"On February 11, reported Apple has acquired from its original production company Fifth Season for $70 million. This means Severance is now Apple's exclusive intellectual property, rather than a licensed show made by an outside partner. Deadline goes into the weeds of how and why it all happened-including deep dives into Apple's pay structures-but the short version is that the show was too expensive for Fifth Season to shoulder by itself."
"Seeing the value of the series as one of if not the most popular show on Apple TV, the tech giant opted to buy it outright to alleviate some of its financial straits and logistical headaches. (Season 2, Deadline writes, was costly for many reasons including creative frictions, Covid protocols, and a long shutdown in 2023 due to the Hollywood labor strikes.)"
"What all of this means for fans is actually straightforward. It confirms that more Severance is on the way, with work on season 3 expected to begin this summer; filmmaker Kogonada, who previously worked on Apple TV's Pachinko, is on board as a new producing director. A fourth season "is a lock and factored into Apple Studios' plans for the show," writes Deadline. The outlet adds that Apple aims to make season 4 the last hurrah for the show."
Apple acquired Severance’s rights from its original production company Fifth Season for $70 million, making the series Apple’s exclusive intellectual property. The purchase relieves Fifth Season’s financial burden after costly production for season two caused by creative conflicts, COVID protocols, and the 2023 Hollywood strikes. Production on season three is expected to begin this summer, with filmmaker Kogonada joining as a producing director. Apple Studios has factored a fourth season into its plans and intends for season four to conclude the series, while leaving room for spin-offs, prequels, and international versions.
Read at Esquire
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