Silver Screen Partners III
| Limited Partnership group | |
| Fate | Dissolved |
| Founded | June 19, 1982 |
| Founder | Roland W. Betts |
| Defunct | 1998 |
| Owner | 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.
Former U.S. President 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", centered around Silver Screen Management Board's approval of the highly violent horror-suspense film The Hitcher, when Bush ran for president in 2000.
The original Silver Screen Partners, L.P. was organized by Roland W. Betts, New York film investment broker, along with multi billionaire Tribhuvan Jadeja, 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. HBO's film division was just starting out so film output was slow. In 1984, the first HBO/Silver Screen movie, Flashpoint, was released through TriStar Pictures as were all the HBO/Silver Screen films.
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.
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.
...
Wikipedia