0000928475-05-000088.txt : 20120625
0000928475-05-000088.hdr.sgml : 20120625
20050408161449
ACCESSION NUMBER: 0000928475-05-000088
CONFORMED SUBMISSION TYPE: SC 13D/A
PUBLIC DOCUMENT COUNT: 2
FILED AS OF DATE: 20050408
DATE AS OF CHANGE: 20050408
GROUP MEMBERS: BLOCKBUSTER
SUBJECT COMPANY:
COMPANY DATA:
COMPANY CONFORMED NAME: BLOCKBUSTER INC
CENTRAL INDEX KEY: 0001085734
STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-VIDEO TAPE RENTAL [7841]
IRS NUMBER: 521655102
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
SEC ACT: 1934 Act
SEC FILE NUMBER: 005-56849
FILM NUMBER: 05741690
BUSINESS ADDRESS:
STREET 1: 1201 ELM STREET
CITY: DALLAS
STATE: TX
ZIP: 75270
BUSINESS PHONE: 2148543000
MAIL ADDRESS:
STREET 1: 1201 ELM STREET
CITY: DALLAS
STATE: TX
ZIP: 75270
FILED BY:
COMPANY DATA:
COMPANY CONFORMED NAME: ICAHN CARL C ET AL
CENTRAL INDEX KEY: 0000921669
STANDARD INDUSTRIAL CLASSIFICATION: UNKNOWN SIC - 0000 [0000]
IRS NUMBER: 000000000
STATE OF INCORPORATION: NY
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: SC 13D/A
BUSINESS ADDRESS:
STREET 1: C/O ICAHN ASSOCIATES CORP
STREET 2: 767 FIFTH AVE #4700
CITY: NEW YORK
STATE: NY
ZIP: 10153
BUSINESS PHONE: 2127024300
MAIL ADDRESS:
STREET 1: C/O ICAHN ASSOCIATES CORP
STREET 2: 767 FIFTH AVE #4700
CITY: NEW YORK
STATE: NY
ZIP: 10153
SC 13D/A
1
blockbuster13da.txt
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 3)*
Blockbuster, Inc.
(Name of Issuer)
Class A Common Stock
Class B Common Stock
(Title of Class of Securities)
Class A: 093679108
Class B: 093679207
(CUSIP Number)
Marc Weitzen, Esq.
General Counsel
Icahn Associates Corp. & affiliated companies
767 Fifth Avenue, 47th Floor
New York, New York 10153
(212) 702-4388
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
April 8, 2005
(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 that is the subject of this Schedule 13D, and is filing this
schedule because of " 240.13d-1(e), 240.13d-1(f) or 240.13d-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).
SCHEDULE 13D
Item 1. Security and Issuer
This Statement constitutes Amendment No. 3 to the Schedule 13D
previously filed on December 14, 2004 and amended on February 17, 2005 and April
7, 2005. All capitalized terms not otherwise defined shall have the meaning
ascribed to such terms in the previously filed statement on Schedule 13D.
Item 4. Purpose of Transaction
Item 4 is hereby amended to add the following:
On April 8, 2005, Registrants notified Issuer of their intention to
propose the nomination of a slate of directors for election at the forthcoming
2005 annual meeting of the Issuer's stockholders by facsimile and by hand. A
copy of the notification letter to Issuer is attached hereto as
Exhibit 1.
The nominees and a summary of their experience follows, and a full
description is provided in the letter attached as Exhibit 1:
1. Carl C. Icahn, who is one of the Registrants.
2. Edward Bleier, who, until 2004, had been President of a division of
Warner Bros. Entertainment Inc. responsible for American marketing of
movies, animation and TV programs to networks, pay television, cable,
satellite and video-on-demand.
3. Strauss Zelnick, who is founder of an investment and advisory firm
specializing in media and entertainment and who, from 1998 to 2000,
was President and Chief Executive Officer of BMG Entertainment, a
music and entertainment unit of Bertelsmann A.G., where he managed
one of the world's largest music and entertainment companies.
SECURITY HOLDERS ARE ADVISED TO READ THE PROXY STATEMENT AND OTHER DOCUMENTS
RELATED TO SOLICITATION OF PROXIES BY MR. ICAHN AND HIS AFFILIATES FROM THE
STOCKHOLDERS OF BLOCKBUSTER, INC. FOR USE AT ITS ANNUAL MEETING (A) WHEN AND IF
THEY BECOME AVAILABLE, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION,
INCLUDING INFORMATION RELATING TO THE PARTICIPANTS IN ANY SUCH PROXY
SOLICITATION, AND (B) WHEN AND IF COMPLETED, A DEFINITIVE PROXY STATEMENT AND A
FORM OF PROXY WHICH WILL BE MAILED TO STOCKHOLDERS OF BLOCKBUSTER, INC. AND WILL
BE AVAILABLE AT NO CHARGE AT THE SECURITIES AND EXCHANGE COMMISSION'S WEBSITE AT
HTTP://WWW.SEC.GOV.
