The story
Founded by The Walt Disney Company in 1990.1
On October 23, 1990, The Walt Disney Company formed Touchwood Pacific Partners I which would supplant the Silver Screen Partnership series as their movie studios' primary funding source. Animated movies were not included in the slate for Touchwood. Yamaichi General Finance Co. planned to sell $180 million in limited partnerships, but sold in a private placement to about 50 Japanese institutional or private investors in the amount of $191 million. An additional $420 million line of credit was arranged for the partnership with a group of banks led by Citibank and including Fuji Bank Ltd., Long-Term Credit Bank of Japan Ltd., and Manufacturers Hanover Trust Co.
By May 1992, the first ten Touchwood films averaged $31 million at the box office (BO) and a low 2 to 1 revenue-to-cost ratio, compared to a $45 million BO average and 5-to-1 ratio for Disney's 1985 to mid-1990s films. However, some Hollywood executives thought that Disney was issuing weaker films in the spring to leave the summer for high-potential films. The next three films would have to match the 1985–mid-1990s average.
From Wikipedia’s article on Touchwood Pacific Partners, shared under CC BY-SA 4.0.3