Overview
- Industry reports led by Puck’s Kim Masters estimate Season 5 at roughly $50–$60 million per episode, implying a total around $400–$480 million.
- All eight episodes are reportedly movie-length at about 90 to 120 minutes each.
- Netflix has scheduled releases for November 26 (episodes 1–4), December 25 (episodes 5–7) and December 31 (finale).
- The spend is widely compared with the most expensive TV seasons and major film budgets, and far exceeds Season 4’s reported ~$30 million per episode.
- Coverage cites extended runtimes, heavier VFX work and higher cast pay as key cost drivers, with Netflix mounting a global press tour across cities including Lucca, Los Angeles, London, Berlin, Paris, Istanbul, Tokyo, São Paulo, Toronto and New York.