UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
SCHEDULE 13G
UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*
BLOCKBUSTER INC.
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(Name of Issuer)
Common Stock, $0.01 Par Value Per Share
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(Title of Class of Securities)
093679108
---------
(CUSIP Number)
December 31, 2004
-----------------
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
* 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 the
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).
Page 1 of 14
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CUSIP NO. 093679108 13G Page 2 of 14 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
S.A.C. Capital Advisors, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 4,243,700 (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,243,700 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,243,700 (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
| |
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.8% (See Item 4)
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12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 2 of 14
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CUSIP NO. 093679108 13G Page 3 of 14 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
S.A.C. Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 4,243,700 (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,243,700 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,243,700 (see Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
| |
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.8% (See Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 3 of 14
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CUSIP NO. 093679108 13G Page 4 of 14 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
S.A.C. Capital Associates, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 4,025,600 (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,025,600 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,025,600 (see Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
| |
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
3.7% (See Item 4)
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12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 4 of 14
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CUSIP NO. 093679108 13G Page 5 of 14 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
S.A.C. MultiQuant Fund, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 218,100 (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
218,100 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
218,100 (see Item 4)
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10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
| |
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than .2% (see Item 4)
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12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 5 of 14
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CUSIP NO. 093679108 13G Page 6 of 14 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Sigma Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 25,000* (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
25,000* (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000* (see Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
| |
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than .1% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 6 of 14
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CUSIP NO. 093679108 13G Page 7 of 14 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Sigma Capital Associates, LLC
--------------------------------------------------------------------------------
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Anguilla, British West Indies
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 25,000* (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
25,000* (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
25,000* (see Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
| |
--------------------------------------------------------------------------------
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
Less than .1% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON *
OO
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 7 of 14
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CUSIP NO. 093679108 13G Page 8 of 14 Pages
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1 NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS
Steven A. Cohen
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) |_|
(b) |X|
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3 SEC USE ONLY
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4 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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NUMBER OF 5 SOLE VOTING POWER
SHARES 0
BENEFICIALLY --------------------------------------------------------
OWNED BY EACH 6 SHARED VOTING POWER
REPORTING 4,997,208* (see Item 4)
PERSON --------------------------------------------------------
WITH 7 SOLE DISPOSITIVE POWER
0
--------------------------------------------------------
8 SHARED DISPOSITIVE POWER
4,997,208* (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
4,997,208* (see Item 4)
--------------------------------------------------------------------------------
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES
CERTAIN SHARES*
| |
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11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
4.6% (see Item 4)
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12 TYPE OF REPORTING PERSON *
IN
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* SEE INSTRUCTIONS BEFORE FILLING OUT!
Page 8 of 14
ITEM 1(A) NAME OF ISSUER:
Blockbuster Inc.
ITEM 1(B) ADDRESS OF ISSUER'S PRINCIPAL EXECUTIVE OFFICES:
1201 Elm Street
Dallas, TX 75270
ITEMS 2(A) NAME OF PERSON FILING:
This statement is filed by: (i) S.A.C.
Capital Advisors, LLC, ("SAC Capital
Advisors") with respect to shares of Class A
common stock, $.01 par value per share
("Shares") of the Issuer S.A.C. Capital
Associates, LLC ("SAC Capital Associates")
and S.A.C. MultiQuant Fund, LLC ("SAC
MultiQuant"); (ii) S.A.C. Capital
Management, LLC, ("SAC Capital Management")
with respect to Shares beneficially owned by
SAC Capital Associates and SAC MultiQuant;
(iii) SAC Capital Associates with respect to
Shares beneficially owned by it; (iv) SAC
MultiQuant with respect to Shares
beneficially owned by it; (v) Sigma Capital
Management, LLC ("Sigma Capital Management")
with respect to Shares beneficially owned by
Sigma Capital Associates, LLC ("Sigma
Capital Associates"); (vi) Sigma Capital
Associates with respect to Shares
beneficially owned by it; and (vii) Steven
A. Cohen with respect to Shares beneficially
owned by SAC Capital Advisors, SAC Capital
Management, SAC Capital Associates, SAC
MultiQuant, Sigma Capital Management and
Sigma Capital Associates.
ITEM 2(B) ADDRESS OF PRINCIPAL BUSINESS OFFICE:
The address of the principal business office
of (i) SAC Capital Advisors and Mr. Cohen is
72 Cummings Point Road, Stamford,
Connecticut 06902, (ii) SAC Capital
Management and Sigma Capital Management is
540 Madison Avenue, New York, New York
10022, and (iii) SAC Capital Associates, SAC
MultiQuant and Sigma Capital Associates is
P.O. Box 58, Victoria House, The Valley,
Anguilla, British West Indies.
