SCHEDULE 13D
(Amendment No. 2)
Under the Securities Exchange Act of 1934
BLOCKBUSTER ENTERTAINMENT CORPORATION
(Name of Issuer)
Common Stock, Par Value $.10 Per Share
(Title of Class of Securities)
093676 10 4
(CUSIP Number)
Philippe P. Dauman, Esq.
Viacom Inc.
200 Elm Street
Dedham, Massachusetts 02026
Telephone: (617) 461-1600
(Name, Address and Telephone Number of
Person Authorized to Receive Notices and
Communications)
Copy to:
Stephen R. Volk, Esq.
Shearman & Sterling
599 Lexington Avenue
New York, NY 10022
Telephone: (212) 848-4000
September 29, 1994
(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 / /.
Page 1 of ___ Pages
<PAGE>
CUSIP No. 093676 10 4
<TABLE>
<S> <C>
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
VIACOM INC.
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I.R.S. Identification No. 04-2949533
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
/ / (a)
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/ / (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions)
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(5) Check 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 (7) Sole Voting Power
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Shares
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Beneficially (8) Shared Voting Power -0-
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Owned by
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Each (9) Sole Dispositive Power
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Reporting
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Person (10) Shared Dispositive Power -0-
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With
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
-0-
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
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(13) Percent of Class Represented by Amount in Row (11)
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Not applicable.
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(14) Type of Reporting Person (See Instructions) CO
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</TABLE>
Page 2 of ___ Pages
<PAGE>
CUSIP No. 093676 10 4
<TABLE>
<S> <C>
(1) Name of Reporting Person
S.S. or I.R.S. Identification No. of Above Person
SUMNER M. REDSTONE
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S.S. No.
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(2) Check the Appropriate Box if a Member of Group (See Instructions)
/ / (a)
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/ / (b)
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(3) SEC Use Only
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(4) Sources of Funds (See Instructions)
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(5) Check 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 United States
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Number of (7) Sole Voting Power
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Shares
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Beneficially (8) Shared Voting Power -0-
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Owned by
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Each (9) Sole Dispositive Power
-----------------------------------------------------
Reporting
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Person (10) Shared Dispositive Power -0-
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With
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(11) Aggregate Amount Beneficially Owned by Each Reporting Person
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-0-
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(12) Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)
----
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(13) Percent of Class Represented by Amount in Row (11)
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Not applicable.
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(14) Type of Reporting Person (See Instructions) IN
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</TABLE>
Page 3 of ___ Pages
<PAGE>
This Amendment No. 2 amends the Statement on
Schedule 13D, as amended (the "Statement"), filed with the
Securities and Exchange Commission (the "Commission") on
January 18, 1994 by Viacom Inc. ("Viacom") and Sumner M.
Redstone (the "Statement") with respect to the common stock,
par value $.10 per share (the "Common Stock"), of
Blockbuster Entertainment Corporation, a Delaware
corporation (the "Issuer"), with its principal executive
offices located at One Blockbuster Plaza, Ft. Lauderdale,
Florida 33301. Capitalized terms used but not defined
herein have the meanings assigned to such terms in the
Statement.
Item 3. Source and Amount of Funds or Other Consideration.
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Item 3 of the Statement is hereby amended and
supplemented as follows:
The shares of Common Stock the subject of the
Statement were cancelled in connection with the merger of
the Issuer with and into Viacom (the "Merger"), with Viacom
as the surviving corporation, in accordance with the terms
and conditions of the Agreement and Plan of Merger, dated as
of January 7, 1994, between Viacom and the Issuer, as
amended as of June 15, 1994 (the "Merger Agreement").
Pursuant thereto, each share of Common Stock (other than
shares held by Viacom, the Issuer and, if appraisal rights
are available under the Delaware General Corporation Law,
those holders who have demanded and perfected appraisal
rights) has been cancelled and converted into the right to
receive (i) 0.08 of a share of Class A Common Stock, par
value $.01 per share, of Viacom ("Viacom Class A Common
Stock"), (ii) 0.60615 of a share of Class B Common Stock,
par value $.01 per share, of Viacom ("Viacom Class B Common
Stock") and (iii) up to an additional 0.13829 of a share of
Viacom Class B Common Stock, with such number of shares
depending on market prices of Viacom Class B Common Stock
during the year following the effective time of the Merger,
evidenced by one variable common right of Viacom.
Item 4. Purpose of Transaction.
----------------------
Item 4 is hereby amended and supplemented as
follows:
On September 29, 1994, pursuant to the terms and
conditions of the Merger Agreement, (A) the Issuer was
merged with and into Viacom with Viacom as the surviving
corporation and (B) each outstanding share of Common Stock
(other than shares held by Viacom, the Issuer and, if
appraisal rights are available under the Delaware General
Corporation Law, those holders who have demanded and
perfected appraisal rights) was cancelled and converted into
the right to receive (i) 0.08 of a share of Viacom Class A
Common Stock, (ii) 0.60615 of a share of Viacom Class B
Common Stock and (iii) up to an additional 0.13829 of a
share of Viacom Class B Common Stock, with such number of
shares depending on market prices of Viacom Class B Common
Stock during the year following the effective time of the
Merger, evidenced by one variable common right of Viacom. A
copy of the press release
Page 4 of ___ Pages
<PAGE>
issued by Viacom on September 29, 1994, relating to the
consummation of the Merger, is attached hereto as Exhibit
99.1 and is incorporated herein by reference.
Item 5. Interest in Securities of the Issuer.
------------------------------------
On September 29, 1994, the Merger was consummated.
As a result thereof, the shares of Common Stock the subject
of the Statement were cancelled.
Item 7. Material to Be Filed as Exhibits.
--------------------------------
99.1 Press release issued by Viacom Inc. on September 29,
1994.
Page 5 of ___ Pages
<PAGE>
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.
October 4, 1994 VIACOM INC.
By /s/ Philippe P. Dauman
-------------------------
Name: Philippe P. Dauman
Title: Executive Vice
President,
Chief Administrative
Officer, General
Counsel and
Secretary
Page 6 of ___ Pages
<PAGE>
Signature
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After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set
forth in this Statement is true, complete and correct.
October 4, 1994
*
------------------------------------
Sumner M. Redstone, Individually
*By /s/ Philippe P. Dauman
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Philippe P. Dauman
Attorney-in-Fact
under the Limited Power
of Attorney filed as Exhibit 3
to the Statement.
Page 7 of ___ Pages
<PAGE>
Exhibit Index
Exhibit No. Description Page No.
---------- ----------- --------
99.1 Press release issued by Viacom Inc.
on September 29, 1994.
Page 8 of ___ Pages
