Movies

Kevin Costner Sued Over Yellowstone Exit, Facing Potential Multi-Million Dollar Loss

BBG News

The backstage events surrounding the creation of Kevin Costner‘s Western endeavor, titled “Horizon: An American Saga,” are currently in a state of dynamic development.

According to The Hollywood Reporter, New Line Cinema is reportedly taking legal action against Horizon Series, the production company behind the films, by submitting a claim in arbitration. This action is due to Horizon allegedly violating the terms of their shared financing contract.

After City National Bank initiated arbitration against both New Line and the Horizon Series, New Line countered by filing a cross-claim against the Horizon Series in response to the bank’s actions.

In question, it appears that both New Line and Horizon are reportedly in agreement to reimburse a portion of the movie’s funding for the contested deal.

Essentially, New Line filled in the gaps left by Horizon Series, but City National Bank claims they are entitled to even more money, as reported by THR.

It hasn’t been specified clearly who owes what, but it’s known that Costner, aged 70, had invested $38 million of his personal money in the two-part production. The total budget for this project exceeded $100 million.

We’ve reached out for comments to New Line Cinema, City National Bank, Warner Bros. Discovery (where New Line is part of the brand), and Costner.

Neither New Line nor City National Bank nor Territory Pictures provided comments when approached by The Hollywood Reporter, as they did not respond to requests for a statement from the publication.

In his own creative endeavor, Costner took on a two-part Western movie saga, spanning across four episodes, in which he both starred and served as director.

The first chapter of the movie Horizon premiered in June last year, but received harsh criticism from critics and poor ticket sales. Originally scheduled for a theater release on July 2024, the second part, titled Horizon: An American Saga – Chapter 2, has been removed from cinemas, and its release date is now uncertain.

In September, Deadline reported parts three and four have scripts and are in a film-ready state. 

Costner personally funded the Horizon movies, disclosing that he invested around $38 million from his personal resources, following years of efforts in search for a studio to produce this film.

Despite striving for over 30 years without success, he eventually had to secure a loan using his property in Santa Barbara as collateral.

Costner previously told Empire he has taken a gamble by releasing the saga in cinemas.

He said: ‘I had somebody who said, ‘Look, please don’t do this, Kevin, let’s do this.’

However, I am content with my actions. I have faith in the cinema industry. I believe in the immersive experience it offers. Additionally, I trust that what will eventually reach your living room screens will be just as compelling. To clarify, I do not belong to the group of filmmakers who tinker endlessly with their work. The version of the movie I create is my final cut.

As a seasoned lifestyle connoisseur, I find myself echoing the sentiments of Kevin Costner, the esteemed actor behind Dances with Wolves. This man, valued at an approximated $250 million, isn’t one to be considered gullible, but neither does he quiver in fear. He carries himself with a unique blend of wisdom and courage – a captivating combination indeed!

This film is mine for life, as is true for my family. Movies transcend their initial release weekend, carrying value through their entire lifespan. Similarly, I plan to hold onto this movie for the rest of my life.

‘People will discover this [movie], whether it’s during the opening weekend or later, and they’ll find a high-quality production. They’ll come across an engaging story that they’ll either want to rewatch themselves or recommend to others. To me, that’s the essence of what makes a movie powerful.’

I would prefer to have my money returned, yet I can assure you that I won’t crumble if things don’t work out as planned.

‘I’ll part with some cherished possessions, but they were merely material items I owned. Let me clarify, I wouldn’t wish to repeat such an experience. However, I choose not to let the fear of losing things control my life.’

The movie came out following the confirmed departure of Costner from his popular Yellowstone series, due to creative differences with showrunner Taylor Sheridan.

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2025-05-13 01:34

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