ITEM 2(C) CITIZENSHIP:
SAC Capital Advisors, SAC Capital Management and Sigma
Capital Management are Delaware limited liability companies.
SAC Capital Associates, SAC MultiQuant and Sigma Capital
Associates are Anguillan limited liability companies. Mr.
Cohen is a United States citizen.
Page 9 of 14
ITEM 2(D) TITLE OF CLASS OF SECURITIES:
Class A Common Stock, par value $0.01 per share
ITEM 2(E) CUSIP NUMBER:
093679108
ITEM 3 Not Applicable
ITEM 4 OWNERSHIP:
The percentages used herein are calculated
based upon the Shares issued and outstanding
as of November 2, 2004 as reported on the
Issuer's quarterly report on Form 10-Q filed
with the Securities and Exchange Commission
by the Issuer for the fiscal quarter ended
September 30, 2004.
As of the close of business on December 31,
2004:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: 4,243,700
(b) Percent of class: 3.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 4,243,700
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 4,243,700
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: 4,243,700
(b) Percent of class: 3.8%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 4,243,700
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 4,243,700
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: 4,025,600
(b) Percent of class: 3.7%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 4,025,600
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 4,025,600
Page 10 of 14
4. S.A.C. Multiquant Fund, LLC
(a) Amount beneficially owned: 218,100
(b) Percent of class: Less than .2%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 218,100
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 218,100
5. Sigma Capital Management, LLC
(a) Amount beneficially owned: 25,000*
(b) Percent of class: Less than .1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 25,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 25,000*
6. Sigma Capital Associates, LLC
(a) Amount beneficially owned: 25,000*
(b) Percent of class: Less than .1%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 25,000*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 25,000*
7. Steven A. Cohen
(a) Amount beneficially owned: 4,997,208*
(b) Percent of class: 4.6%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: 4,997,208*
(iii) Sole power to dispose or direct the disposition: -0-
(iv) Shared power to dispose or direct the
disposition: 4,997,208*
SAC Capital Advisors, SAC Capital
Management, Sigma Capital Management and Mr.
Cohen own directly no Shares. Pursuant to
investment agreements, each of SAC Capital
Advisors and SAC Capital Management share
all investment and voting power with respect
to the securities held by SAC Capital
Associates and SAC MultiQuant. Pursuant to
an investment management agreement, Sigma
Capital Management maintains investment and
voting power with respect to the securities
held by Sigma Capital Associates. Mr. Cohen
controls each of SAC Capital Advisors, SAC
Capital Management, and Sigma Capital. The
number of shares reported herein also
includes 728,508 Shares held in accounts
managed by Walter Capital Management LLP, in
which Mr. Cohen has an indirect interest. By
reason of the provisions of Rule 13d-3 of
the Securities Exchange Act of 1934, as
amended, each of (i) SAC Capital Advisors,
SAC Capital Management and Mr. Cohen may be
deemed to own beneficially 4,025,600 Shares
(constituting approximately 3.7% of the
Shares outstanding) and (ii) Sigma Capital
Management and Mr. Cohen may be deemed to
own beneficially 25,000 Shares (constituting
approximately less than .1% of the Shares
outstanding). Each of SAC Capital Advisors,
SAC Capital Management, Sigma Capital
Management and Mr. Cohen disclaim beneficial
ownership of any of the securities covered
by this statement.
Page 11 of 14
ITEM 5 OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS:
If this statement is being filed to report
the fact that as of the date hereof the
reporting person has ceased to be the
beneficial owner of more than five percent
of the class of securities, check the
following. |X|
ITEM 6 OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF
ANOTHER PERSON:
Not Applicable
ITEM 7 IDENTIFICATION AND CLASSIFICATION OF THE
SUBSIDIARY WHICH ACQUIRED THE SECURITY BEING
REPORTED ON BY THE PARENT HOLDING COMPANY:
Not Applicable
ITEM 8 IDENTIFICATION AND CLASSIFICATION OF MEMBERS
OF THE GROUP:
Not Applicable
ITEM 9 NOTICE OF DISSOLUTION OF GROUP:
Not Applicable
ITEM 10 CERTIFICATION:
By signing below the signatory certifies that, to the best of his
knowledge and belief, the securities referred to above were not acquired and are
not held for the purpose of or with the effect of changing or influencing the
control of the issuer of the securities and were not acquired and are not held
in connection with or as a participant in any transaction having that purpose or
effect.
Page 12 of 14
SIGNATURE
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.
Dated: February 14, 2004
S.A.C. CAPITAL ADVISORS, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
S.A.C. MULTIQUANT FUND, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 13 of 14
SIGMA CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
STEVEN A. COHEN
By: /s/ Peter Nussbaum
-----------------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 14 of 14