Silver Screen Partners

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Silver Screen Partners LP
Type Limited Partnership group
Fate dissolved
Founded 1982
Founders Roland W. Betts
Owners Silver Screen Management, Inc.
Divisions Silver Screen Partners, L.P.
Silver Screen Partners II, L.P.
Silver Screen Partners III, L.P.
Silver Screen Partners IV, L.P.

Silver Screen Partners refers to four limited partnerships organized as an alternative funding source for movies. The managing general partner for the partnerships was Silver Screen Management, Inc.[1]

George W. Bush was a member of Silver Screen Management, Inc.'s Board of Directors from 1983 to 1993. This became a part of the campaign issue over Hollywood's "pervasiveness of violence" in the 2000 President campaign over Silver Screen Management Board's approval of the highly violent horror-suspense film The Hitcher.[2]

History[edit]

The original Silver Screen Partners, L.P. was organized by Roland W. Betts, New York film investment broker, to fund movies for HBO in 1982. HBO made a 50% guarantee on their investment for exclusive cable rights. Another 40% was guaranteed by Thorn EMI, a British firm, for foreign distribution and foreign TV and videocassette markets. Additional income was lined up for domestic videocassette sales.[3] HBO's film division was just starting out so film output was slow.[4] In 1984, the first HBO/Silver Screen movie, "Flashpoint," was released through TriStar Pictures as were all the HBO/Silver Screen films.[3]

Organized in 1985, Silver Screen Partners II, L.P. financed films for The Walt Disney Company with $193 million. In January 1987, Silver Screen III began financing movies for Disney with $300 million raised, the largest amount raised for a film financing limited partnership by E.F. Hutton.[5]

Silver Screen's fourth limited partnership was also set up to finance Disney's studios. On October 23, 1990, The Walt Disney Company formed Touchwood Pacific Partners which would supplant the Silver Screen Partnership series as their movie studios' primary source of funding.[6]

In 1991, Silver Screen Partners III, L.P. along with the other production companies were sued for copyright infringement over Who Framed Roger Rabbit's "End Title" song.[7]

Structure[edit]

The partnerships paid for the movie's production costs and shared in the gross dollars in all markets from theater to television. Limited partners received their return before the production company could defray any of their expenses. This is preferred by investors as it guarantees some return if the film fails or has budget overrun and from the producer's overhead. Nor can profits from a single film be used to cover losses on other films, but this makes the partnership somewhat risky.[4]

List of notable Silver Screen Partners films[edit]