Item 7. Material to be Filed as Exhibits
1 Letter to Issuer dated April 8, 2005
SIGNATURE
After reasonable inquiry and to the best of each of the undersigned
knowledge and belief, each of the undersigned certifies that the information set
forth in this statement is true, complete and correct.
Dated: April 8, 2005
HOPPER INVESTMENTS LLC
By: Barberry Corp.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
BARBERRY CORP.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, General Partner
By: Barberry Corp., member
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND L.P.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
[Signature Page of Amendment #3 to Schedule 13D - Blockbuster, Inc.]
ICAHN OFFSHORE L.P.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
CCI OFFSHORE LLC
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS L.P.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN ONSHORE L.P.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
CCI ONSHORE LLC
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN & CO., INC.
By: /s/ Irene S. March
Name: Irene S. March
Title: Controller
/s/ Carl C. Icahn_____________
-----------------
CARL C. ICAHN
[Signature Page of Amendment #3 to Schedule 13D - Blockbuster, Inc.]
EX-99
2
blockbusterexhibit.txt
EXHIBIT 1
ICAHN PARTNERS LP
ICAHN PARTNERS MASTER FUND LP
HIGH RIVER LIMITED PARTNERSHIP
ICAHN & CO., INC.
C/O ICAHN ASSOCIATES CORP.
767 FIFTH AVENUE, 47TH FLOOR
NEW YORK, NY 10153
April 8, 2005
VIA FACSIMILE AND HAND DELIVERY
Office of the Secretary
Blockbuster, Inc.
1201 Elm Street
Dallas, Texas 75270
Re: Shareholder's Notice of Intent to Nominate Persons for Election
as Directors of Blockbuster, Inc.
---------------------------------------------------------------------------
Ladies and Gentlemen:
Icahn Partners LP ("Icahn Partners"), Icahn Partners Master Fund LP
("Icahn Master"), Icahn & Co., Inc. ("Icahn & Co.") and High River Limited
Partnership ("High River" and together with Icahn Partners, Icahn Master and
Icahn & Co., "Record Holders" and each of them a "Record Holder") hereby submit
this notice (this "Notice") on the date hereof pursuant to the requirements (the
"Bylaw Requirements") set forth in Article II, Section 2.10 of the Amended and
Restated Bylaws of Blockbuster, Inc., effective October 6, 2004, filed as
Exhibit 3.2 to the Form 8-K filed with the Securities and Exchange Commission
(the "SEC") on October 8, 2004 (the "Bylaws") of Blockbuster, Inc. (the
"Corporation" or "Blockbuster").
The record address of each of Icahn Partners and Icahn Master is 767
Fifth Avenue, 47th Floor, New York, NY 10153. Each of Icahn Partners and Icahn
Master is the record owner of 1000 shares of Class A Common Stock of the
Corporation ("Class A Shares") and 1000 shares of Class B Common Stock of the
Corporation ("Class B Shares", and collectively with Class A Shares, "Shares").
Icahn Partners is the beneficial owner of 5,111,371 Class A Shares and 2,519,920
Class B Shares. Icahn Master is the beneficial owner of 4,075,909 Class A Shares
and 1,932,985 Class B Shares. The record address of each of High River and Icahn
& Co. is 1 Whitehall Street, 19th Floor, New York, NY 10004. Each of High River
and Icahn & Co. is the record owner of 500 Class A Shares. High River is the
beneficial owner of 1,398,820 Class A Shares and 772,320 Class B Shares. Icahn &
Co. is the beneficial owner of 898,000 Class A Shares and 340,906 Class B
Shares.
