SEC Info - Perry Corp, et al. - ‘SC 13G’ on 2/10/06 re: Blockbuster Entertainment Corp

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Perry Corp, et al. – ‘SC 13G’ on 2/10/06 re: Blockbuster Entertainment Corp

On: Friday, 2/10/06, at 7:09pm ET · As of: 2/13/06 · Accession #: 1011438-6-104 · File #: 5-35608

  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 2/13/06  Perry Corp                        SC 13G      2/10/06    1:10K  Blockbuster Entertainment Corp    Akin Gump Str… Office/FA
          Richard C. Perry

Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: SC 13G      Statement of Beneficial Ownership                      9     26K

Document Table of Contents

Page	(sequential)	\|	(alphabetic)	Top
			Alternative Formats (Word, et al.) Address of Principal Business Office Or, If None, Residence: Address of the Issuer's Principal Executive Offices: Amount Beneficially Owned: Certification: Citizenship: Cusip Number: Identification and Classification of Members of the Group: Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company: If This Statement Is Filed Pursuant to Rule 13D-1(B), or 13D-2(B) or (C), Check Whether the Person Filing Is A: Mr. Perry Name of Issuer: Name of Person Filing: Notice of Dissolution of Group: Number of Shares as to Which Such Person Has: Ownership: Ownership of Five Percent or Less of A Class: Ownership of More Than Five Percent on Behalf of Another Person: Percent of Class: Title of Class of Securities:
1	1st Page - Filing Submission
4	Item 1(a). Name of Issuer:
"	Item 1(b). Address of the Issuer's Principal Executive Offices:
"	Item 2(a). Name of Person Filing:
"	Item 2(b). Address of Principal Business Office Or, If None, Residence:
"	Item 2(c). Citizenship:
"	Item 2(d). Title of Class of Securities:
"	Item 2(e). Cusip Number:
"	Item 3. If This Statement Is Filed Pursuant to Rule 13D-1(B), or 13D-2(B) or (C), Check Whether the Person Filing Is A:
5	Item 4. Ownership:
"	Item 4(a). Amount Beneficially Owned:
"	Item 4(b). Percent of Class:
"	Item 4(c). Number of Shares as to Which Such Person Has:
"	Mr. Perry
"	Item 5. Ownership of Five Percent or Less of A Class:
"	Item 6. Ownership of More Than Five Percent on Behalf of Another Person:
6	Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company:
"	Item 8. Identification and Classification of Members of the Group:
"	Item 9. Notice of Dissolution of Group:
"	Item 10. Certification:

SC 13G 1st Page of 9 TOC ↑Top Previous Next ↓Bottom Just 1st
 
 UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

SCHEDULE 13G

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

 BLOCKBUSTER, INC.
(Name of Issuer)

 CLASS A COMMON STOCK, PAR VALUE $0.01
(Title of Class of Securities)

 093679108
(CUSIP Number)

 DECEMBER 31, 2005
(Date of Event which Requires Filing
of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule 
is filed:                                                                       

 [X] Rule 13d-1(b)
 [ ] 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).                                                                         

Continued on following pages
 Page 1 of 9 Pages

SC 13G 2nd Page of 9 TOC 1st Previous Next ↓Bottom Just 2nd
1        Names of Reporting Persons                                             
I.R.S. Identification Nos. of above persons (entities only)   

PERRY CORP.                                 

2        Check the Appropriate Box If a Member of a Group (See Instructions)    
a.       [ ]    
b.       [ ]    

3        SEC Use Only                                                           

4        Citizenship or Place of Organization                                   

NEW YORK                                    

       5             Sole Voting Power
Number of                                          0                            
Shares                                                                      
Beneficially                6             Shared Voting Power                   
Owned By                                         0                          
Each                                                                      
Reporting                   7             Sole Dispositive Power                
Person                                          0                         
With                                                                      
              8             Shared Dispositive Power
                       0

9        Aggregate Amount Beneficially Owned by Each Reporting Person           

0       

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain          
Shares (See Instructions)                                     

[ ]     

