Seagram Co Ltd, et al. – ‘SC 13D/A’ on 6/28/01 re: Loews Cineplex Entertainment Corp

On:  Thursday, 6/28/01, at 12:46pm ET   ·   Accession #:  950123-1-503928   ·   File #:  5-54065

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Amendment to General Statement of Beneficial Ownership   —   Schedule 13D
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13D/A    Amendment No. 1 to Schedule 13D                        5     21K 

Document Table of Contents

SC 13D/A
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 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13D
(RULE 13d-101)

INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT TO RULE 13d-1(a) AND
AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)

 UNDER THE SECURITIES EXCHANGE ACT OF 1934
(AMENDMENT NO. 1)*

LOEWS CINEPLEX ENTERTAINMENT CORPORATION
(NAME OF ISSUER)

 COMMON STOCK, PAR VALUE $0.01 PER SHARE
(TITLE OF CLASS OF SECURITIES)

 540423 10 0
(CUSIP NUMBER)

 KAREN RANDALL, ESQ.
 UNIVERSAL STUDIOS, INC.
100 UNIVERSAL CITY PLAZA
UNIVERSAL CITY, CA 91608
(818) 777-1000
 (NAME, ADDRESS AND TELEPHONE NUMBER OF PERSON
 AUTHORIZED TO RECEIVE NOTICES AND COMMUNICATIONS)

JUNE 28, 2001 
 (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(e), 13d-1(f) or 13d-1(g), check the  
following box  [  ].                                                            

                Note: Schedules filed in paper format shall include a signed
       original and five copies of the schedule, including all exhibits. See
Rule 13d-7 for other parties to whom copies are to be sent.   

               *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 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).                                                                     

SC 13D/A
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SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP NO.  540423 10 0                              PAGE     2        OF       5
--------------------------------------------------------------------------------
1     NAME OF REPORTING PERSON                                          
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON           
THE SEAGRAM COMPANY LTD.                                    

--------------------------------------------------------------------------------
    2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a) [  ]

                                                                        (b) [  ]

--------------------------------------------------------------------------------
3     SEC USE ONLY                                                      

--------------------------------------------------------------------------------
4     SOURCES OF FUNDS*                                                 

--------------------------------------------------------------------------------
  5     CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO
          ITEMS 2(d) or 2(e)                                                [  ]

--------------------------------------------------------------------------------
6     CITIZENSHIP OR PLACE OF ORGANIZATION                              

CANADA                                    
--------------------------------------------------------------------------------
NUMBER OF             7     SOLE VOTING POWER                               
SHARES                                    0                               
                    ------------------------------------------------------------
BENEFICIALLY            8     SHARED VOTING POWER                               
OWNED BY                                                                    
EACH                                      0                               
                    ------------------------------------------------------------
REPORTING              9     SOLE DISPOSITIVE POWER                           
PERSON                                                                      
WITH                                      0                               
                    ------------------------------------------------------------
10     SHARED DISPOSITIVE POWER   

           0
--------------------------------------------------------------------------------
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       

           0
--------------------------------------------------------------------------------
   12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

          [  ]
--------------------------------------------------------------------------------
13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 

          0.0%
--------------------------------------------------------------------------------
14     TYPE OF REPORTING PERSON*                                          

          CO
--------------------------------------------------------------------------------

SC 13D/A
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SCHEDULE 13D
--------------------------------------------------------------------------------
CUSIP NO.  540423 10 0                              PAGE     3        OF       5
--------------------------------------------------------------------------------
1     NAME OF REPORTING PERSON                                          
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON           
UNIVERSAL STUDIOS, INC.                                     
IRS Identification No. 95-201468                            
--------------------------------------------------------------------------------
    2     CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*             (a) [  ]

                                                                        (b) [  ]

--------------------------------------------------------------------------------
3     SEC USE ONLY                                                      

--------------------------------------------------------------------------------
4     SOURCES OF FUNDS*                                                 

--------------------------------------------------------------------------------
  5     CHECK BOX 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                                    0                               
                    ------------------------------------------------------------
BENEFICIALLY            8     SHARED VOTING POWER                               
OWNED BY                                                                    
EACH                                      0                               
                    ------------------------------------------------------------
REPORTING              9     SOLE DISPOSITIVE POWER                           
PERSON                                                                      
WITH                                      0                               
                    ------------------------------------------------------------
10     SHARED DISPOSITIVE POWER   