Each of Record Holders hereby represents that it: (i) is a stockholder
of record of stock of the Corporation entitled to vote at the 2005 annual
meeting of stockholders of the Corporation (the "Annual Meeting"), (ii) intends
to deliver a proxy statement and/or form of proxy to holders of at least the
percentage of the Corporation's outstanding capital stock required to elect the
Nominees and/or otherwise solicit proxies from stockholders of the Corporation
in support of such nomination, and (iii) intends to appear in person or by proxy
at the Annual Meeting to nominate for election as directors of the Corporation
the following persons (each, a "Nominee" and collectively, the "Slate"):
Carl C. Icahn
Edward Bleier
Strauss Zelnick
As of the date hereof, to the knowledge of Record Holders, based on the
Definitive Proxy Statement of Blockbuster ("Blockbuster Proxy Statement") on
Schedule 14A, filed with the SEC on March 31, 2005, the full Board of Directors
of Blockbuster ("Board") consists of seven (7) directors and there are only
three (3) director-candidates nominated for election to Board at the Annual
Meeting, all such candidates being Class III director-candidates. If, for any
reason, more than three (3) directors are to be elected at the Annual Meeting,
Record Holders intend to nominate additional persons to be so elected (each, an
"Additional Nominee"). Additionally, if, for any reason, any Nominee or
Additional Nominee is unable to stand for election at the Annual Meeting, Record
Holders intend to nominate a person in the place of such Nominee or Additional
Nominee (a "Substitute"). In either event, Record Holders at the earliest
practicable time will give notice to the Corporation of any Additional Nominee
or Substitute.
Pursuant to the Bylaw Requirements, certain information about each
Nominee is set forth in Annex A.
There are no arrangements or understandings between or among any Record
Holders and each Nominee and any other person or persons pursuant to which
Record Holders will nominate each Nominee. Pursuant to the Bylaw Requirements,
the written consent of each Nominee to being named in the proxy statement as a
nominee and to serve as a director of the Corporation if elected is attached as
Annex B.
Pursuant to the Bylaw Requirements, certain information relating to
Record Holders is set forth in the body of this Notice and Annex A.
The Annexes and all attachments thereto are hereby incorporated into
and made a part of this Notice. Accordingly, all matters disclosed in any part
of this Notice, including the Annexes and all attachments thereto, should be
deemed disclosed for all purposes of this Notice. All upper case terms appearing
in the Annexes and all attachments thereto that are not defined in such Annexes
and attachments shall have the meanings given in the body of this Notice or the
Annexes, as applicable.
Neither the delivery of this Notice in accordance with the Bylaw
Requirements nor any delivery by Record Holders of additional information to the
Corporation from and after the date hereof shall be deemed to constitute an
admission by Record Holders or any of their affiliates that such delivery is
required or as to the legality or enforceability of the Bylaws or any other
matter, or a waiver by Record Holders or any of their affiliates of their right
to contest or challenge, in any way, the enforceability of the Bylaws or any
other matter.
[Signature page follows]
Very truly yours,
ICAHN PARTNERS L.P.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN PARTNERS MASTER FUND L.P.
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
HIGH RIVER LIMITED PARTNERSHIP
By: Hopper Investments LLC, General Partner
By: Barberry Corp., member
By: /s/ Edward E. Mattner
Name: Edward E. Mattner
Title: Authorized Signatory
ICAHN & CO., INC.
By: /s/ Irene S. March
Name: Irene S. March
Title: Controller
[Signature page to Shareholder's Notice of Intent to Nominate
Persons for Election as Directors of Blockbuster, Inc.]
ANNEX A
Certain information about each Nominee is set forth in the attachments
to this Annex A.
ANNEX A
ATTACHMENT 1
INFORMATION ABOUT NOMINEE PURSUANT TO SECTION 2.10 OF
THE BYLAWS AND REGISTERED HOLDERS
(A)
Name: Carl C. Icahn
Age: 69
Business address: 767 Fifth Avenue, 47th Floor, New York, NY 10153
Residence address: 15 West 53rd Street, Penthouse B&C, New York, NY 10019
(B) Principal occupation or employment: See (D)(ii) and D(vii) below.
(C) Class or series and number of capital shares of Blockbuster that are owned
beneficially or of record by Nominee: See (D)(ii) below.
(D) Other information relating to Nominee:
(i) Mr. Icahn has an interest in the election of directors at the 2005 annual
meeting of stockholders of Blockbuster (the "Annual Meeting") indirectly through
his beneficial ownership of the Shares.
(ii) Mr. Icahn is not a record owner of any stock of the Corporation. The
following table sets forth the Corporation's stock of which Mr. Icahn may be
deemed to be a beneficial owner:
------------------ --------------- -------------------------- ------------------
TITLE OF CLASS NAME OF AMOUNT AND NATURE OF PERCENT OF CLASS
BENEFICIAL BENEFICIAL OWNER
OWNER
------------------ --------------- -------------------------- ------------------
------------------ --------------- -------------------------- ------------------
Class A Shares Carl C. Icahn 11,484,100 shares* 9.70%**
------------------ --------------- -------------------------- ------------------
------------------ --------------- -------------------------- ------------------
Class B Shares Carl C. Icahn 5,566,131 shares* 7.73%**
------------------ --------------- -------------------------- ------------------
* High River has sole voting power and sole dispositive power with
regard to 1,398,820 Class A Shares and 772,320 Class B Shares. By virtue of the
relationships discussed below, each of Barberry, Hopper and Carl C. Icahn has
shared voting power and shared dispositive power with regard to such Shares.