11       Percent of Class Represented By Amount in Row (9)                      

0%      

12       Type of Reporting Person (See Instructions)                            

IA, CO  

2 

SC 13G 3rd Page of 9 TOC 1st Previous Next ↓Bottom Just 3rd
1        Names of Reporting Persons                                             
I.R.S. Identification Nos. of above persons (entities only)   

RICHARD C. PERRY                            

2        Check the Appropriate Box If a Member of a Group (See Instructions)    
                                      a.       [ ]
                                      b.       [ ]

3        SEC Use Only                                                           

4        Citizenship or Place of Organization                                   

UNITED STATES                               

       5             Sole Voting Power
Number of                                          0                            
Shares                                                                      
Beneficially                6             Shared Voting Power                   
Owned By                                         0                          
Each                                                                    
Reporting                   7             Sole Dispositive Power                
Person                                         0                        
With                                                                    
              8             Shared Dispositive Power
                       0

9        Aggregate Amount Beneficially Owned by Each Reporting Person           

0       

10       Check Box If the Aggregate Amount in Row (9) Excludes Certain          
Shares (See Instructions)                                     

[ ]     

11       Percent of Class Represented By Amount in Row (9)                      

0%      

12       Type of Reporting Person (See Instructions)                            

IN, HC  

3 

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ITEM 1(a) NAME OF ISSUER:                                                       

Blockbuster, Inc. (the "Issuer").                           

ITEM 1(b) ADDRESS OF THE ISSUER'S PRINCIPAL EXECUTIVE OFFICES:                  

1201 Elm Street, Dallas, Texas 75270                        

ITEM 2(a) NAME OF PERSON FILING:                                                

This statement is filed on behalf of each of the following persons    
(collectively, the "Reporting Persons"):                                        

i)   Perry Corp.; and                                       

      ii)  Richard C. Perry, in his capacities as the President and sole
stockholder of Perry Corp. ("Mr. Perry").         

    This statement relates to Shares (as defined herein) held for the accounts
of two or more private investment funds for which Perry Corp. acts as general   
partner and/or managing member of the general partner and/or investment adviser.

ITEM 2(b) ADDRESS OF PRINCIPAL BUSINESS OFFICE OR, IF NONE, RESIDENCE:          

The address of the principal business office of each of the Reporting 
Persons is 767 Fifth Avenue, New York, New York 10153.                          

ITEM 2(c) CITIZENSHIP:                                                          

1)   Perry Corp. is a New York corporation; and             

2)   Mr. Perry is a citizen of the United States.           

ITEM 2(d) TITLE OF CLASS OF SECURITIES:                                         

Class A Common Stock, par value $0.01 (the "Shares").       

ITEM 2(e) CUSIP NUMBER:                                                         

093679108                                                   

ITEM 3. IF THIS STATEMENT IS FILED PURSUANT TO RULE 13D-1(B), OR 13D-2(B) OR    
(C), CHECK WHETHER THE PERSON FILING IS A:                      

          i)   Perry Corp. is an investment adviser registered under Section 203
of the Investment Advisers Act of 1940.           

ii)  Mr. Perry is a control person of Perry Corp.           

4 

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ITEM 4. OWNERSHIP:                                                              

ITEM 4(a) AMOUNT BENEFICIALLY OWNED:                                            

    Each of the Reporting Persons may no longer be deemed to be the beneficial
owner of any Shares.                                                            

ITEM 4(b) PERCENT OF CLASS:                                                     

   Each of the Reporting Persons may be deemed to be the beneficial owner of
0% of the total number of Shares outstanding.                                   

ITEM 4(c) NUMBER OF SHARES AS TO WHICH SUCH PERSON HAS:                         

                                                                [Download Table]

                                                                                   
          PERRY CORP.                                                              
          -----------                                                              

          (i)  Sole power to vote or direct the vote                              0

          (ii) Shared power to vote or to direct the vote                         0

          (iii) Sole power to dispose or to direct the disposition of             0

          (iv) Shared power to dispose or to direct the disposition of            0

         MR. PERRY                                                                 
         ---------                                                                 

         (i)       Sole power to vote or direct the vote                          0

         (ii)      Shared power to vote or to direct the vote                     0

         (iii)     Sole power to dispose or to direct the disposition of          0

         (iv)      Shared power to dispose or to direct the disposition of        0

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:           

     The limited partners of (or investors in) each of the private investment      
funds for which Perry Corp. acts as general partner and/or managing member of      
the general partner and/or investment adviser have the right to participate in     
the receipt of dividends from, or proceeds from the sale of, the securities held   
for the accounts of their respective funds in accordance with their respective     
limited partnership interest (or investment percentages) in their respective       
funds.                                                                             


5 

SC 13G 6th Page of 9 TOC 1st Previous Next ↓Bottom Just 6th
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE  
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY:       

 Perry Corp. is the relevant entity for which Mr. Perry may be
considered a control person.                                

