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Kevin Costner’s ‘Horizon 2’ Pulled From August Release in Theaters (Exclusive)
(www.hollywoodreporter.com)
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This is the best summary I could come up with:
The film is being pulled from the release calendar after Horizon: An American Saga — Chapter 1 bit the dust in its theatrical debut late last month.
After numerous discussions, Costner’s Territory Pictures and distribution partner New Line Cinema made the decision to switch up their ambitious release plan in hopes of allowing more time to grow the audience for the first film, which sports a $100 million price tag.
As part of that attempt, Chapter 1 will debut in the home on Premium VOD July 16 in addition to still being available to watch in theaters (the film could do notable business on PVOD).
The Horizon series marks a major gamble for Costner, who put $38 million of his own money into Chapter 1 and funded the rest with the help of two mystery investors and by selling off foreign rights.
It was an alarming debut for the $100 million movie, which was hampered by a poor B- CinemaScore and tepid reviews (it has a 43 percent critics’ rating on Rotten Tomatoes).
Costner is known for his confidence, but even he shocked Hollywood when he announced he would direct for the first time in decades and make four Horizon movies chronicling the great migration West during the Civil War era.
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