Icahn & Co. has sole voting power and sole dispositive power with regard to
898,000 Class A Shares and 340,906 Class B Shares. By virtue of the
relationships discussed below, each of Barberry and Carl C. Icahn has shared
voting power and shared dispositive power with regard to such Shares. Icahn
Master has sole voting power and sole dispositive power with regard to 4,075,909
Class A Shares and 1,932,985 Class B Shares. By virtue of the relationships
discussed below, each of Icahn Offshore, CCI Offshore and Carl C. Icahn has
shared voting power and shared dispositive power with regard to such Shares.
Icahn Partners has sole voting power and sole dispositive power with regard to
5,111,371 Class A Shares and 2,519,920 Class B Shares. By virtue of the
relationships discussed below, each of Icahn Onshore, CCI Onshore and Carl C.
Icahn has shared voting power and shared dispositive power with regard to such
Shares. Each of Hopper, Barberry and Mr. Icahn, by virtue of their relationships
to High River (as disclosed below), may be deemed to beneficially own (as that
term is defined in Rule 13d-3 under the Act) the Shares which High River
directly beneficially owns. Each of Hopper, Barberry and Mr. Icahn disclaims
beneficial ownership of such Shares for all other purposes. Each of Icahn
Offshore, CCI Offshore and Mr. Icahn, by virtue of their relationships to Icahn
Master (as disclosed below), may be deemed to beneficially own (as that term is
defined in Rule 13d-3 under the Act) the Shares which Icahn Master directly
beneficially owns. Each of Icahn Offshore, CCI Offshore and Mr. Icahn disclaims
beneficial ownership of such Shares for all other purposes. Each of Icahn
Onshore, CCI Onshore and Mr. Icahn, by virtue of their relationships to Icahn
Partners (as disclosed below), may be deemed to beneficially own (as that term
is defined in Rule 13d-3 under the Act) the Shares which Icahn Partners directly
beneficially owns. Each of Icahn Onshore, CCI Onshore and Mr. Icahn disclaims
beneficial ownership of such Shares for all other purposes. Each of Barberry and
Mr. Icahn, by virtue of their relationships to Icahn & Co. (as disclosed below),
may be deemed to beneficially own (as that term is defined in Rule 13d-3 under
the Act) the Shares which Icahn & Co. directly beneficially owns. Each of
Barberry and Mr. Icahn disclaims beneficial ownership of such Shares for all
other purposes.
** Based upon the 118,338,343 Class A Shares and 72,000,000 Class B Shares
stated to be outstanding as of March 17, 2005 by Blockbuster in its Definitive
Proxy Statement on Schedule 14A, filed with the Securities and Exchange
Commission on March 31, 2005.
Barberry Corp. is a Delaware corporation ("Barberry"). Icahn & Co.,
Inc. is a Delaware corporation ("Icahn & Co."). Hopper Investments, LLC is a
Delaware limited liability company ("Hopper"). High River Limited Partnership is
a Delaware limited partnership ("High River"). Icahn Partners Master Fund L.P.
is a Cayman Islands limited partnership ("Icahn Master"). Icahn Offshore L.P. is
a Delaware limited partnership ("Icahn Offshore"). CCI Offshore LLC is a
Delaware limited liability company ("CCI Offshore"). Icahn Partners L.P. is a
Delaware limited partnership ("Icahn Partners"). Icahn Onshore L.P. is a
Delaware limited partnership ("Icahn Onshore"). CCI Onshore LLC is a Delaware
limited liability company (" CCI Onshore"). The principal business address and
the address of the principal office of each of the foregoing entities is c/o
Icahn Associates Corp., 767 Fifth Avenue, 47th Floor, New York, New York 10153,
except that (i) the principal business address of each of Barberry, Hopper and
High River is 100 South Bedford Road, Mount Kisco, New York 10549, (ii) the
principal business address of Icahn Master is c/o Walkers SPV Limited, P.O. Box
908GT, 87 Mary Street, George Town, Grand Cayman, Cayman Islands, and (iii) the
principal business address of Icahn & Co. is 1 Whitehall Street 19th Floor, New
York, NY 10004.
Barberry is the sole member of Hopper, which is the general partner of
High River. Barberry is the sole shareholder of Icahn & Co. CCI Offshore is the
general partner of Icahn Offshore, which is the general partner of Icahn Master.
