Produced by an “outie” studio for its first two seasons, Apple TV‘s flagship drama series Severance will now be made by an “innie” one. In a deal finalized late last year, Apple has acquired Severance — the IP and all rights — from Fifth Season, Deadline has learned. Under the pact, which sources peg at just under $70 million, Apple’s in-house Apple Studios will be the studio on the Emmy-winning series going forward, with indie Fifth Season becoming an executive producer. The transaction is similar to the handover between AMC Studios and Apple Studios of another elaborate, high-concept drama, Silo, after Season 1. Severance, a high-end drama said to cost as much as $20M an episode for its 10-episode second season, will become a marquee title in the Apple Studios portfolio, joining popular series such as Your Friends and Neighbors, Stick, Sugar and Palm Royale and movies such as last year’s tentpole F1. >>>Full Analysis |