Could Kevin Costner’s money problems get even more serious?
Even after Kevin Costner’s controversial divorce with Christine Baumgartner, his career hasn’t slowed down.
However, his latest project was a disappointment. Both commercial and critical failures. Horizon: American Saga It could also be a life-changing setback.
Funding a passion project is a goal for many actors. But after the divorce, this could change his life forever and force him to sell his property to make ends meet.
What new money problems is Kevin Costner facing?
Horizon: American Saga It’s supposed to be, well, a story. But the first film crashed and burned, leaving him to pick up the pieces and pay a $100 million bill.
According to a new report by Life & StyleKevin Costner used land he owned to finance the project. Part of the land was apparently a large ranch.
“Kevin banked undeveloped land he owns in California with Horizon, although not the entire amount,” the source explained. “And the reality is starting to set in that he will likely have to give up this property.”
Sources say Kevin Costner needs to sell the property and “restructure other holdings.”
He may simply need to do it “to calm down after the disappointing showing of the first film in this story.”
When a major production platform funds a four-part Western series, the company ends up paying the price for commercial failure. But in this case, everything seems to rest on Costner’s shoulders.
Why were Kevin Costner’s Westerns so disappointing?
On May 19th, the first of these films premiered at Cannes. However, critics at the 77th Cannes Film Festival more or less criticized the film ahead of its nationwide release on June 28th.
When words like “sloppy” and “dull” appear in the official work of a famous critic, that’s never what you want to see.
The second film premiered on September 7th at the 81st Venice Film Festival. The release date for the third and fourth parts is unknown.
“Make no mistake about it, Kevin intends to produce all four movies and bring them to his fans,” an inside source claimed. “and Horizon: An American Saga – Chapter 1 I went to home video and it wasn’t terrible. ”
At least that’s what it is. However, Kevin Costner reportedly put $38 million of his own money into the project, so he has many DVD sales break even.
Yes, Kevin Costner is rich. But the difference between a millionaire and a billionaire is rarely more clear than when talking about film financing.
There are other costs as well.
Kevin Costner currently pays $63,000 a month in child support to his ex-wife Christine Baumgartner. This money ensures that the shared children continue to receive food and clothing, as well as an education and lifestyle that is appropriate for the family. If child support only covers necessities, children risk spending “poor” time when with one parent.
“Kevin’s divorce didn’t come cheap. He still gives his kids a lot of money, but investing in this movie was like having a giant piano hanging over his head and he… “We will not back down,” the insider declared. “Even if it all comes from Kevin, there’s still momentum behind these movies.”
The official added: “But it’s already getting dark. It’s becoming clearer by the week that Kevin probably should have produced this content as a TV miniseries, and if he had, he would never have fallen into this hole. Instead. , Kevin is reorganizing his life, finances, and possessions around fundraising. horizon The project will continue for several more years. ”