CCI Onshore is the general partner of Icahn Onshore, which is the general
partner of Icahn Partners. Each of Barberry, CCI Offshore and CCI Onshore is 100
percent owned by Carl C. Icahn.
Each of Icahn Master, Icahn Partners, Barberry and High River is
primarily engaged in the business of investing in securities. Hopper is
primarily engaged in the business of serving as the general partner of High
River. Icahn Offshore and Icahn Onshore are primarily engaged in the business of
serving as the general partner of Icahn Master and Icahn Partners, respectively.
CCI Offshore and CCI Onshore are primarily engaged in the business of serving as
the general partner of Icahn Offshore and Icahn Onshore, respectively. Icahn &
Co. is primarily engaged in the business of investing in securities and
providing broker-dealer services to its affiliates. Carl C. Icahn's present
principal occupation or employment is (i) owning all of the interest in CCI
Onshore and CCI Offshore, through which Mr. Icahn indirectly directs and manages
the investments of Icahn Master and Icahn Partners and (ii) acting as President
and a director of Starfire, and as the Chairman of the Board and a director of
various of Starfire's subsidiaries. Starfire is primarily engaged in the
business of investing in and holding securities of various entities, as set
forth in more detail below.
(iii) The following table indicates the date of each purchase of securities of
Blockbuster by Mr. Icahn and his affiliates within the past two years, and the
number of shares in each such purchase. Mr. Icahn and his affiliates did not
sell any securities of Blockbuster within the past two years.
------------------ ------------- ---------------------------
No. of Class A Shares
Name Date Purchased
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/11/04 34,300
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/12/04 120,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/15/04 49,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/16/04 100,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/17/04 124,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/18/04 40,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/19/04 162,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/22/04 17,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/23/04 15,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/24/04 40,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/26/04 22,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/29/04 80,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/30/04 55,800
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/01/04 56,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/02/04 138,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/03/04 30,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/14/04 183,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/14/04 62,720
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 02/14/05 70,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co. 02/15/05 130,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co 02/17/05 613,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co 03/07/05 70,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co 03/08/05 85,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/11/04 54,880
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/12/04 192,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/15/04 76,440
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/16/04 156,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/17/04 193,440
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/18/04 62,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/19/04 252,720
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/22/04 26,520
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/23/04 23,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/24/04 62,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/26/04 34,320
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/29/04 124,800
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/30/04 87,048
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/01/04 87,360
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/02/04 215,280
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/03/04 49,200
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/14/04 300,120
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/14/04 102,861
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 02/14/05 142,800
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 02/15/05 265,200
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 02/17/05 1,250,520
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 03/07/05 142,800
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 03/08/05 173,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/11/04 82,320
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/12/04 288,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/15/04 119,560
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/16/04 244,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/17/04 302,560
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/18/04 97,600
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/19/04 395,280
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/22/04 41,480
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/23/04 36,600
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/24/04 97,600
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/26/04 53,680
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/29/04 195,200
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/30/04 136,152
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/01/04 136,640
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/02/04 336,720
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/03/04 70,800
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/14/04 431,880
------------------ ------------- ---------------------------
------------------- ------------ ---------------------------
Icahn Partners 12/14/04 148,019
------------------- ------------ ---------------------------
------------------- ------------ ---------------------------
Icahn Partners 02/14/05 137,200
------------------- ------------ ---------------------------
------------------- ------------ ---------------------------
Icahn Partners 02/15/05 254,800
------------------- ------------ ---------------------------
------------------- ------------ ---------------------------
Icahn Partners 02/17/05 1,201,480
------------------- ------------ ---------------------------
------------------- ------------ ---------------------------
Icahn Partners 03/07/05 137,200
------------------- ------------ ---------------------------
------------------- ------------ ---------------------------
Icahn Partners 03/08/05 166,600
------------------- ------------ ---------------------------
------------------ ------------- ---------------------------
No. of Class B Shares
Name Date Purchased
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/15/04 94,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/16/04 26,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/17/04 31,960
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/18/04 40,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/19/04 80,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/22/04 12,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/23/04 6,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/24/04 17,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/26/04 7,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/29/04 24,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 11/30/04 52,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/01/04 35,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/02/04 88,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/03/04 38,080
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/06/04 16,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/07/04 40,900
