UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. __)*
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)
January 31, 2003
----------------
(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 13
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CUSIP No. 093679108 13G Page 2 of 13 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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
BENEFICIALLY 0
OWNED -----------------------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 2,332,000 (see Item 4)
PERSON -----------------------------------------------------------------
WITH
7 SOLE DISPOSITIVE POWER
0
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8 SHARED DISPOSITIVE POWER
2,332,000 (see Item 4)
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9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,332,000 (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)
6.5% (see Item 4)
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12 TYPE OF REPORTING PERSON*
00
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 2 of 13
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CUSIP No. 093679108 13G Page 3 of 13 Pages
----------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Management, 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
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------------
BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 2,332,000 (see Item 4)
WITH
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,332,000 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,332,000 (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)
6.5% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 3 of 13
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CUSIP No. 093679108 13G Page 4 of 13 Pages
----------------------- ------------------
-------------------------------------------------------------------------------
1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
S.A.C. Capital Associates, LLC
--------------------------------------------------------------------------------
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
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------------
BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 2,332,000 (see Item 4)
WITH
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,332,000 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,332,000 (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)
6.5% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 4 of 13
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CUSIP No. 093679108 13G Page 5 of 13 Pages
----------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
Sigma Capital Management, LLC
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
(a) [ ]
(b) [X]
--------------------------------------------------------------------------------
3 SEC USE ONLY
--------------------------------------------------------------------------------
4 CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
--------------------------------------------------------------------------------
NUMBER OF 5 SOLE VOTING POWER
SHARES
BENEFICIALLY 0
OWNED -----------------------------------------------------------------
BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 10,000 (see Item 4)
WITH
------------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
10,000 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,000 (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)
0.02% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 5 of 13
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CUSIP No. 093679108 13G Page 6 of 13 Pages
----------------------- ------------------
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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
BENEFICIALLY 0
OWNED -----------------------------------------------------------------
BY
EACH 6 SHARED VOTING POWER
REPORTING
PERSON 10,000 (see Item 4)
WITH
-----------------------------------------------------------------
7 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
10,000 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
10,000 (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)
0.02% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
00
--------------------------------------------------------------------------------
*SEE INSTRUCTION BEFORE FILLING OUT
Page 6 of 13
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CUSIP No. 093679108 13G Page 7 of 13 Pages
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1 NAME OF REPORTING PERSON
I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
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
BENEFICIALLY 0
OWNED -----------------------------------------------------------------
BY 6 SHARED VOTING POWER
EACH
REPORTING 2,342,800 (see Item 4)
PERSON -----------------------------------------------------------------
WITH
7 SOLE DISPOSITIVE POWER
0
------------------------------------------------------------------
8 SHARED DISPOSITIVE POWER
2,342,800 (see Item 4)
--------------------------------------------------------------------------------
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,342,800 (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)
6.6% (see Item 4)
--------------------------------------------------------------------------------
12 TYPE OF REPORTING PERSON*
IN
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*SEE INSTRUCTION BEFORE FILLING OUT
Page 7 of 13
Item 1(a) Name of Issuer:
--------------
Blockbuster Inc.
Item 1(b) Address of Issuer's Principal Executive Offices:
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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
beneficially owned by S.A.C. Capital Associates, LLC
("SAC Capital Associates"); (ii) S.A.C. Capital
Management, LLC, ("SAC Capital Management") with respect
to Shares beneficially owned by SAC Capital Associates;
(iii) SAC Capital Associates with respect to Shares
beneficially owned by it; (iv) Sigma Capital Management,
LLC ("Sigma Capital Management") with respect to Shares
beneficially owned by Sigma Capital Associates, LLC
("Sigma Capital Associates"); (v) Sigma Capital
Associates with respect to Shares beneficially owned by
it; and (vi) Steven A. Cohen with respect to Shares
beneficially owned by SAC Capital Advisors, SAC Capital
Management, SAC Capital Associates, 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, 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, and
Sigma Capital Associates are Anguillan limited
liability companies. Mr. Cohen is a United States
citizen.
Page 8 of 13
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 1, 2002
as reported on the Company's quarterly report on Form
10-Q filed with the Securities and Exchange Commission
by the Company for the fiscal quarter ended September
30, 2002.
As of the close of business on February 7, 2003:
1. S.A.C. Capital Advisors, LLC
(a) Amount beneficially owned: -2,332,000-
(b) Percent of class: 6.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
-2,332,000-
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the
disposition: -2,332,000-
2. S.A.C. Capital Management, LLC
(a) Amount beneficially owned: -2,332,000-
(b) Percent of class: 6.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
-2,332,000-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -2,332,000-
3. S.A.C. Capital Associates, LLC
(a) Amount beneficially owned: -2,332,000-
(b) Percent of class: 6.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
-2,332,000-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -2,332,000-
4. Sigma Capital Management, LLC
(a)Amount beneficially owned: -10,000-
(b) Percent of class: 0.02%
(c)(i) Sole power to vote or direct the vote: -0-
Page 9 of 13
(ii) Shared power to vote or direct the vote: -10,000-
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the
disposition: -10,000-
6. Sigma Capital Associates, LLC
(a) Amount beneficially owned: -10,000-
(b) Percent of class: 0.02%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote: -15,000-
(iii) Sole power to dispose or direct the disposition:
-0-
(iv) Shared power to dispose or direct the
disposition: -10,000-
7. Steven A. Cohen
(a) Amount beneficially owned: -2,342,000-
(b) Percent of class: 6.5%
(c)(i) Sole power to vote or direct the vote: -0-
(ii) Shared power to vote or direct the vote:
-2,342,000-
(iii) Sole power to dispose or direct the
disposition: -0-
(iv) Shared power to dispose or direct the
disposition: -2,342,000-
SAC Capital Advisors, SAC Capital Management, Sigma
Capital Management, and Mr. Cohen own directly no shares
of Common Stock. 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. 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
Management. By reason of the provisions of Rule 13D-3 of
the Securities Exchange Act of 1934, as amended, each of
(i) SAC Advisors, SAC Management and Mr. Cohen may be
deemed to own beneficially 2,332,000 shares
(constituting approximately 6.5% of the shares
outstanding) and (ii) Sigma Capital Management and Mr.
Cohen may be deemed to own beneficially 10,000 shares
(constituting approximately 0.02% 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 10 of 13
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. [ ]
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 11 of 13
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 10, 2003
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
SIGMA CAPITAL MANAGEMENT, LLC
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
SIGMA CAPITAL ASSOCIATES, LLC
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 12 of 13
STEVEN A. COHEN
By: /s/ Peter Nussbaum
------------------------------
Name: Peter Nussbaum
Title: Authorized Person
Page 13 of 13