His latest purchase has two trout streams and offers a place for waterfowl hunting, according to TMZ.
Despite the hefty price tag, the land has minimal structures built on it, so the actor has ‘a bit of a blank canvas to work.’
The ranch is 65 miles away from Jackson Hole and was also said to be toured by Michael Keaton over the summer.
The showrunner also boasts two ranch properties in Texas – the $350 million, 266,255-plus acre Four Sixes Ranch, which he purchased in January 2022 along with a group of investors, and the Bosque Ranch, a 600-acre property where much of Yellowstone and its spinoffs are filmed.
Last year, a report from the Wall Street Journal revealed that the star charges Paramount as high as $50,000 a week to film Yellowstone on his own ranch in Texas.
At the ‘Cowboy Camps’, actors are taught how to work with horses and realistically depict ranch life. WSJ reported Paramount was charged $214,979.61 for the camp leading into season five, which lasted around a week.
About $33,000 of that was just for catering. Use of his horses was also costly – Paramount was charged $2,000 a head.
According to WSJ, it costs over $500 million a year for Paramount to create Sheridan’s programs. That figure also includes the first season of the Yellowstone spin-off 1923, which cost nearly $200 million.
Sheridan has a number of Yellowstone prequel and spinoff series at work, including 1883, 1923, 1944 and The Madison, starring Michelle Pfeiffer.
News of his latest purchase comes after Deadline confirmed that ‘negotiations are underway for a sixth season’ of Yellowstone, despite previous stating that the series would after season five.
Although sources emphasized that the deal is still up in the air, the upcoming episodes would focus on Kelly Reilly and Cole Hauser, who play Beth Dutton and Rip Wheeler, following Kevin Costner‘s dramatic exit from the neo-Western drama.