           0
--------------------------------------------------------------------------------
11     AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON       

           0
--------------------------------------------------------------------------------
   12     CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES*

          [  ]
--------------------------------------------------------------------------------
13     PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)                 

          0.0%
--------------------------------------------------------------------------------
14     TYPE OF REPORTING PERSON*                                          

          CO
--------------------------------------------------------------------------------

SC 13D/A
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                                        ----------------------------------------
                                                    PAGE     4        OF       5
                                        ----------------------------------------

                This Statement on Schedule 13D, as amended by this Amendment
No. 1 (the "Schedule 13D"), filed pursuant to Rule 13d-1 of the Rules and       
Regulations under the Securities Exchange Act of 1934, as amended, by each of   
the entities identified on the cover pages to this Schedule 13D (such entities, 
collectively, the "Reporting Persons"), relating to shares of common stock, par 
value $0.01 per share (the "Common Stock"), of Loews Cineplex Entertainment     
Corporation, a Delaware corporation ("Loews"), is hereby amended as set forth   
below.                                                                          

ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.                                   

Item 5 is hereby supplemented as follows:   

               On June 28, 2001, (i) Universal Studios, Inc. ("Universal")
sold 14,946,461 shares of Common Stock and 63,000 shares of Class B non-voting  
common stock, par value $0.01 per share, of Loews (the "Non-Voting Stock") and  
(ii) Universal Studios International BV, an affiliate of Universal, sold 17,000 
shares of Non-Voting Stock. All of such shares were sold to Goldman, Sachs & Co.
for an aggregate purchase price of $1.00. Following the sale, the Reporting     
Persons ceased to own any shares of Common Stock. Because the Reporting Persons 
no longer beneficially own more than 5% of the Common Stock, they will no longer
be required to report on Schedule 13D with respect to the Common Stock.         

                 Universal sold the shares in order to recognize a tax loss on
its investment in Loews. Universal intends to use the tax loss to offset gains  
on other capital transactions.                                                  

                Pursuant to the Amended and Restated Stockholders Agreement,
dated as of September 30, 1997 (the "Stockholders Agreement"), among Loews,     
Universal and other parties thereto, previously described in the Schedule 13D,  
Universal will cease to have the right to designate nominees to serve as members
of the Board of Directors of Loews as a result of the sale of its shares. Loews 
has informed Universal that, notwithstanding the sale, Loews would like the four
current designees of Universal to remain on the Board of Directors of Loews and 
the designees intend to remain on the Board.                                    

ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER.                                       

Item 6 is hereby supplemented as follows:   

                 As a result of the sale described in Item 5 above, the rights
and obligations of Universal under the Stockholders Agreement were terminated   
under the terms thereof.                                                        

SC 13D/A
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                                        ----------------------------------------
                                                    PAGE     5        OF       5
                                        ----------------------------------------

SIGNATURES

         After reasonable inquiry and to the best of their knowledge and belief,
the undersigned certify that the information set forth in this statement is     
true, complete and correct.                                                     

DATED:   June 28, 2001                                                          

                              THE SEAGRAM COMPANY LTD.

                              By:  /s/ John R. Preston
                                            ----------------------------
                               John R. Preston
                                     Senior Vice President

                                     By:  /s/ George E. Bushnell III
                                            ----------------------------
                                      George E. Bushnell III
                         Secretary

                             UNIVERSAL STUDIOS, INC.

                            By:  /s/ Karen Randall
                                            ----------------------------
                             Karen Randall
                                            Executive Vice President and
                               General Counsel

Dates Referenced Herein   and   Documents Incorporated by Reference

				Referenced-On Page
This ‘SC 13D/A’ Filing		Date		First		Last			Other Filings
Filed on:		6/28/01		1		5			3
		9/30/97		4					10-Q
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