• News
  • Film and TV
  • Music
  • Tech
  • Features
  • Celebrity
  • Politics
  • Weird
  • Community
  • Advertise
  • Terms
  • Privacy & Cookies
  • LADbible Group
  • LADbible
  • SPORTbible
  • GAMINGbible
  • Tyla
  • UNILAD Tech
  • FOODbible
  • License Our Content
  • About Us & Contact
  • Jobs
  • Latest
  • Topics A-Z
  • Authors
Facebook
Instagram
X
Threads
TikTok
YouTube
Submit Your Content
Kevin Costner could lose his property after his 'passion project' movie bombs at box office

Home> Celebrity> News

Published 15:33 3 Jul 2024 GMT+1

Kevin Costner could lose his property after his 'passion project' movie bombs at box office

Actor Kevin Costner put a lot of money into his latest movie

Niamh Shackleton

Niamh Shackleton

Kevin Costner could potentially lose his home after his recent movie flopped at the box office.

The Yellowstone star partially self-funded his new movie Horizon: An American Saga after waiting decades to make - it was first commissioned back in 1988.

There are four Horizon films planned, with Costner starring and directing them.

His 15-year-old son Hayes also stars in the movie alongside the likes of Sienna Miller and Stranger Things' Jamie Campbell Bower.

Chapter Two is set to be released in just a few weeks time.

Advert

While Costner has a pretty stellar career behind him, he struggled to get funding for Horizon and ultimately put in a whopping $38 million of his own cash into making the film series.

Evidently a passion project for the 69-year-old, Costner previously admitted that he's 'not a very good businessman'.

Sienna Miller stars in Horizon: An American Saga. (Warner Bros.)
Sienna Miller stars in Horizon: An American Saga. (Warner Bros.)

"I’ve mortgaged 10 acres on the water in Santa Barbara where I was going to build my last house," he admitted to Deadline last year.

Advert

"But I did it without a thought. It has thrown my accountant into a f**king conniption fit. But it’s my life, and I believe in the idea and the story."

Doubling down on his confidence in the film, Costner also told the outlet about putting his home on the line for Horizon's creation: "At the end of the day, I’m a storyteller, and I went ahead and put my own money into it. I’m not a very good businessman, so, scratch your head, if you will. I don’t know why, but I have not let go of this one.

"I’ve pushed it into the middle of the table three times in my career and didn’t blink. This is my fourth. And probably one of the few people in the world I could talk with about this would be with Francis."

Kevin Costner partially funded his new movie. (Michael Buckner/Variety via Getty Images)
Kevin Costner partially funded his new movie. (Michael Buckner/Variety via Getty Images)

Advert

But in the wake of Horizon hitting cinemas on June 28, it seems as if Costner's confidence in the flick might have been misplaced.

The movie has opened at the box office with just $11 million - a far cry from its $100 million budget.

Roughly a million people went out to watch it, The Hollywood Reporter says.

In comparison, Inside Out 2 and A Quiet Place: Day One brought in five million and 3.6 million viewers retrospectively.

Advert

With Horizon's disappointing opening figures in mind, the money Costner put into the film hangs in the balance - his 10-acre home included.

It's unlikely he'll lose his home, but Costner will likely be paying off Horizon's debts for some time.

UNILAD has approached Kevin Costner's reps for comment.

Featured Image Credit: Warner Bros./Getty/Michael Buckner

Topics: Celebrity, Film and TV, Kevin Costner, Money

Niamh Shackleton
Niamh Shackleton

Niamh Shackleton is an experienced journalist for UNILAD, specialising in topics including mental health and showbiz, as well as anything Henry Cavill and cat related. She has previously worked for OK! Magazine, Caters and Kennedy.

X

@niamhshackleton

Advert

Advert

Advert

Choose your content:

11 hours ago
a day ago
  • 11 hours ago

    Fantastic Four star Julian McMahon dies aged 56 as wife releases heartbreaking statement

    The star has died after battling cancer, his family have confirmed

    Celebrity
  • a day ago

    Brad Pitt admits his ‘diabolical’ behavior on movie set caused production to pause

    The actor said that 'something hit him' suddenly

    Celebrity
  • a day ago

    Lizzo breaks down exactly what caused dramatic weight loss as she reveals ‘truth’ behind Ozempic use

    The music icon claimed people often attribute her new look as the result of being on weight-loss dugs

    Celebrity
  • a day ago

    Caitlyn Jenner's manager Sophia Hutchins dies aged 29 after crash threw her 350 feet down a ravine

    The pair struck up a friendship in 2015, with Jenner calling Hutchins her 'best friend'

    Celebrity
  • People think Kevin Hart's reaction during interview confirms the Illuminati exists
  • Quentin Tarantino names his favorite movie soundtrack
  • Tom Hanks made $40 million from Forrest Gump after adding clever clause into his contract
  • Theo James reveals woman left 'small turd' in his bath after first date went wrong