================================================================================ SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 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) (Amendment No. 1)(1) Crown Media Holdings, Inc. (Name of Issuer) Class A Common Stock, Par Value $0.01 Per Share (Title of Class of Securities) 228411 10 4 (CUSIP Number) Peter Schube Executive Vice President and General Counsel The Jim Henson Company, Inc. 1416 North La Brea Avenue Hollywood, CA 90028 (323) 802-1570 (Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications) July 27, 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 that 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: |_|. ================================================================================ ----------------- (1) 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 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. 228411 10 4 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON EM.TV & Merchandising AG (No. I.R.S. Identification No. - non-U.S. entity) ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. SOURCE OF FUNDS OO ________________________________________________________________________________ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6. CITIZENSHIP OR PLACE OF ORGANIZATION Germany ________________________________________________________________________________ 7. SOLE VOTING POWER NUMBER OF 0 Shares of Class A Common Stock SHARES _________________________________________________________________ 8. SHARED VOTING POWER BENEFICIALLY 0 Shares of Class A Common Stock OWNED BY _________________________________________________________________ EACH 9. SOLE DISPOSITIVE POWER REPORTING 0 Shares of Class A Common Stock PERSON _________________________________________________________________ 10. SHARED DISPOSITIVE POWER WITH 0 Shares of Class A Common Stock ________________________________________________________________________________ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 Shares of Class A Common Stock ________________________________________________________________________________ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ________________________________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% Shares of Class A Common Stock ________________________________________________________________________________ 14. TYPE OF REPORTING PERSON CO ________________________________________________________________________________ 2 CUSIP No. 228411 10 4 ________________________________________________________________________________ 1. NAME OF REPORTING PERSONS I.R.S. IDENTIFICATION NOS. OF ABOVE PERSON The Jim Henson Company, Inc. (13-2571101) ________________________________________________________________________________ 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [_] (b) [X] ________________________________________________________________________________ 3. SEC USE ONLY ________________________________________________________________________________ 4. SOURCE OF FUNDS OO ________________________________________________________________________________ 5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) [_] ________________________________________________________________________________ 6. CITIZENSHIP OR PLACE OF ORGANIZATION New York ________________________________________________________________________________ 7. SOLE VOTING POWER NUMBER OF 0 Shares of Class A Common Stock SHARES _________________________________________________________________ 8. SHARED VOTING POWER BENEFICIALLY 0 Shares of Class A Common Stock OWNED BY _________________________________________________________________ EACH 9. SOLE DISPOSITIVE POWER REPORTING 0 Shares of Class A Common Stock PERSON _________________________________________________________________ 10. SHARED DISPOSITIVE POWER WITH 0 Shares of Class A Common Stock ________________________________________________________________________________ 11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 0 Shares of Class A Common Stock ________________________________________________________________________________ 12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES [_] ________________________________________________________________________________ 13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) 0% Shares of Class A Common Stock ________________________________________________________________________________ 14. TYPE OF REPORTING PERSON CO ________________________________________________________________________________ 3 The Jim Henson Company, Inc. ("Henson") and EM.TV & Merchandising AG ("EMTV") hereby amend and supplement their report on Schedule 13D, originally filed on March 26, 2001 (the "Schedule 13D") with respect to the purchase of shares of Class A common stock, par value $0.01 per share (the "Class A Common Stock"), of Crown Media Holdings, Inc. (the "Issuer). ITEM 2. IDENTITY AND BACKGROUND. Schedule 1 to the Schedule 13D is hereby deleted in its entirety and replaced with the Schedule 1 attached to this Amendment No. 1. All statements made in the Schedule 13D regarding the persons listed on Schedule 1 are hereby incorporated by reference and made with respect to the persons listed on Schedule 1 attached to this Amendment No. 1. ITEM 5. INTERESTS IN SECURITIES OF THE ISSUER. The response set forth in Item 5 of the Schedule 13D is hereby amended and restated in its entirety as follows: (a)-(b): As of the date of this Amendment No. 1, no shares of Class A Common Stock are owned by Henson or EMTV. To the knowledge of the Reporting Persons, no shares of Class A Common Stock of the Issuer are beneficially owned by any executive officer or director of Henson or EMTV. (c): Henson acquired 5,377,721 shares of Class A Common Stock on March 15, 2001 as disclosed pursuant to Item 3 above. On July 27, 2001, Henson sold all 5,377,721 shares of Common Stock for $90 million (a price of approximately $16.74 per share). The shares were sold in private transaction pursuant to a Stock Purchase Agreement dated July 24, 2001 by and between Henson and Hallmark Entertainment, Inc., an affiliate of the Issuer, a copy of which is filed as an Exhibit hereto and incorporated by references. Except for such sale, neither of the Reporting Persons, nor, to the best knowledge of the Reporting Persons, any of their respective directors or executive officers, has effected any transactions in shares of Class A Common Stock during the past 60 days. (d): No longer applicable. (e): Henson and EMTV, through its ownership of Henson, ceased to be beneficial owners of more than 5% of the outstanding shares of Class A Common Stock on July 27, 2001. ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO SECURITIES OF THE ISSUER. The response set forth in Item 6 of the Schedule 13D is hereby amended and restated in its entirety as follows: Henson is a party to the Stock Purchase Agreement referenced in Item 5 above, pursuant to which it sold all its shares of Class A Common Stock to Hallmark Entertainment, Inc. on July 27, 2001. ITEM 7. MATERIAL TO BE FILED AS EXHIBITS The Exhibit Index to the Schedule 13D is hereby deleted in its entirety and replaced with the Exhibit Index attached to this Amendment No. 1. 4 SIGNATURES After reasonable inquiry and to the best of our respective knowledge and belief, the undersigned certify that the information set forth in this statement is true, complete and correct. Dated: August 6, 2001 THE JIM HENSON COMPANY, INC. By: /s/ Peter Schube --------------------------------------- Name: Peter Schube Title: Executive Vice President EM.TV & MERCHANDISING AG By: /s/ Rolf Rickmeyer --------------------------------------- Name: Rolf Rickmeyer Title: Member of the Managing Board By: /s/ Manfred Hohn --------------------------------------- Name: Manfred Hohn Title: Executive Vice President 5 SCHEDULE 1 The name and present principal occupation of each director and executive officer of each of The Jim Henson Company, Inc. and EM.TV & Merchandising AG are set forth below. The business address for the directors and executive officers of The Jim Henson Company, Inc. is 1416 North La Brea Avenue, Hollywood, CA 90028. The business address for the directors and executive officers of EM.TV & Merchandising AG is Betastrasse 11, 85774 Unterfohring, Germany. THE JIM HENSON COMPANY, INC. -------------------------------------------------------------------------------- Brian Henson Director/Chairman United States citizen -------------------------------------------------------------------------------- Lisa Henson Director/Vice Chairman United States citizen -------------------------------------------------------------------------------- Charles Rivkin Director/President and United States citizen Chief Executive Officer -------------------------------------------------------------------------------- Rolf Rickmeyer Director German citizen -------------------------------------------------------------------------------- Rainer Huether Director German citizen -------------------------------------------------------------------------------- Patrick Elmendorff Director Canadian citizen -------------------------------------------------------------------------------- Peter Schube Exec. Vice President United States citizen & Secretary -------------------------------------------------------------------------------- Isabel Miller Exec. Vice President United States citizen -------------------------------------------------------------------------------- Nancy Schultz Chief Financial Officer United States citizen -------------------------------------------------------------------------------- EM.TV. & MERCHANDISING AG -------------------------------------------------------------------------------- Rainer Huether Member of the Managing Board German citizen -------------------------------------------------------------------------------- Rolf Rickmeyer Member of the Managing Board German citizen -------------------------------------------------------------------------------- Dr. Bernd Thiemann Chairman of the Supervisory Board German citizen -------------------------------------------------------------------------------- Prof. Roland Berger Member of the Supervisory Board German citizen -------------------------------------------------------------------------------- Dr. Ralph Wollburg Member of the Supervisory Board German citizen -------------------------------------------------------------------------------- Dr. Volker Schott Executive Vice President German citizen -------------------------------------------------------------------------------- Manfred Hohn Executive Vice President German citizen -------------------------------------------------------------------------------- Dietmer Vogler Executive Vice President German citizen -------------------------------------------------------------------------------- Jens Stahmann Executive Vice President German citizen -------------------------------------------------------------------------------- 6 EXHIBIT INDEX Exhibit Description ------- ----------- 7.1 Contribution Agreement, dated as of March 15, 2001, by and among The Jim Henson Company, Inc., Crown Media International, Inc. and Crown Media Holdings, Inc. 7.2 Amended and Restated Stockholders Agreement, dated as of March 15, 2001, by and among Crown Media Holdings, Inc., Hallmark Entertainment, Inc., Liberty Media Corporation, VISN Management Corp., JP Morgan Partners (BHCA), L.P. and The Jim Henson Company, Inc. 7.3 Stock Purchase Agreement, dated as of July 24, 2001, by and between The Jim Henson Company, Inc. and Hallmark Entertainment, Inc. 7