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assets, it turned them over to Epic Productions to manage. As a
result, Epic Productions eventually was managing over 1,000 films
(the CDR library).
Credit Lyonnais’s overall goal was to liquidate the film
assets that it acquired rather than to simply consolidate these
assets and pursue business in the entertainment realm. By late
1995, Credit Lyonnais instructed Epic Productions to begin
planning the liquidation of the CDR library; this became the
focus of Epic Productions’ business operations.
2. EBD (Rotterdam) Finance, B.V.
On December 18, 1995, CDR incorporated EBD (Rotterdam)
Finance, B.V. (EBD), as a special-purpose entity to take over the
so-called EBD film-related portfolio which was excluded from the
sale of CLBN to Generale Bank.37
3. Selection of Film Titles for CDR
In 1996, during Epic Productions’ efforts to sell the CDR
library, someone at either Credit Lyonnais or EBD contacted Mr.
Peters and instructed him to find some low-value films and
development projects within the CDR library.38 Mr. Peters
37 The record is unclear on the precise role that EBD played
vis-a-vis Epic Productions, although it appears that EBD was in
some respect higher on the Credit Lyonnais/CDR chain than Epic
Productions.
38 Mr. Peters testified that the individual who contacted
him from Credit Lyonnais or EBD was likely Hank de Kaiser, Mr.
Jouannet, Bruno Hurstel, or Michelle la Brund.
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