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‘Severance’ Season 3 Filming Eyes Summer 2026 Start & Everything We Know So Far

  • In a deal completed late last year, Apple Studios acquired Severance's IP and all rights from Fifth Season for just under $70 million.
  • Budget pressure from COVID protocols and a long strike strained Fifth Season as delayed tax-credit payments and borrowing rates rising from 1% to 5.5%-6% squeezed its cash flow.
  • Season 2 ran up costs to $20,000,000 per episode, doubling Season 1's viewership and earning 27 Emmy nominations and eight wins.
  • Ownership gives Apple budget flexibility to absorb costs, wait for delayed tax rebates, and keep production in New York while Fifth Season earns producing fees and shifts to executive producer.
  • Filming is slated for the summer of 2026 but may be pushed a couple of weeks as six scripts are finished, with Zi filmmaker Kogonada as producing director.
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Deadline broke the news in Los Angeles, United States on Wednesday, February 11, 2026.
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