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.
Nonetheless, his most up-to-date mission has been a disappointment. Each a business and a essential failure, Horizon: An American Saga may very well be one other life-altering setback.
Financing a ardour mission is a objective for a lot of actors. However within the wake of his divorce, this might upend his life and drive him to dump property simply to remain afloat.
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 select up the items and pay the $100 million invoice.
In response to a brand new report by Life & Model, Kevin Costner used land that he owns so as 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.”
In response to the supply, Kevin Costner should half with this land “and also reshuffle his other holdings.”
He might have to do 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 collection, the corporate eats the price of a business failure. On this case, although, it seems to be prefer it’s all on Costner’s shoulders.
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 Competition, nonetheless, roughly panned the movie forward of its huge 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 need to see.
The second movie premiered on the 81st Venice Worldwide Movie Competition on September 7. The third and fourth components’ launch dates stay unknown.
“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, not less than. However with Kevin Costner pouring a reported $38 million of his personal cash into the mission, he’d want a lot 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.
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 kids not solely proceed to obtain meals and garments, however that they proceed to obtain the schooling and way of life applicable for his or her household. If youngster help solely coated requirements, kids would threat spending time “poor” when with one guardian.
“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.”
