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BLOCKBUSTER ENTERTAINMENT FILES REGISTRATION STATEMENT FOR PUBLIC OFFERING

 FORT LAUDERDALE, Fla., Nov. 1 /PRNewswire/ -- Blockbuster Entertainment Corporation (NYSE: BV) announced today that it filed a registration statement with the Securities and Exchange Commission covering a proposed sale by the company of 12.6 million shares of the company's common stock in an underwritten public offering.
 The company intends to use the proceeds from the offering to reduce certain of its existing indebtedness.
 The number of shares being offered by the company under the registration statement will, upon their issuance, represent approximately 5.2 percent of the company's then-outstanding shares.
 -0- 11/1/93
 /CONTACT: Gregory K. Fairbanks of Blockbuster Entertainment Corporation, 305-832-3000/
 (BV)


CO: Blockbuster Entertainment Corporation ST: Florida IN: REA ENT SU: OFR

JB-RK -- FL004 -- 8992 11/01/93 09:05 EST
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Publication:PR Newswire
Date:Nov 1, 1993
Words:125
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