Kevin Costners passion project Horizon ignites fresh legal battle after box office bomb

Kevin Costner’s passion project, “Horizon,” has turned into a nightmare — and not just at the box office.The Western, which Costner, 70, plunked several million of his own fortune into, is the focus of a new behind-the-scenes legal war, according to The Hollywood Reporter on Monday, May 12.The alleged dispute is reportedly between New Line Cinema, Horizon Series (Costner’s loan-out firm), and City National Bank.City National Bank allegedly filed the arbitration against both companies.New Line responded with a crossclaim seeking repayment from Horizon Series as part of its defense, per THR. New Line Cinema and Horizon Series reportedly had a deal that required them to repay a portion of the financing.

New Line Cinema allegedly believed it covered a portion of the payment that their partner didn’t pay.However, City National Bank reportedly thinks it’s owed more.Sources told the outlet that Horizon Series and New Line Cinema are in a stalemate over the cofinancing agreement.New Line Cinema declined to comment.

The Post reached out to City National Bank, Horizon Series, and Costner’s rep but did not immediately hear back.The “Yellowstone” alum previously said his personal investment for “Horizon” was “well above $50 million,” admitting he mortgaged “10 acres on the water in Santa Barbara where I was going to build my last house” for the passion project.“Horizon: An American Saga — Chapter 1,” which Costner directed, starred in, co-wrote and used millions to finance, cost a whopping $100 million to make and only brought in a measly $11 million during its opening week.The flick was set to be the first of four installments, with a follow-up to be released seven weeks after the franchise’s debut.However, when it tanked at the theaters, the sequel’s release was held.While the fate of “Chapter 2” is unknown, “Chapter 3” started filming last year despite allegedly not being fully financed.Last year, Costner spoke about ...