Overview

• Industry reports published Oct. 10–11 say Season 5’s eight episodes carry estimated budgets of $50–60 million each, totaling roughly $400–480 million.
• At that level, the final season would be Netflix’s most expensive series to date, according to outlets citing The Hollywood Reporter and other trade reporting.
• Episodes are described as feature-length, around 90 minutes and sometimes approaching two hours, with each produced like a standalone film.
• Coverage indicates a staggered release in three parts beginning in late November 2025, though reported specific dates differ between publications.
• Netflix has not formally confirmed the budget figures or full schedule, and reporting attributes higher costs to heavier VFX, larger sets, longer runtimes and rising cast salaries after a multi-year gap since Season 4.