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Apple Takes Full Ownership of ‘Severance,’ Sets Course for Four Seasons

Apple’s in-house shift aims to steady the show’s financing, schedule.

Overview

  • Apple acquired the IP and all rights from Fifth Season for just under $70 million, moving future production to Apple Studios.
  • Fifth Season remains attached as an executive producer as Apple positions the series for long-term control and franchise management, keeping production in New York.
  • Season 3 is in development with several scripts completed, and filming is targeted for summer 2026, though the start remains tentative.
  • Reports indicate Apple is planning at least four seasons, with a fourth considered a lock, while creators are open to prequels, spinoffs and international versions.
  • The deal follows Season 2’s costly, delay-heavy production—reportedly up to $20 million per episode with delayed tax credits and higher borrowing costs—and comes after the show became Apple TV’s most-watched title with 27 Emmy nominations and eight wins.