K
evin Costner is facing a $100 million financial burden due to the disappointing performance of Horizon: An American Saga. A source close to the matter reveals that he's being forced to liquidate some of his assets, including one or more of his sprawling ranches, to stay afloat.
Costner had invested heavily in the project, using undeveloped California land as collateral for part of the financing. As the reality of the film's poor reception sets in, he'll need to restructure his finances and potentially sell off some of his real estate holdings to remain solvent.
Even Kevin's co-star Luke Wilson was taken aback by the film's critical drubbing, with one source describing him as "seriously spooked" by the negative reaction. The first installment premiered at Cannes in May, but received overwhelmingly negative reviews, which didn't bode well for its wide release in June.
Despite this, Costner remains committed to completing all four films and making them available to his fans. However, tepid home video sales may not be enough to offset the $38 million he invested in the project. Additionally, he's now facing a monthly child support payment of $63,000 to ex-wife Christine Baumgartner.
Costner is reorganizing his life and finances to fund the Horizon project for the next couple of years, but it's becoming increasingly clear that he may have made a mistake by investing in a film series rather than a TV miniseries. With Chapter 1 underperforming, Costner will need to walk a tightrope to stay on track with his vision, potentially sacrificing some of his assets in the process.
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