Overview

• New Line Cinema has filed an arbitration claim against Horizon Series, Kevin Costner's production company, over alleged breaches of their co-financing agreement for the 'Horizon' saga.
• City National Bank initiated proceedings against both Horizon Series and New Line, prompting New Line to file a cross-claim seeking repayment from Costner's company.
• The first chapter of 'Horizon,' which had a $100 million budget, grossed only $38 million, leading to its move to premium video-on-demand and the indefinite delay of Chapter 2's release.
• Costner personally invested at least $38 million into the project, mortgaging his Santa Barbara property and deferring his fees to fund the four-part series.
• Chapters 3 and 4 have completed scripts, but filming for Chapter 3 began without full financing, leaving the future of the series uncertain amid ongoing legal and financial challenges.