Kevin Costner risked home to fund $100M 30-year film series
Kevin Costner has revealed that he mortgaged his 10-acre oceanfront property in Santa Barbara, California to fund his $100 million movie franchise, “Horizon”. The Hollywood veteran has been working on the four-part Western movie series for over 30 years and decided to raise funds by relying on his dense real estate portfolio. Costner owns several properties in Santa Barbara, including a 17-acre parcel of land with a two-bedroom, two-bathroom ranch. Given that he isn’t planning on investing any more of his money into filmmaking after “Horizon,” it’s likely that his property portfolio will remain his main source of income. Costner’s 18-year marriage came to an end in May, and rumors suggest that Baumgartner grew tired of his obsessive work commitments. However, Costner insists that he believes in his new project, saying that “it’s my life, and I believe in the idea and the story.”
FAQs:
What is Kevin Costner’s new movie franchise?
Kevin Costner has been working on a four-part Western movie series called “Horizon” for over 30 years.
Why did Kevin Costner mortgage his Santa Barbara property?
Kevin Costner mortgaged his prime 10-acre oceanfront property in Santa Barbara to fund “Horizon”, his upcoming movie franchise. The $100 million film has been in development for over 30 years.
How many properties does Kevin Costner own in Santa Barbara?
In addition to the Santa Barbara oceanfront land that he mortgaged, Kevin Costner also owns a 17-acre parcel of land in Santa Barbara with a two-bedroom, two-bathroom ranch, as well as another property in Carpinteria. He also owns a 160-acre estate in Aspen.
What is Kevin Costner’s source of income?
Given that Kevin Costner has said that he won’t be investing any more of his personal wealth into filmmaking, it’s likely that his dense property portfolio will remain his main source of income. He owns several properties in Santa Barbara and a 160-acre estate in Aspen.
Kevin Costner put his home at risk to finance a multimillion-dollar film series spanning three decades.
Actor Kevin Costner has revealed that he mortgaged his 10-acre Santa Barbara, California, home to fund his $100m movie franchise, which has been in development for 30 years. Costner had planned to build a new family home on the $145m plot of undeveloped coastline in Carpinteria. Speaking to Deadline, the 68-year-old Yellowstone star said that although his actions had caused his accountant concern, he believed in the story behind the film. It has been suggested that Costner’s marriage foundered because of his commitment to his work. The Horizon franchise is said to have a $100m budget, with Costner himself raising up to $50m.