Apple Studios now owns “Severance,” with the original owners, Fifth Season, remaining as executive producers, and there are plans to expand the IP’s universe.
How everyone is waiting for season 3 Severance paythere’s news that may ensure the series has a long future on Apple TV. It started as a leased series from Fifth Season, but will now join Apple Studios as an in-house production.
The news comes from Periodwhich says the series sold to Apple for around $70 million. The original studio is sticking around as executive producers.
Apple TV licenses content as Ted Lassobut half of his series are in-house productions for Apple Studios. The fifth season is responsible for Your friends and neighbors, Hold, Sugarand Palm Royale.
While this deal shouldn’t cause any significant changes to the series, it does mean that Apple plans to invest more heavily in the series as a whole. We’ve seen a State Farm ad and Tim Cook appear in a trailer for the Season 2 announcement date, so more is at least possible.
Although not greenlit, a season 4 is expected, but whether or not there will be a season 5 will be determined by Ben Stiller. However, spinoffs are possible as a way to promote the series and maintain interest between seasons.
The deal is a win-win for Apple and the former studio, as financial concerns may have forced production to move from New York to Canada. Each episode of the second season is estimated to cost around $20 million, but Apple can easily foot the bill.
The time between seasons can continue to be quite long as writers prefer to make corrections during the script writing process rather than during production. So every script has to be finalized before shooting.
The third season is expected to begin filming sometime in the summer of 2026, so it may still be some time before release. Meanwhile, we could be looking forward to the return of Tim C as the new owner of the fan favorite series.