Apple acquired all intellectual property and rights to the series Severance from production studio Fifth Season for a reported $70 million. The deal transitions the show to a fully in-house Apple Studios production.
Apple is utilizing this strategy to gain greater creative and financial control over its successful series. This move underscores the company's commitment to building long-term franchises for the Apple TV+ streaming service.
Fifth Season will continue its involvement as an executive producer. The series is reportedly planned to run for at least four seasons. Apple is also considering potential spin-offs and prequels for the property.