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/08/04 42,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/09/04 31,300
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/10/04 35,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/14/04 12,740
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 12/14/04 12,940
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
High River 02/14/05 30,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co. 02/15/05 30,080
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co. 02/16/05 53,000
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co. 02/17/05 131,626
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co. 03/07/05 41,560
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co. 03/08/05 79,480
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn & Co. 04/01/05 5,160
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/15/04 146,640
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/16/04 40,560
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/17/04 49,858
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/18/04 62,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/19/04 124,800
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/22/04 18,720
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/23/04 9,360
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/24/04 26,520
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/26/04 11,544
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/29/04 37,440
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 11/30/04 81,120
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/01/04 54,600
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/02/04 137,280
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/03/04 62,451
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/06/04 26,240
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/07/04 67,076
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/08/04 68,880
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/09/04 51,332
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/10/04 57,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/14/04 20,894
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 12/14/04 21,222
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 02/14/05 61,200
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 02/15/05 61,363
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 02/16/05 108,120
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 02/17/05 268,518
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 03/07/05 84,782
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 03/08/05 162,139
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Master 04/01/05 10,526
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/15/04 229,360
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/16/04 63,440
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/17/04 77,982
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/18/04 97,600
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/19/04 195,200
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/22/04 29,280
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/23/04 14,640
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/24/04 41,480
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/26/04 18,056
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/29/04 58,560
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 11/30/04 126,880
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/01/04 85,400
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/02/04 214,720
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/03/04 89,869
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/06/04 37,760
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/07/04 96,524
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/08/04 99,120
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/09/04 73,868
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/10/04 82,600
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/14/04 30,066
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 12/14/04 30,538
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 02/14/05 58,800
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 02/15/05 58,957
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 02/16/05 103,880
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 02/17/05 257,987
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 03/07/05 81,458
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 03/08/05 155,781
------------------ ------------- ---------------------------
------------------ ------------- ---------------------------
Icahn Partners 04/01/05 10,114
------------------ ------------- ---------------------------
(iv) Part of the purchase price of the Shares purchased by High River was
obtained through margin borrowing. The Shares purchased by High River are
maintained in a margin account that includes positions in securities in addition
to the Shares. The indebtedness of the margin account as of April 7, 2005 was
approximately $304,685,124.
(v) Other than as disclosed in this Notice, Mr. Icahn is not, and was not within
the past year, a party to any contract, arrangement or understanding with any
person with respect to any securities of Blockbuster, including, but not limited
to, joint ventures, loan or option arrangements, puts or calls, guarantees
against loss or guarantees of profit, division of losses or profits, or the
giving or withholding of proxies. Other than as disclosed in this Notice, none
of the Record Holders is, and was within the past year, a party to any contract,
arrangement or understanding with any person with respect to any securities of
Blockbuster, including, but not limited to, joint ventures, loan or option
arrangements, puts or calls, guarantees against loss or guarantees of profit,
division of losses or profits, or the giving or withholding of proxies.
(vi) Mr. Icahn has no position or office with Blockbuster, and has no
arrangement or understanding with any other person pursuant to which he was
selected to be a nominee. Neither Mr. Icahn nor any of his associates have any
arrangement or understanding with any person with respect to (A) any future
employment by Blockbuster or its affiliates; or (B) any future transactions to
which Blockbuster or any of its affiliates will or may be a party. None of the
Record Holders nor any of their associates have any arrangement or understanding
with any person with respect to (A) any future employment by Blockbuster or its
affiliates; or (B) any future transactions to which Blockbuster or any of its
affiliates will or may be a party.
(vii) Mr. Icahn has served as Chairman of the Board and a director of Starfire
Holding Corporation ("Starfire") (formerly Icahn Holding Corporation), a
privately-held holding company, and Chairman of the Board and a director of
various subsidiaries of Starfire, since 1984. Mr. Icahn is and has been since
1994 a majority shareholder, the Chairman of the Board and a Director of
American Railcar Industries, Inc. ("ARI"), a Missouri corporation. ARI is
primarily engaged in the business of manufacturing, managing, leasing and
selling of railroad freight and tank cars. Mr. Icahn has also been Chairman of
the Board and President of Icahn & Co., a registered broker-dealer and a member
of the National Association of Securities Dealers, since 1968. Since November
1990, Mr. Icahn has been Chairman of the Board of American Property Investors,
Inc., the general partner of American Real Estate Partners, L.P., a public
limited partnership that invests in real estate and holds various other
interests, including the interests in its subsidiaries that are engaged, among
other things, in the oil and gas business and casino entertainment business. Mr.
Icahn has been a director of Cadus Pharmaceutical Corporation, a firm that holds
various biotechnology patents, since 1993. From August 1998 to August 2002, Mr.
