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Kevin Costner suffers post-divorce heartbreak following death of beloved Hollywood friend

The Yellowstone star's former rep was a close friend to many in Hollywood

Kevin Costner attends the Premiere Party For Paramount Network's "Yellowstone" Season 2 at Lombardi House on May 30, 2019 in Los Angeles, California
Ahad Sanwari
Ahad Sanwari - New York
Senior WriterNew York
6 June 2023
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Peter Meyer, a beloved Hollywood manager and the founder of Meyer Management, passed away at the age of 68 on May 14, the news of which was shared in a statement by his sister Patricia K. Meyer.

The industry veteran, known for being a rep to A-listers like Tom Hanks and Kevin Costner, died after a five-year battle with Sarcoma at a Santa Monica hospital.

The statement from his sister read: "After a heroic five-year battle against sarcoma, Meyer found peace surrounded by his family. 

Kevin Costner sits in a chair as John Dutton in Yellowstone scene© Rex
Peter Meyer represented Kevin in the early stages of his career

"He will be deeply missed by his wife, Anna Maria, and his three children, Christopher, Sasha, and Chase, as well as by his brothers John & Michael, sister Patty, nephews Zachary, Nathan, and Matthew and the rest of the Meyer and Sistare families." 

It continued: "He also will be mourned by his beloved friends and incredibly talented clients with whom he grew very close over the decades."

MORE: Kevin Costner resurfaces amid divorce and Yellowstone drama with rare glimpse into new project

Peter was a William Morris talent agent for over a decade, having graduated from Yale University and studied the old Hollywood studio system.

Rita Wilson and Tom Hanks attend the 2023 MusiCares Persons Of The Year honoring Berry Gordy and Smokey Robinson at Los Angeles Convention Center on February 03, 2023 in Los Angeles, California© Getty Images
Tom Hanks was also one of the late talent agent's clients

As a William Morris agent, he represented the likes of Kevin, Tom, Kathleen Turner, James Caan, Christopher Walken, William Shatner, and David Hasselhoff.

As the lead of his own organization, Meyer Management, which he started in 1989, he was able to represent Jeffrey Reiner, Michael Sloan, Joel Novoa, J.T. Allen, Deric Washburn, Tony Eldridge, and Roger Frappier.

MORE: Yellowstone star addresses show drama amid finale news and Kevin Costner's divorce

A memorial will be held by his family on Tuesday, June 13, 2023, at St. Monica's Catholic Church in Santa Monica, which will be open to all who wish to attend.

Kodi Smit-McPhee, Kirsten Dunst, Benedict Cumberbatch, Jane Campion, and Frances Conroy attend the official screening of Netflix's "The Power Of The Dog" during 2021 AFI Fest at TCL Chinese Theatre on November 11, 2021 in Hollywood, California© Getty Images
Peter last made an appearance at the "Power of the Dog" premiere in 2021

68-year-old Kevin has been dealing with some turmoil of his own in his personal life, dealing with a divorce from Christine Baumgartner after 18 years of marriage.

And now the actor star has made an extraordinary personal investment for the sake of his upcoming Western project, the Horizon franchise. 

MORE: Yellowstone fans left devastated after show bosses confirm fate of show

Kevin recently revealed he has mortgaged a sprawling 10-acre plot of prime, undeveloped coastline – a piece of land he had earmarked for a family home to fund the creation of his dream project.

VIDEO: Kevin Costner stars in the gripping Western

"I've mortgaged 10 acres on the water in Santa Barbara where I was going to build my last house," he admitted to Deadline.

"But I did it without a thought. It has thrown my accountant into a conniption fit. But it's my life, and I believe in the idea and the story," he added. 

MORE: Kevin Costner's wife Christine Baumgartner doubles down on divorce filing as she's spotted out without wedding ring

For over three decades, Kevin has been passionately working towards bringing Horizon to life, a labor of love that has now seen him personally contribute up to $50 million of the project's $100 million budget. 

christine baumgartner kevin costner screen actors guild awards 2022© Getty Images
The actor is grappling with a divorce from his wife of 18 years

Although the actor is well aware of the potential risks involved, he is wholeheartedly committed to this project, stating, "I'll tell you what. I'm never gonna do this again. I'm never putting my money in another movie after these four."

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