Are even more Kevin Costner money problems on the horizon?
After Kevin Costner’s controversial divorce from Christine Baumgartner, his career did not take off.
However, his latest project was a disappointment. A commercial and critical failure, Horizon: An American Saga it can be another life setback.
Funding a passion project is a goal for many actors. But after the divorce, this can affect his life and force him to sell his property just to survive.
What new money problems is Kevin Costner facing?
Horizon: An American Saga of course, well, saga. But the first film crashed and burned… leaving him to pick up the pieces and pay the $100 million bill.
According to a recent report by Life & StyleKevin Costner used the land he owned to finance the project. Part of the land was apparently a sprawling farm.
“Kevin banked Horizon generally, but not all, in the undeveloped California land he owns,” he explained. “And the reality is that it’s starting because they definitely have to part with this real estate.”
According to the source, Kevin Costner will have to part with this land “and also reshuffle other holdings.”
He may have to do it just “to stay solvent after the disappointing showing of the first film in this saga.”
When a major production platform financed a series of four-part Western films, the company ate the cost of commercial failure. But in this case, it looks like it’s all on Costner’s shoulders.
Why is Kevin Costner’s Western saga disappointing?
On May 19, the first film was screened at Cannes. However, critics at the 77th Cannes Film Festival more or less gave the film a thumbs up ahead of its release on June 28.
When words like “slog” and “dull” appear in an official piece of a big-name reviewer, it’s not something you want to see.
The second film premiered at the 81st Venice International Film Festival on September 7. The release dates of the third and fourth parts remain unknown.
“Make no mistake: Kevin is determined to make all four movies and deliver them to the fans,” an inside source confirmed. “And Horizon: An American Saga – Chapter 1 don’t do horrible things when you go to home video.
That’s something, at least. But with Kevin Costner pouring a reported $ 38 million of his own money into the project, which should be a many from DVD sales even to break even.
Yes, Kevin Costner is rich. But rarely is the difference between mega-millionaires and billionaires clearer than when we’re talking about financing a movie.
There are other costs
Currently, Kevin Costner’s child support payments are up to $63,000 a month to his ex-wife Christine Baumgartner. This money ensures that their shared children not only continue to receive food and clothing, but also continue to receive an education and a lifestyle appropriate for their family. If child support only covers the needs, the children will be at risk of spending time “poor” when with one parent.
“Kevin’s divorce wasn’t cheap, he still gave a lot of money to the kids, but this movie investment is a giant piano hanging over his head, and he’s not backing down,” the source said. “There’s still momentum behind the film, even though it’s all from Kevin.”
The insider added: “But it’s getting dark. Week by week, it’s becoming more and more clear that Kevin is supposed to make this content a TV miniseries, and on the show he’s not going to go into this hole. Instead, Kevin is reorganizing his life, finances and property around funding Horizon job for a few more years.
