EGN NEWS DESK
Are there much more Kevin Costner cash issues on the horizon?
In the wake of Kevin Costner’s contentious divorce from Christine Baumgartner, his profession hasn’t slowed.
However, his most up-to-date mission has been a disappointment. Both a industrial and a essential failure, Horizon: An American Saga could possibly be one other life-altering setback.
Financing a ardour mission is a purpose for a lot of actors. But within the wake of his divorce, this might upend his life and pressure him to dump property simply to remain afloat.
What new cash issues is Kevin Costner dealing with?
Horizon: An American Saga is meant to be, properly, a saga. But the primary movie crashed and burned … leaving him to choose up the items and pay the $100 million invoice.
According to a brand new report by Life & Style, Kevin Costner used land that he owns to be able to finance the mission. Part of that land was apparently a sprawling ranch.
“Kevin banked Horizon largely, however not fully, on undeveloped California land he owns,” the insider defined. “And actuality is beginning to set in that he’s possible going to must half with this actual property.”
According to the supply, Kevin Costner should half with this land “and in addition reshuffle his different holdings.”
He might have to try this merely “to stay solvent after the disappointing displaying of the primary movie on this saga.”
When a significant manufacturing platform funds a four-part Western movie sequence, the corporate eats the price of a industrial failure. In this case, although, it appears to be like prefer it’s all on Costner’s shoulders.
Why was Kevin Costner’s Western saga such a disappointment?
On May 19, the primary of those movies premiered at Cannes. Critics on the 77th Cannes Film Festival, nevertheless, kind of panned the movie forward of its extensive launch on June 28.
When phrases like “slog” and “boring” 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 International Film Festival on September 7. The third and fourth elements’ launch dates stay unknown.
“Make no mistake: Kevin is set to make all 4 movies and get them out to his followers,” the within supply insisted. “And Horizon: An American Saga – Chapter 1 didn’t do horribly when it went to house video.”
That’s one thing, at the very least. But 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.
Yes, Kevin Costner is wealthy. But seldom is the distinction between a mega-millionaire and a billionaire extra clear than once we’re speaking about financing a movie.
There are different bills
At current, Kevin Costner’s baby help funds quantity to $63,000 monthly 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 schooling and life-style acceptable for his or her household. If baby help solely coated requirements, youngsters would threat spending time “poor” when with one father or mother.
“Kevin’s divorce wasn’t low-cost, he nonetheless provides his youngsters some huge cash, however this movie funding has been a large piano hanging over his head, and he’s not backing away,” the within supply affirmed. “There’s nonetheless some momentum behind these movies, even when it’s all coming from Kevin.”
The insider added: “But it’s getting darkish. Week by week, it’s changing into clearer that Kevin most likely ought to have made this content material as a TV miniseries, and in that occasion he by no means would have gotten into this gap. Instead, Kevin is re-organizing his life, his funds and his possessions round funding the Horizon mission for a few extra years.”