Title Release Date Co-Production with Budget Gross
Flashpoint August 31, 1984 HBO
Heaven Help Us February 8, 1985 HBO
Baby: Secret of the Lost Legend March 22, 1985 Touchstone Pictures $14,972,297
Return to Oz June 21, 1985 Walt Disney Pictures $25,000,000 $11,137,801
The Black Cauldron July 24, 1985 Walt Disney Pictures and Walt Disney Productions $25 million $21,288,692
My Science Project August 9, 1985 Touchstone Pictures $4,122,748
Volunteers August 16, 1985 HBO
The Journey of Natty Gann September 27, 1985 Walt Disney Pictures N/A $9,708,373
Sweet Dreams October 2, 1985 HBO
One Magic Christmas November 22, 1985 Walt Disney Pictures N/A $13,677,222
Head Office January 3, 1986 HBO
Down and Out in Beverly Hills January 31, 1986 Touchstone Pictures $14 million $91,411,255
The Hitcher February 21, 1986 HBO
Odd Jobs March, 1986 HBO
Off Beat April 11, 1986 Touchstone Pictures $4,117,061
Ruthless People June 27, 1986 Touchstone Pictures $71,233,101
The Great Mouse Detective July 2, 1986 Walt Disney Pictures and Walt Disney Feature Animation $14 million $38,625,550
Tough Guys October 3, 1986 Touchstone Pictures $18 million $21,458,229
The Color of Money October 17, 1986 Touchstone Pictures $13,800,000 $76,728,982
Outrageous Fortune January 30, 1987 Touchstone Pictures $25 million $65,864,741
Tin Men March 6, 1987 Touchstone Pictures $11,000,000 $25,411,386
Ernest Goes to Camp May 22, 1987 Touchstone Pictures $3,000,000 $23,509,382
Benji the Hunted June 17, 1987 Walt Disney Pictures and Mulberry Square Productions $22,257,624
Adventures in Babysitting July 1, 1987 Touchstone Pictures $7 million $34,368,475
Stakeout August 5, 1987 Touchstone Pictures $28,215,000 $65,673,233
Can't Buy Me Love August 14, 1987 Touchstone Pictures and The Mount Company $31,623,833
Hello Again November 6, 1987 Touchstone Pictures $20,419,446
Three Men and a Baby November 25, 1987 Touchstone Pictures $15 million $167,780,960
Good Morning, Vietnam December 23, 1987 Touchstone Pictures $13 million $123,922,370
Shoot to Kill February 12, 1988 Touchstone Pictures $29,300,090
D.O.A. March 18, 1988 Touchstone Pictures $29 million $12,706,478
Return to Snowy River April 15, 1988 Walt Disney Pictures, Burrowes Film Group and Hoyts Film Partnership $13,687,027
Big Business June 10, 1988 Touchstone Pictures $20 million $40,150,487
Who Framed Roger Rabbit June 22, 1988 Touchstone Pictures, Amblin Entertainment and Walt Disney Feature Animation $70 million $329,803,958
Cocktail July 29, 1988 Touchstone Pictures and Interscope Communications $6,000,000 $171,504,781
The Rescue August 5, 1988 Touchstone Pictures $5,855,392
Heartbreak Hotel September 30, 1988 Touchstone Pictures $5,509,417
The Good Mother November 4, 1988 Touchstone Pictures $32 million $4,764,606
Ernest Saves Christmas November 11, 1988 Touchstone Pictures $6,000,000 (estimate) $28,202,109
Oliver & Company November 18, 1988 Walt Disney Pictures and Walt Disney Feature Animation $74,151,346
Beaches December 21, 1988 Touchstone Pictures and All Girl Productions $57,041,866
Three Fugitives January 27, 1989 Touchstone Pictures $15,000,000 $40,586,886
Disorganized Crime April 14, 1989 Touchstone Pictures and Kouf/Bigelow Productions $20 million $7,724,000
Dead Poets Society June 9, 1989 Touchstone Pictures $16.4 million $235,860,116
Honey, I Shrunk the Kids June 23, 1989 Walt Disney Pictures $222,724,172
Turner & Hooch July 28, 1989 Touchstone Pictures $42 million $71,079,915
Cheetah August 18, 1989 Walt Disney Pictures $5 million $8,153,677
An Innocent Man October 6, 1989 Touchstone Pictures and Sandollar Productions $20,047,604
Gross Anatomy October 20, 1989 Touchstone Pictures $25 million $11,604,598
The Little Mermaid November 17, 1989 Walt Disney Pictures and Walt Disney Feature Animation $40 million $211,343,479
Blaze December 13, 1989 Touchstone Pictures $18 million $19,131,246
Where the Heart Is February 23, 1990 Touchstone Pictures $22 million $1,106,475
Pretty Woman March 23, 1990 Touchstone Pictures $14 million $463,407,268
Ernest Goes to Jail April 6, 1990 Touchstone Pictures $25,029,569
Spaced Invaders April 27, 1990 Touchstone Pictures $5,000,000 $15,369,573
Fire Birds May 25, 1990 Touchstone Pictures $14,760,451
Dick Tracy June 15, 1990 Touchstone Pictures $46 million $162,738,726
Betsy's Wedding June 22, 1990 Touchstone Pictures $36 million $19,740,070
Taking Care of Business August 17, 1990 Hollywood Pictures $14 million $20,005,435
Mr. Destiny October 12, 1990 Touchstone Pictures $19 million $15,379,253
The Rescuers Down Under November 16, 1990 Walt Disney Pictures and Walt Disney Feature Animation $27,931,461
Three Men and a Little Lady November 21, 1990 Touchstone Pictures $71,609,321
Green Card December 23, 1990 Touchstone Pictures $29,888,235
White Fang January 18, 1991 Walt Disney Pictures and Hybrid Productions Inc. $14 million $34,793,160
Run February 1, 1991 Hollywood Pictures $4,409,328
Scenes from a Mall February 22, 1991 Touchstone Pictures $3 million $9,563,393
The Marrying Man April 5, 1991 Hollywood Pictures $26 million $12,454,768
Oscar April 26, 1991 Touchstone Pictures $35 million $23,562,716
One Good Cop May 3, 1991 Hollywood Pictures $11,276,846
What About Bob? May 17, 1991 Touchstone Pictures $35 Million $63,707,829
Wild Hearts Can't Be Broken May 24, 1991 Walt Disney Pictures and Pegasus Entertainment $7,294,835
The Rocketeer June 21, 1991 Walt Disney Pictures, Touchstone Pictures and The Gordon Company $42,000,000 $62,000,000
The Doctor July 24, 1991 Touchstone Pictures $24 million $38,120,905
V.I. Warshawski July 26, 1991 Hollywood Pictures $24 million $11,128,309
True Identity August 23, 1991 Touchstone Pictures $15 million $4,693,236
Paradise September 18, 1991 Touchstone Pictures $34 million $18,634,643
Deceived September 27, 1991 Touchstone Pictures $30 million $28,738,096
Ernest Scared Stupid October 11, 1991 Touchstone Pictures $14,143,280
Billy Bathgate November 1, 1991 Touchstone Pictures $48,000,000 $15,565,363
Beauty and the Beast November 22, 1991 Walt Disney Pictures and Walt Disney Feature Animation $25 million $418,460,691
Father of the Bride December 20, 1991 Touchstone Pictures and Sandollar Productions $89,325,780
Blame It on the Bellboy March 6, 1992 Hollywood Pictures $3,104,545
Noises Off March 20, 1992 Touchstone Pictures $19 million $2,280,148
Straight Talk April 3, 1992 Hollywood Pictures $21,202,099
Newsies April 10, 1992 Walt Disney Pictures $15 million $2,819,485
Passed Away April 24, 1992 Hollywood Pictures $4,030,793
Honey, I Blew Up the Kid July 17, 1992 Walt Disney Pictures $32 million $58,662,452
Captain Ron September 18, 1992 Touchstone Pictures $24 million $22,518,097
The Mighty Ducks October 2, 1992 Walt Disney Pictures and Avnet-Kerner Productions $10,000,000 $50,752,337
Consenting Adults October 16, 1992 Hollywood Pictures $21,591,800
The Distinguished Gentleman December 4, 1992 Hollywood Pictures $46,666,502
Aspen Extreme January 22, 1993 Hollywood Pictures $8,041,049
Homeward Bound: The Incredible Journey February 3, 1993 Walt Disney Pictures $41,833,324
A Far Off Place March 12, 1993 Walt Disney Pictures and Amblin Entertainment $12,890,752
Born Yesterday March 26, 1993 Hollywood Pictures $14 million $17,952,857

