Apple TV+ Faces Budget Cuts Amid Soaring 'Severance' Costs

With production costs reaching $20 million per episode, Apple TV+ plans to curb spending across its streaming service.

'Severance' Season 2's budget has escalated to $20 million per episode, totaling $180 million for the season.
Apple TV+ garners only 0.2% of US TV viewership, significantly trailing behind competitors like Netflix.
High production costs stem from script rewrites, scheduling conflicts, and creative contributions from high-profile talents.
Apple executives are pushing for budget reductions to sustain the platform's diverse, high-quality content lineup.
The future of other expensive Apple TV+ originals, such as 'Silo' and 'Foundation,' remains uncertain amid spending cuts.