"The company has reportedly acquired the show's IP and all rights from its original studio, Fifth Season, back in December in a deal that was worth approximately $70 million. Fifth Season will remain as an executive producer, but Apple Studios will now be in charge of the show. Severance will be one of Apple's marquee titles, alongside other shows like Owen Wilson's Stick and Kristen Wiig's Palm Royale. Apple also previously acquired sci-fi dystopian series Silo after its first season."
"The studio had already asked Apple for advances in the past and was considering moving the production from New York to Canada for bigger tax rebates. Apple has also apparently been helping Fifth Season not just with its budget, but also with securing advertisers. Seeing as the second season of Severance became the streamer's most watched series,"
Apple Studios acquired Severance's intellectual property and all rights from Fifth Season in December for approximately $70 million. Fifth Season will remain an executive producer while Apple Studios assumes production responsibility for future seasons. The series will join other Apple marquee titles such as Stick and Palm Royale, and follows Apple's acquisition of Silo after its first season. Fifth Season faced production-cost pressures, sought advances, and considered moving production to Canada for larger tax rebates. Apple provided budgetary help and assistance securing advertisers. The second season became the streamer's most watched series, and Apple plans to keep production in New York while pursuing a multi-season plan and possible spinoffs.
Read at Engadget
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