Are there much more Kevin Costner cash issues on the horizon?
Within the wake of Kevin Costner’s contentious divorce from Christine Baumgartner, his profession hasn’t slowed.
Nevertheless, his most up-to-date mission has been a disappointment. Each a industrial and a essential failure, Horizon: An American Saga may very well be one other life-altering setback.
Financing a ardour mission is a purpose for a lot of actors. However within the wake of his divorce, this might upend his life and pressure him to unload property simply to remain afloat.
Kevin Costner attends The HISTORY Channel HISTORYTalks at Academy Museum of Movement Footage on September 21, 2024. (Picture Credit score: Amy Sussman/Getty Photographs)
What new cash issues is Kevin Costner going through?
Horizon: An American Saga is meant to be, properly, a saga. However the first movie crashed and burned … leaving him to choose up the items and pay the $100 million invoice.
In keeping with a brand new report by Life & Fashion, Kevin Costner used land that he owns in an effort to finance the mission. A part of that land was apparently a sprawling ranch.
“Kevin banked Horizon largely, but not entirely, on undeveloped California land he owns,” the insider defined. “And reality is starting to set in that he’s likely going to have to part with this real estate.”
Kevin Costner attends the “Horizon: An American Saga – Chapter 2” photocall in the course of the 81st Venice Worldwide Movie Pageant at Palazzo del On line casino on September 07, 2024. (Picture Credit score: Andreas Rentz/Getty Photographs)
In keeping with the supply, Kevin Costner should half with this land “and also reshuffle his other holdings.”
He might have to try this merely “to remain solvent after the disappointing showing of the first film in this saga.”
When a significant manufacturing platform funds a four-part Western movie sequence, the corporate eats the price of a industrial failure. On this case, although, it seems prefer it’s all on Costner’s shoulders.
Visitor of Honor Kevin Costner accepts an award onstage on the Higher World Fund Gala throughout The 81st Venice Worldwide Movie Pageant at Gritti Palace on September 05, 2024. (Picture Credit score: Andreas Rentz/Getty Photographs)
Why was Kevin Costner’s Western saga such a disappointment?
On Could 19, the primary of those movies premiered at Cannes. Critics on the 77th Cannes Movie Pageant, nonetheless, roughly panned the movie forward of its extensive launch on June 28.
When phrases like “slog” and “dull” are displaying up in big-name reviewers’ official items, it’s by no means what you wish to see.
The second movie premiered on the 81st Venice Worldwide Movie Pageant on September 7. The third and fourth elements’ launch dates stay unknown.
Director Kevin Costner attends the “Horizon: An American Saga – Chapter 2” pink carpet in the course of the 81st Venice Worldwide Movie Pageant at Sala Giardino on September 07, 2024. (Picture Credit score: Victor Boyko/Getty Photographs)
“Make no mistake: Kevin is determined to make all four films and get them out to his fans,” the within supply insisted. “And Horizon: An American Saga – Chapter 1 did not do horribly when it went to home video.”
That’s one thing, no less than. However with Kevin Costner pouring a reported $38 million of his personal cash into the mission, he’d want plenty of DVD gross sales even to interrupt even.
Sure, Kevin Costner is wealthy. However seldom is the distinction between a mega-millionaire and a billionaire extra clear than after we’re speaking about financing a movie.
Kevin Costner attends the Closing Ceremony pink carpet in the course of the 81st Venice Worldwide Movie Pageant at Palazzo del Cinema on September 07, 2024. (Picture Credit score: Pascal Le Segretain/Getty Photographs)
There are different bills
At current, Kevin Costner’s youngster help funds quantity to $63,000 per 30 days to ex-wife Christine Baumgartner. This cash ensures that their shared youngsters not solely proceed to obtain meals and garments, however that they proceed to obtain the training and life-style applicable for his or her household. If youngster help solely lined requirements, youngsters would threat spending time “poor” when with one mum or dad.
“Kevin’s divorce wasn’t cheap, he still gives his kids a lot of money, but this film investment has been a giant piano hanging over his head, and he’s not backing away,” the within supply affirmed. “There’s still some momentum behind these films, even if it’s all coming from Kevin.”
The insider added: “But it’s getting dark. Week by week, it’s becoming clearer that Kevin probably should have made this content as a TV miniseries, and in that event he never would have gotten into this hole. Instead, Kevin is re-organizing his life, his finances and his possessions around funding the Horizon project for a couple of more years.”
