Kevin Costner and Francis Ford Coppola bet a combined $135 million of their personal money on the movie.

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The Cannes Film Festival could be the launching pad for Hollywood’s next big thing. That could be where it ends for the movie too.And like in ’77th As the annual gathering draws to a close, two members of Hollywood royalty find themselves in an uncomfortable position.

with Kevin Costner francis ford coppola Both directors bet on themselves with their latest self-financed projects that they thought would be popular with audiences. However, given the reception at Cannes, neither film will be well-received by audiences, and Costner and Coppola may end up losing tens of millions of dollars.

costner He reportedly put $38 million of his fortune into investments. Horizon: An American Saga – Chapter 1, Mortgage 10 acres of waterfront land They gathered in Santa Barbara to raise funds for a film depicting the expansion of the American West before and after the Civil War.Coppola spent $100 million from his own pocket megalopolis, It has been described as “a Roman epic allegory set in an imaginary modern America.” But both films have received lukewarm reviews so far, with some critics labeling them vanity projects. Currently on Rotten Tomatoes, horizons has a rating of 27%, but megalopolis It is 53%.

Coppola sold some of his wine estate to finance the film, but he admits there will be less left for his children. But he notes that a sale is likely to happen at some point anyway.

“The wine company I was running was the 13th largest company in the country, and we were on the brink of having to get bigger to survive.” he said deadline. “At my age, I wanted people I knew and liked to get it. By combining them, we became the No. 5 winery. It’s about being in the game. In the process, I realized that I could create value for the company and turn it into money to make the movies I wanted to make.”

Costner, on the other hand, wishes lightning would strike him twice.he helped with finance dances with wolves At first it was ridiculed and left the Oscar winner. horizon was a project he had been trying to make since 1988, but it never worked out.

“Nobody could make it work,” he said. “At the end of the day, I’m a storyteller and I put my own money into it. I’m not a very good businessman, so scratch your head. I don’t know why, but I’m willing to let this go. did not.”

Passion aside, even Costner admits the experience was stressful.

“I’ll tell you what, I’ll never do something like this again,” he said with a laugh. “I’m not going to spend a lot of money on another movie after these four.”

horizon Distributed by Warner Bros. and New Line, megalopolis ‘ does not yet have a distributor, and Coppola said he is still editing the film and does not expect it to be released this year.

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Source link: https://fortune.com/2024/05/21/costner-coppola-self-finance-gamble-horizon-megalopolis-cannes/

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