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00:02Apple acquired the rights and intellectual property for Severance from fifth season in
00:07a deal valued at around $70 million, according to Deadline. The deal shifts the series to Apple
00:12Studios as its in-house producer. The show has completed two seasons, plans at least for more,
00:18with season three set to begin filming this summer. Apple is exploring an expansion of
00:23the show's universe for additional content. It earned 27 Emmy nominations in 2025 and won
00:29eight awards. Season two double viewership from season one. Netflix has emerged as the leading
00:35streaming model while competitors pursue subscriber growth and profitability, and Apple, which funds
00:40its platform through operations, is seeking improvement after reporting annual streaming
00:44losses of more than $1 billion. The company will continue licensing content, but plans to rely
00:50more on in-house production. For all things money, visit Benzinga.com.
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