Beloved Hollywood manager Peter Meyer, who represented

A-list stars like Tom Hanks and Kevin Costner, passed away at 68 after a brave five-year battle with sarcoma.

His sister shared, “After a heroic fight, Meyer found peace surrounded by his family.”

The entertainment industry, along with his clients and friends, is deeply mourning his loss.

Meyer, who spent over a decade as a talent agent at William Morris, went on to establish Meyer Management in 1989,

representing a wide array of talents throughout his illustrious career.

A memorial service will be held on June 13, 2023, at St. Monica’s Catholic Church in Santa Monica to honor his legacy.

Meanwhile, Kevin Costner, currently navigating his divorce from Christine Baumgartner,

has made a significant financial commitment to his ambitious Western project, the Horizon franchise.

Costner mortgaged a 10-acre waterfront property in Santa Barbara, contributing up to $50 million of the project’s $100 million budget.

Despite the financial risks, Costner remains passionate about the project, stating,“I believe in the idea and the story.”

He also emphasized that this would be his final personal investment in a film, saying,

“I’m never putting my money in another movie after these four.”