External links[edit]

References[edit]

  1. ^ "FORM 15 - SILVER SCREEN PARTNERS, L.P.". SILVER SCREEN PARTNERS L P CIK#: 0000715082 (see all company filings). sec.gov. Retrieved July 18, 2012. 
  2. ^ "Bush Has a Tie to Media 'Depravity'". latimes. Associated Press. September 15, 2000. Retrieved July 18, 2012. 
  3. ^ a b Mathews, Jack (September 20, 1985). "Hbo, Disney Take Betts At Fun Odds". Los Angeles Times. Retrieved 18 July 2012. 
  4. ^ a b Fabrikant, Geraldine (September 11, 1990). "Market Place; Silver Screen's Tie With Disney". New York Times. Retrieved 18 July 2012. 
  5. ^ "BRIEFLY: E. F. Hutton raised $300 million for Disney.". Los Angeles Times. February 3, 1987. Retrieved 18 July 2012. 
  6. ^ "Disney, Japan Investors Join in Partnership : Movies: Group will become main source of finance for all live-action films at the company's three studios.". Los Angeles Times. Associated Press. October 23, 1990. Retrieved 18 July 2012. 
  7. ^ "A selected summary of Southern California-related business litigation developments during the past week.". Los Angeles Times. United Press International. February 25, 1991. Retrieved 18 July 2012.