Kevin Costner Faces Financial Pressure to Sell Real Estate After ‘Horizon’ Setback
Kevin Costner Faces $100 Million Financial Challenge After ‘Horizon: An American Saga’ Struggles
Kevin Costner may have to sell off valuable assets, including some of his expansive ranches, as he grapples with a staggering $100 million bill linked to the disappointing performance of Horizon: An American Saga. A source revealed to Life & Style that the actor’s investment in the film has put him in a precarious financial position.
“Kevin largely banked on the undeveloped California land he owns, but he’s coming to terms with the reality that he might need to liquidate some real estate and reorganize his finances to stay afloat after the film’s lackluster reception,” the insider explained.
Even Luke Wilson, who co-starred as Matthew Van Weyden in the four-part Western series, expressed concern over the film’s critical response. “He’s seriously spooked by how poorly it did, especially with critics,” a separate source shared.
The first installment premiered at the 77th Cannes Film Festival on May 19, but faced overwhelmingly negative reviews, casting a shadow over its wide release on June 28. Critics like the BBC’s Nicholas Barber described it as a “three-hour slog,” while Entertainment Weekly’s Jordan Hoffman called it “dull as dirt.”
Horizon: An American Saga – Chapter 2 premiered at the 81st Venice International Film Festival on September 7, but the release dates for the third and fourth chapters remain unannounced. “Kevin is committed to completing all four films and getting them out to his fans,” the first source noted, adding that Chapter 1 didn’t perform poorly in home video sales.
However, those sales may not offset the $38 million Costner personally invested in the project. Compounding his financial woes, Costner, 69, is also responsible for $63,000 per month in child support to ex-wife Christine Baumgartner, in addition to a substantial upfront payment he reportedly provided her.
“Kevin’s divorce was costly, and he still supports his kids generously, but this film investment feels like a weight on his shoulders. Yet, he’s not backing down,” the source said. “There’s still some momentum behind the films, even if it’s largely driven by Kevin.”
“That said, it’s becoming evident that he might have been better off creating this content as a TV miniseries, which could have prevented this financial predicament,” the insider suggested.
As he reorganizes his life, finances, and possessions to fund the Horizon project for the next couple of years, Costner faces a challenging balancing act. “He’s navigating a difficult path, knowing he might have to part with some of his prized assets to see this through,” the source added. “It’s going to be a tightrope walk, especially given the poor performance of Chapter 1.”
