Thursday, October 30, 2014 8:49:19 PM
In 1991, Eric Parkinson joined Hemdale as president of the company, eventually shutting down its production facilities and duties, and started acquiring and distributing films independently produced by other people.
In 1995, Hemdale shut its doors, shortly after it was announced that Daly and Gibson would leave the company.[5] The library was then incorporated into Consortium de Realisation, a French holding company set up to handle the rights to titles acquired by Credit Lyonnais Bank.
http://en.wikipedia.org/wiki/Hemdale_Film_Corporation
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