Kevin Costner suffered from major legal setbacks: Kevin Costner hits a major legal setback after Yellowstone exits, which could cost him millions of dollars
After leaving Yellowstone, the actor-director’s ambitious Western Series faces financial difficulties, with new line films and a bank dragging its production company into arbitration.
Costner put his own millions of dollars in the movie, which was abandoned and now its sequel has been postponed indefinitely.
Why does Xinyi Cinema take legal action?
According to the Hollywood Reporter, the film’s producer Horizon series is the target of arbitration claims made by New Line Cinema for allegedly breaking their co-financing agreement.
The allegations come after City National Bank arbitration action against the Horizon series and the new line. Subsequently, according to a report from the Daily Mail, New Line defended the Horizon’s repayment by submitting cross-approval of the Horizon Series.
Under the controversial agreement, both New Line and Horizon agreed to repay a portion of the film’s funds. According to THR, New Line essentially pays for what the Horizon series failed to pay, but City National Bank believes it owes more.Please read also: Ryan Reynolds
How much does Kevin Costner take personal adventures?
While it’s unclear how much money is at stake, Costner has admitted in the past that he donated $38 million to two parts of the epic, which cost more than $100 million in production, according to a report from the Daily Mail.
This is obviously his passion project. Costner directed and starred in a two-part Western film series that would have been about four chapters.
Horizon: Chapter one is a box office failure and is severely criticized by critics.
What’s next for Horizon: Chapter 2?
The second part, “Horizon: Legend of the United States – Chapter 2”, was supposed to be released in July 2024, but it was withdrawn, and its release has been postponed indefinitely.
According to the September deadline report, the scripts for Part III and Part IV are complete and can be done on the big screen.
After decades of searching for studios to make movies, Costner admitted that he had invested $38 million in Horizon movies. After more than 30 years of futile attempts, he even took out a loan obtained from the former residence of Santa Barbara.
Costner said he will have the movie for the rest of his life, and people will find it, demonstrating his belief in the power of movies and the big screen.
Kevin Costner conveys his view that it is greater than the success of the opening weekend and feels that they have value for their lives.
He wanted to avoid doing this again, but he wanted to get the money back. Costner also admitted that he wouldn’t collapse if it didn’t happen.
Although he admitted that he might lose some precious possessions, he insisted that they were only material possessions.
FAQ
What is Kevin Costner sued?
New Line Cinema claims his company violated a co-financing agreement related to Horizon movies.
How much has Kevin Costner invested?
He personally invested $38 million in the project and even borrowed a loan from his home.