Icahn served as Chairman of the Board of Maupintour Holding LLC (f/k/a/
Lowestfare.com, LLC), an internet travel reservations company. From October 1998
through May, 2004, Mr. Icahn was the President and a director of Stratosphere
Corporation, which operates the Stratosphere Hotel and Casino. Since September
29, 2000, Mr. Icahn has served as the Chairman of the Board of GB Holdings,
Inc., which owns all of the outstanding stock of Atlantic Coast Entertainment
Holdings, Inc., which through its wholly-owned subsidiary owns and operates The
Sands Hotel and Casino in Atlantic City, New Jersey. Mr. Icahn also serves in
the same capacity with Atlantic Coast Entertainment Holdings, Inc. In January
2003, Mr. Icahn became Chairman of the Board and a director of XO
Communications, Inc., a telecommunications company.
None of the entities referred to under this item (D)(vii) with which
the Nominee has been involved during the past five years is a parent,
subsidiary, or other affiliate of Blockbuster.
Mr. Icahn received his B.A. from Princeton University.
(viii) On January 5, 2001, Reliance Group Holdings, Inc. ("Reliance") commenced
an action in the United States District Court for the Southern District of New
York against Mr. Icahn, Icahn Associates Corp. and High River alleging that High
River's tender offer for Reliance 9% senior notes violated Section 14(e) of the
Exchange Act. Reliance sought a temporary restraining order and preliminary and
permanent injunctive relief to prevent defendants from purchasing the notes. The
Court initially imposed a temporary restraining order. Defendants then
supplemented the tender offer disclosures. The Court conducted a hearing on the
disclosures and other matters raised by Reliance. It then denied plaintiff's
motion for a preliminary injunction and ordered dissolution of its temporary
restraining order following dissemination of the supplement.
Reliance took an immediate appeal to the United States Court of Appeals
for the Second Circuit and sought a stay to restrain defendants from purchasing
notes during the pendency of the appeal. On January 30, 2001, the Court of
Appeals denied plaintiff's stay application. On January 30, Reliance also sought
a further temporary restraining order from the District Court. The Court
considered the matter and reimposed its original restraint until noon the next
day, at which time the restraint was dissolved. The appeal was argued on March 9
and denied on March 22, 2001.
ANNEX A
ATTACHMENT 2
INFORMATION ABOUT NOMINEE PURSUANT TO SECTION 2.10 OF THE BYLAWS
(A)
Name: Edward Bleier
Age: 75
Business address: 1325 Avenue of the Americas, Suite 3010, New York, NY 10019
Residence address: 32 East 64th Street, New York, NY 10021
(B) Principal occupation or employment: See (D)(ii) below.
(C) Class or series and number of capital shares of Blockbuster that are owned
beneficially or of record by Nominee: None.
Purchases or sales of securities of Blockbuster within the past two years: None
(E) Other information relating to Nominee:
(i) Mr. Bleier has no position or office with Blockbuster, and has no
arrangement or understanding with any other person pursuant to which he was
selected to be a nominee. Neither Mr. Bleier nor any of his associates have any
arrangement or understanding with any person with respect to (A) any future
employment by Blockbuster or its affiliates; or (B) any future transactions to
which Blockbuster or any of its affiliates will or may be a party.
(ii) Mr. Bleier retired in January 2004 from Warner Bros Entertainment Inc.
after 34 years, where he has been President of the division responsible for
American marketing of movies, animation and TV programs to networks, Pay TV,
Cable and Satellite and video-on-demand. Previously, he was a senior executive
of ABC TV in charge of, variously, marketing, day time and children's
programming, sales and planning. Mr. Bleier is a Director of Real Networks Inc.,
a leading company in Internet streaming of audio and visual media and a Director
of CKX Inc., a newly formed aggregator of entertainment companies e.g., Elvis
Presley Enterprises and "American Idol." Mr. Bleier is a member of the Council
of Foreign Relations and a Trustee of the Charles A. Dana Foundation and the
Martha Graham Dance Company. He is Chairman Emeritus of the Center for
Communication and Guild Hall's Academy of the Arts. In 2003, Mr. Bleier
published a NY Times bestseller, "The Thanksgiving Ceremony."
None of the entities referred to under this item (D)(ii) with which the
Nominee has been involved during the past five years is a parent, subsidiary, or
other affiliate of Blockbuster.
Mr. Bleier received a B.S. from Syracuse University.
ANNEX A
ATTACHMENT 3
INFORMATION ABOUT NOMINEE PURSUANT TO SECTION 2.10 OF THE BYLAWS
(A)
Name: Strauss Zelnick
Age: 47
Business address: 650 Fifth Avenue, 31st Floor, New York, NY 10019
Residence address: 115 East 67th Street, Apt. 9C, New York, NY 10021
(B) Principal occupation or employment: See (D)(ii) below.
