Renowned Hollywood manager Peter Meyer, who represented A-listers like Tom Hanks and Kevin Costner, has passed away at 68 after a brave five-year battle against sarcoma. Meyer, founder of Meyer Management, had a significant impact on the entertainment industry. His clients and friends mourn his loss, and a memorial will be held on June 13, 2023, in Santa Monica.

In other news, amidst his divorce from Christine Baumgartner, Kevin Costner is investing heavily in his Western project, the Horizon franchise. He has mortgaged a 10-acre waterfront plot in Santa Barbara to fund the project, contributing up to $50 million of its $100 million budget. Despite the risks, Costner is committed to making the project a success, stating, “I believe in the idea and the story.” He has expressed that this will be his final financial investment in a movie.