SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
--------------------------------------------
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
--------------------------------------------
Date of Report (date of earliest event reported): March 10, 1994
VIACOM INTERNATIONAL INC.
----------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 1-9554 04-2980402
------------------- -------------------- -------------------
(State or other (Commission File (I.R.S. Employer
jurisdiction of Number) Identification No.)
Incorporation)
1515 Broadway, New York, New York 10036
----------------------------------------- ------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 258-6000
Page 1 of 6 Pages
Exhibit Index Appears on Page 4
<PAGE>
Item 5. Other Events.
On March 10, 1994, Viacom Inc., a Delaware corporation
("Viacom") and the parent of Viacom International Inc., completed
the issuance and sale to Blockbuster Entertainment Corporation, a
Delaware corporation ("Blockbuster"), of 22,727,273 shares of Class B
Common Stock of Viacom for an aggregate purchase price of
$1,250,000,015.
A copy of the press release of Viacom, dated March 10, 1994,
relating to the above-described transaction is attached hereto as
Exhibit 99 and is incorporated herein by reference.
Item 7. Financial Statements, Pro Forma Financial Information
and Exhibits.
(c) The following exhibit is filed as part of this
report on Form 8-K:
Exhibit 99 Press release by Viacom Inc. dated
March 10, 1994.
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this
report to be signed on its behalf by the undersigned hereunto
duly authorized.
VIACOM INTERNATIONAL INC.
(Registrant)
Date: March 18, 1994 By: /s/ Philippe P. Dauman
---------------------------
Name: Philippe P. Dauman
Title: Executive Vice
President, Chief
Administrative Officer,
General Counsel and
Secretary
<PAGE>
EXHIBIT INDEX
-------------
Exhibit No. Description Page
----------- ----------- ----
Exhibit 99 Press release by Viacom Inc. dated
March 10, 1994. 5
BLOCKBUSTER COMPLETES $1.25 BILLION INVESTMENT IN VIACOM
New York, New York, March 10, 1994 -- Pursuant to the terms
of their subscription agreement, Viacom Inc. (ASE: VIA and
VIAB) and Blockbuster Entertainment Corporation (NYSE: BV)
announced today that Blockbuster has purchased approximately
23 million shares of Viacom Class B Common Stock for a total
consideration of $1.25 billion.
The merger of Viacom and Blockbuster is expected to be
submitted to shareholders for approval in late April or
early May.
# # #
Contact: Viacom Inc. Blockbuster Entertainment Corp.
Raymond A. Boyce Wally Knief
212/258-6530 305/832-3250
Edelman
Scott Tagliarino
212/704-8261