        Perry Corp. is an investment adviser registered under the Investment
Advisers Act of 1940.                                       

ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP:              

This Item 8 is not applicable.                              

ITEM 9. NOTICE OF DISSOLUTION OF GROUP:                                         

This Item 9 is not applicable.                              

ITEM 10. CERTIFICATION:                                                         

    By signing below each of the Reporting Persons certifies that, to the best
of such person's knowledge and belief, the securities referred to above were    
acquired and are held in the ordinary course of business and 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 such securities and were not acquired  
and are not held in connection with or as a participant in any transaction      
having such purpose or effect.                                                  

6 

SC 13G 7th Page of 9 TOC 1st Previous Next ↓Bottom Just 7th
SIGNATURES

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

Date:  February 10, 2006           PERRY CORP.                                  

               By:      Richard C. Perry
        Title:   President

                               By: /s/ Michael C. Neus
                                               ---------------------------------
                             Michael C. Neus
                              Attorney-in-Fact

Date:  February 10, 2006           RICHARD C. PERRY                             

              By:  /s/ Michael C. Neus
                                       -----------------------------------------
             Michael C. Neus
              Attorney-in-Fact

7 

SC 13G 8th Page of 9 TOC 1st Previous Next ↓Bottom Just 8th
                                                        [Enlarge/Download Table]

                             EXHIBIT INDEX                                                    
                                                                                      PAGE NO.

                                                                                              
A. Joint Filing Agreement, dated as of February 10, 2006, by and among the Reporting       9  
   Persons........................                                                            


8 

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 EXHIBIT A

JOINT FILING AGREEMENT

The undersigned hereby agree that the statement on Schedule 13G with  
respect to the Class A Common Stock, $0.01 par value, of Blockbuster, Inc.,     
dated as of February 10, 2006, is, and any amendments thereto (including        
amendments on Schedule 13D) signed by each of the undersigned shall be, filed on
behalf of each of us pursuant to and in accordance with the provisions of Rule  
13d-1(k) under the Securities Exchange Act of 1934.                             

Date:  February 10, 2006          PERRY CORP.                                   

             By:      Richard C. Perry
      Title:   President

                             By: /s/ Michael C. Neus
                                              ----------------------------------
                             Michael C. Neus
                              Attorney-in-Fact

Date:  February 10, 2006          RICHARD C. PERRY                              

            By:  /s/ Michael C. Neus
                                   ---------------------------------------
               Michael C. Neus
                Attorney-in-Fact

9

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Dates Referenced Herein and Documents Incorporated by Reference

		Referenced-On Page
This ‘SC 13G’ Filing	Date	First	Last	Other Filings

Filed as of:	2/13/06			13F-HR, SC 13G, SC 13G/A
Filed on:	2/10/06	7	9	SC 13G
	12/31/05	1		13F-HR
				List all Filings

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Filing Submission 0001011438-06-000104 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Perry Corp, et al. – ‘SC 13G’ on 2/10/06 re: Blockbuster Entertainment Corp

On: Friday, 2/10/06, at 7:09pm ET · As of: 2/13/06 · Accession #: 1011438-6-104 · File #: 5-35608

Previous ‘SC 13G’: ‘SC 13G’ on 2/13/06 · Next: ‘SC 13G’ on 2/13/06 · Latest: ‘SC 13G/A’ on 2/13/15

Statement of Beneficial Ownership — Schedule 13GFiling Table of Contents

Document Table of Contents

Dates Referenced Herein and Documents Incorporated by Reference

Statement of Beneficial Ownership — Schedule 13G
Filing Table of Contents