Kevin Costner has signed a blockbuster deal with HBO to direct, star in and produce “The Kentucky Cycle,” a six-hour miniseries based on the Pulitzer Prize-winning play by Robert Schenkkan. It will be Costner’s first directing job since winning the Oscar for helming “Dances With Wolves” in 1990.
“The Kentucky Cycle,” which will be produced by Costner and Jim Wilson through their Tig Prods., will easily be the most expensive original product to air on the Time Warner-owned premium channel.
The price tag is expected to be well over the rumored $25 million CBS is paying for the mini “Buffalo Girls,” starring Anjelica Huston and Melanie Griffith.
Some observers said they would not be surprised to see “Cycle” go beyond $30 million, since the play takes place over a period of 200 years, requiring extensive production costs.
HBO execs would not comment on their licensing agreement with Tig, but with the high production costs, HBO could easily pay more than $20 million for the project.