Paul Newman has been cremated in a private funeral service.

The 'Butch Cassidy and the Sundance Kid' actor - who died on Friday after losing his battle with cancer - was remembered in a small ceremony attended by friends and family, according to his former business partner A. E. Hotchner.

When Hotchner was asked about the funeral, he told the New York Post newspaper: "It's all over!"

Hotchner, who started Newman's Own food business with Paul, said the company is planning to give away a further $26-million to a "wide variety of charities". The business has already donated $150-million to good causes.

When asked what he remembered most fondly about Newman, who passed away aged 83, Hotchner said: "The great fun we had — the mischief. Everything we did was a lark."

Meanwhile, Julia Roberts, Sean Penn and Tom Hanks will honour Newman's work in a special tribute on 27 October.

The event, which will also feature Jack Nicholson, Bruce Willis and Billy Crystal, will see the stars perform a reading of 'The World of Nick Adams' — Hotchner's adaptation of several Ernest Hemingway stories.

Proceeds from the reading to be held at San Francisco's Davies Symphony Hall will go to the Painted Turtle, a US camp for seriously ill teens, which belongs to Paul's Hole in the Wall camps.