Overview

• New Line Cinema has filed an arbitration claim against Kevin Costner’s Horizon Series over alleged breaches of their cofinancing agreement.
• City National Bank initiated arbitration proceedings against both New Line and Horizon Series, leading New Line to file a crossclaim seeking repayment from Horizon Series.
• Horizon: Chapter 1, which cost $100 million to produce, grossed only $38 million at the box office, prompting a pivot to streaming and delaying Chapter 2 indefinitely.
• Kevin Costner personally invested at least $38 million into the project, including mortgaging his Santa Barbara property, but funding gaps persist for Chapters 3 and 4.
• Chapter 3 began filming last year despite incomplete financing, while the franchise’s future remains uncertain due to ongoing legal and financial disputes.