(C) Class or series and number of capital shares of Blockbuster that are owned
beneficially or of record by Nominee: None.
(D) Purchases or sales of securities of Blockbuster within the past two years:
None
(E) Other information relating to Nominee:
(i) Mr. Zelnick has no position or office with Blockbuster, and has no
arrangement or understanding with any other person pursuant to which he was
selected to be a nominee. Neither Mr. Zelnick nor any of his associates have any
arrangement or understanding with any person with respect to (A) any future
employment by Blockbuster or its affiliates; or (B) any future transactions to
which Blockbuster or any of its affiliates will or may be a party.
(ii) Strauss Zelnick is the founder of Zelnick Media LLC, an investment and
advisory firm specializing in media and entertainment. From 1998 to 2000, Mr.
Zelnick was President and Chief Executive Officer of BMG Entertainment, a then
$4.7 billion music and entertainment unit of Bertelsmann A.G., where he managed
one of the world's largest music and entertainment companies, one of the leading
music publishing companies and the world's largest record club. Before joining
BMG, Mr. Zelnick was President and Chief Executive Officer of Crystal Dynamics,
a leading producer and distributor of interactive entertainment software. Before
joining Crystal Dynamics, Mr. Zelnick was president and Chief Operating Officer
of 20th Century Fox, a unit of News Corp., engaged in the production and
distribution of feature films and television programming. Mr. Zelnick is a
director of Carver Bancorp, Inc., a bank holding company. Mr. Zelnick was
recently appointed, subject to approval of shareholders, to the boards of Reed
Elsevier PLC, Reed Elsevier N.V. and Reed Elsevier Group plc., a leading
provider of global information driven services and solutions.
None of the entities referred to under this item (D)(ii) with which the
Nominee has been involved during the past five years is a parent, subsidiary, or
other affiliate of Blockbuster.
Mr. Zelnick received a B.A. from Wesleyan University and an MBA and JD
from Harvard University.
ANNEX B
The written consent of each Nominee to being named in the proxy
statement as a nominee for election as a director of Blockbuster and to serve as
a director if elected is attached to this Annex B. If the Corporation requests
original signed statements of consent, the Record Holders will provide them.
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee
for election as a director of Blockbuster, Inc. (the "Company"), in the proxy
statement to be filed with the Securities and Exchange Commission and
distributed to stockholders of the Company by Icahn Partners, LP ("Icahn
Partners"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn & Co., Inc.
("Icahn & Co.") and High River Limited Partnership ("High River" and together
with Icahn Partners, Icahn Master and Icahn & Co., "Record Holders") and in
other materials in connection with the solicitation of proxies by Record Holders
from stockholders of the Company to be voted at the 2005 annual meeting of
stockholders of the Company and any adjournment thereof, and further consents to
serve as a director of the Company, if elected.
Dated: April 6, 2005
/s/ Carl C. Icahn
Carl C. Icahn
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee
for election as a director of Blockbuster, Inc. (the "Company"), in the proxy
statement to be filed with the Securities and Exchange Commission and
distributed to stockholders of the Company by Icahn Partners, LP ("Icahn
Partners"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn & Co., Inc.
("Icahn & Co.") and High River Limited Partnership ("High River" and together
with Icahn Partners, Icahn Master and Icahn & Co., "Record Holders") and in
other materials in connection with the solicitation of proxies by Record Holders
from stockholders of the Company to be voted at the 2005 annual meeting of
stockholders of the Company and any adjournment thereof, and further consents to
serve as a director of the Company, if elected.
Dated: April 8, 2005
/s/ Edward Bleier
Edward Bleier
CONSENT OF NOMINEE
The undersigned hereby consents to being named as a nominee
for election as a director of Blockbuster, Inc. (the "Company"), in the proxy
statement to be filed with the Securities and Exchange Commission and
distributed to stockholders of the Company by Icahn Partners, LP ("Icahn
Partners"), Icahn Partners Master Fund LP ("Icahn Master"), Icahn & Co., Inc.
("Icahn & Co.") and High River Limited Partnership ("High River" and together
with Icahn Partners, Icahn Master and Icahn & Co., "Record Holders") and in
other materials in connection with the solicitation of proxies by Record Holders
from stockholders of the Company to be voted at the 2005 annual meeting of
stockholders of the Company and any adjournment thereof, and further consents to
serve as a director of the Company, if elected.
Dated: April 8, 2005
s/ Strauss Zelnick
Strauss Zelnick