Apple acquires IP and all rights to hit show “Severance” from original studio, Fifth Season, as first Deadline reported. Under the deal, which is worth just under $70 million, Apple’s in-house studio will produce future seasons of the show. Fifth Season will remain as executive producer.

The deal is similar to the one Apple struck with AMC Studios for the sci-fi show “Silo” after one season.

“Severance” will be one of Apple’s marquee titles, joining popular series like “Your Friends and Neighbors” and “Stick.”

According to Deadline, the production costs for “Severance” exceeded what the Fifth Season could afford. The studio has already asked for improvements from Apple and is considering moving production from New York to Canada for bigger and faster tax rebates. Since Apple certainly had the funds to back the show, the company decided to take full control.

“Severance” is important to the streamer, as the show’s second season became Apple’s most-watched series at the time. It also has the highest number of nominations at 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.