Complex sentence: Touchstone Films was renamed Touchstone Pictures after the film "Ruthless People" on June 27,1986 with the Touchstone movies, Disney moved to the top of box office receipts beating out all the major film studios by 1988.
Split into simpler sentences: Touchstone Films was renamed Touchstone Pictures after the film "Ruthless People" in 1986. With the Touchstone movies, Disney moved to the top of box office receipts beating out all the major film studios by 1988.