Apple has acquired the IP and all rights to its hit show “Severance” from its original studio Fifth Season, as Deadline first reported. As part of the deal, which was worth just under $70 million, Apple’s own studio will produce future seasons of the show. Fifth Season will remain as executive producer.
The deal is similar to the one Apple made with AMC Studios for the sci-fi show “Silo” after its first season.
Severance will now be one of Apple’s flagship titles, joining popular series like “Your Friends and Neighbors” and “Stick.”
According to Deadline, production costs for Severance exceeded what Fifth Season could afford. The studio has already asked Apple for advances and considered moving production from New York to Canada for bigger and faster tax breaks. Since Apple definitely has the funds to support the show, the company decided to take full control.
The separation is important to the streamer as the show’s second season became Apple’s most-watched series at the time. It also had the highest number of nominations for the 2025 Emmy Awards.
Deadline reports that the show is expected to run for four seasons, with the possibility of spin-offs, a prequel and foreign versions.