UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 BLOCKBUSTER INC. (Name of Issuer) Class A Common Stock (Title of Class of Securities) 093679108 (CUSIP Number) December 26, 2007 (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 in 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). CUSIP No. 093679108 1. Names of Reporting Person I.R.S. Identification Nos. of above person Trivium Capital Management, LLC. 2. Check the Appropriate Box if a Member Of a Group [ ] (a) [ ] (b) 3. SEC Use Only 4. Citizenship or Place of Organization Delaware, United States 5. Sole Voting Power: 0 Number of Shares 6. Shared Voting Power: 7,290,119 Beneficially Owned by 7. Sole Dispositive Power: 0 Each Reporting Person With 8. Shared Dispositive Power: 7,545,000 9. Aggregate Amount Beneficially Owned by Each Reporting Person 7,545,000 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11. Percent of Class Represented by Amount in Row (9) 6.22% 12. Type of Reporting Person IA CUSIP No. 093679108 1. Names of Reporting Person I.R.S. Identification Nos. of above person Trivium Offshore Fund, Ltd. 2. Check the Appropriate Box if a Member of a Group [ ] (a) [ ] (b) 3. SEC Use Only 4. Citizenship or Place of Organization Grand Cayman, British West Indies 5. Sole Voting Power: 0 Number of Shares 6. Shared Voting Power: 6,077,570 Beneficially Owned by 7. Sole Dispositive Power: 0 Each Reporting Person With 8. Shared Dispositive Power: 6,077,570 9. Aggregate Amount Beneficially Owned by Each Reporting Person 6,077,570 10. Check if the Aggregate Amount in Row (9) Excludes Certain Shares 11. Percent of Class Represented by Amount in Row (9) 5.01% 12. Type of Reporting Person OO Item 1. (a) Issuer: BLOCKBUSTER INC. 1. Address: 1201 ELM STREET DALLAS, TX 75270 Item 2. (a) Name of Person Filing: Trivium Capital Management, LLC. Trivium Offshore Fund, Ltd. (b) Address of Principal Business Offices: Trivium Capital Management, LLC. 600 Lexington Avenue, 23rd Floor New York, NY 10022 United States Trivium Offshore Fund, Ltd. c/o Citco Fund Services (Bermuda) Limited Washington Mall West, 2nd Floor 7 Reid Street Hamilton HM11, Bermuda (c) Citizenship: Please refer to Item 4 on each cover sheet for each filing person (d) Title of Class of Securities Common stock (e) CUSIP Number: 093679108 Item 3. Trivium Capital Management, LLC. is an investment advisor in accordance with Rule 13d-1(b)(1)(ii)(E); Item 4. Ownership Please see Items 5 - 9 and 11 for each cover sheet for each filing separately Item 5. Ownership of Five Percent or Less of a Class Not Applicable 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 I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and 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 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. 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. Date: January 7, 2008 Trivium Capital Management, LLC. By: /s/ Kelly Ireland -------------------------- Name: Kelly Ireland Title: Chief Financial Officer Trivium Offshore Fund, Ltd. By: /s/ Kelly Ireland -------------------------- Name: Kelly Ireland Title: Chief Financial Officer