According to The Hollywood Reporter, New Line Cinema has initiated an arbitration case against the production company of Kevin Costner’s film “Horizon,” alleging that they violated the terms of a contract related to the movie “Western.
According to a source, the Horizon Series, which is associated with Costner’s loan-out company, is facing a dispute with New Line regarding their co-financing agreement. After City National Bank started arbitration proceedings against both parties, New Line countered by filing a crossclaim demanding repayment from the Horizon Series as part of their defense strategy.
According to the agreement, both New Line and Horizon Series were expected to reimburse a share of the funding. New Line believed they were responsible for the part their partner failed to repay, but City National Bank disagreed, claiming they are owed additional money.
When questioned, New Line chose not to provide a statement. Neither City National Bank nor Territory Pictures, Kevin Costner’s production company, responded to our inquiries seeking comment.
I had the privilege of spearheading “Horizon: An American Saga – Chapter 1,” a project I was deeply involved in as director, co-writer, lead actor, and one of the financial backers. This was the first installment of a four-part series, which debuted in cinemas last June, following an unconventional release strategy that saw the sequel hit the screens only seven weeks later.
The idea of releasing the movie, which carried a $100 million production cost, was abandoned following its poor performance at the box office. In its opening weekend, it managed only $12 million, and overall earnings amounted to approximately $38 million. To give Chapter 1 more time to build an audience, Territory Pictures and New Line decided to make the film available on premium video on-demand and Max platforms while it was still playing in theaters, simultaneously delaying the sequel’s release.
Last year, Chapter 3 was underway despite not being completely funded yet. Production for Chapter 4 was slated to start sooner than later. The epic tale’s financing didn’t come from a big studio like Warner Bros., who will distribute the film for a fee instead, but from Costner himself and an unnamed group of investors. In their arrangement, Costner waived his fees, mortgaged his Santa Barbara waterfront property, and personally invested a significant amount into the project, revealing to THR last May that it was $38 million or more than $50 million.
The perplexity surrounding Chapter 2 might increase due to the fact that Horizon concluded with an unusually long montage of scenes from the sequel, which seems to function both as a preview for the next movie and potentially as a showcase for investors considering investing in Costner’s Western adventure.
Or simply:
The confusion about Chapter 2 might heighten because Horizon ended with an unusually long montage of scenes from the sequel, serving both as a sneak peek for the next film and possibly as a presentation to potential investors interested in joining Costner on his Western expedition.
As a gamer, I’m finding myself short on funds, and I sure could use some extra cash. I wish those wealthy tycoons, flaunting their yachts stretching as far as the eye can see, would join me in creating a movie. I mean, they’ve got the dough, they’re always boasting about it, and they’ve already amassed a couple of them. But where are all these well-off individuals when you need them?
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2025-05-12 20:26