Apple has acquired complete ownership of its critically acclaimed series Severance, bringing production in-house after securing all intellectual property rights from Fifth Season in a deal valued at nearly $70 million. This move mirrors a similar arrangement made previously with AMC Studios for the sci-fi hit Silo, signaling Apple’s growing strategy to consolidate control over its most valuable streaming properties.
Financial Pressures Drove the Deal
The acquisition was reportedly driven by escalating production costs for Severance, which Fifth Season struggled to finance. The studio had already requested financial advances from Apple and considered shifting production to Canada for tax incentives. Apple’s deep pockets and commitment to the show made taking full ownership the logical step.
A Key Series for Apple TV+
Severance is a significant asset for Apple TV+. Its second season became the most-watched series on the platform at the time of release and garnered the most Emmy nominations in 2025. This performance underlines why Apple moved decisively to secure its future.
Long-Term Plans: Four Seasons and Beyond
The streaming giant is planning at least four seasons of Severance, alongside potential spin-offs, a prequel series, and localized international adaptations. The move reinforces Apple’s ambition to expand the franchise beyond its original format. The company now has complete creative and financial control over one of its most successful and critically praised properties.
Apple is consolidating its position in the streaming market by owning key IP, reducing reliance on external studios, and ensuring long-term franchise viability. This move will allow Apple to maximize investment in future seasons and expansions of Severance, solidifying its position as a major player in high-end television.
