Kevin Costner has just signed on to join the upcoming ‘Superman’ reboot, according to The Hollywood Reporter.

The Academy Award-winning director of 1990 Best Picture Oscar winner Dances With Wolves, 56, will play the Man of Steel’s adopted father, Jonathan Kent.

Diane Lane cast as Martha Kent in Superman reboot, with Henry Cavill in the title role.

The film, due to hit theaters in December 2012, will be directed by Zack Snyder (Watchmen) and produced by Christopher Nolan (The Dark Knight).

Costner most recently co-starred in last year’s The Company Men.

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I love this news! I’m such a huge Kevin Costner fan, it’s not even funny. According to Movie Web, it was rumored for a while that Kevin would have a role in Zack Snyder’s upcoming Superman reboot. Now a source close to production is spilling the secrets on Kevin’s role in the new film!

If the source is correct, Kevin Costner will portray Clark Kent’s adoptive human earth father Jonathan “Pa” Kent, the man who finds baby Kal-El and raises him to become the superhero disguised as a mild mannered newspaper reporter.

Kevin Costner will be following in the footsteps of Glenn Ford, who played Pa in the original 1978 big screen version of Superman.

Look for this casting rumor to be confirmed in the next few days.

Superman comes to theaters in 2012 and stars Henry Cavill. The film is directed by Zack Snyder.

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Stephen Baldwin is suing Kevin Costner, claiming Costner and his business partner “schemed” to make millions of dollars off the BP oil rig disaster … by allegedly duping Baldwin into selling shares in a company that builds machines that separate oil from water.

In a lawsuit filed in Louisiana federal court, Baldwin claims in April, he had a meeting in the wake of the oil disaster, and decided to become a 10% partner in an invention backed by Costner — a device that separated oil from water that was actually developed during the filming of “Waterworld.”

Click here to read the lawsuit!

According to the lawsuit, Costner and his partners made it seem as if Costner had already sold his shares in the company when in fact he was still heavily invested.  Baldwin also claims the company misrepresented that there was no deal to sell the contraption to BP.

Baldwin alleges he was duped into selling his shares back to the company so Costner and his partners could score a bigger profit in a deal that was already inked — specifically, a deal with BP valued at more than $52 million.

Baldwin is suing for unspecified damages.

TMZ

Kevin Costner and his wife, German model Christine Baumgartner, welcomed their third child yesterday in Los Angeles, E! Online reports. Baby girl Grace Avery Costner made the 55-year-old actor-director a dad for the seventh time.

“Both mother and daughter are doing well,” Costner’s rep said in a statement.

Baumgartner, 36, and Costner were married in 2004. Their first two children are both boys — Hayes Logan, 1, and Cayden Wyatt, 3.

Grace was born at 5:46 PM, weighing 7 pounds, 11 ounces, and measuring 21 inches long.

Costner was married once before Baumgartner. His eldest child is 26.

The ‘Waterworld’ star made headlines recently for dedicating years (and a fortune) to an armada of seawater-cleaning machines called Ocean Therapy — technology that could help solve the crisis of BP’s gargantuan oil spill in the Gulf of Mexico.

“I’ve lost $40 million-plus,” Costner said. “But I knew that if I was right, it would change things in an incredibly positive way.”

Source

Kevin Costner is expecting his seventh child, Extra reports.

The 55-year-old Dances With Wolves star and wife Christine Baumgartner are expecting their third child in June. They are already parents to two sons: Hayes Logan, 1, and Cayden, 2.

Costner has four children from previous relationships; three with ex-wife Cindy Costner, and one from a brief relationship following his divorce from Bridget Rooney.

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A leather-faced Kevin Costner of the Modern West Band attends a press conference prior to their concert on February 18, 2010 in Barcelona, Spain.

I love me some Kevin Costner, I always will (in the same way I’ll always love John “Cougar” Mellencamp, can’t get enough of these ol’ guys) but he needs to start spending some time out of the sun! Couple more years and he’s gonna look like George Hamilton!

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What do we think of the shaved head?

Kevin Costner grabs his guitar and leaves his hotel in Boston this morning were he has been hard at work shooting “The Company Men”

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