Overview

• Reports from industry outlets say the eight-episode fifth and final season carries a budget of roughly $400–480 million, making it Netflix’s most expensive series to date.
• FOCUS and other outlets report a staggered release on November 27 and December 26, 2025, with the finale arriving January 1, 2026, though Netflix has not issued a line-item confirmation.
• The spending is attributed in coverage to blockbuster-level visual effects, larger sets, higher cast salaries and expanded marketing to position the finale as an event.
• At up to $60 million per episode, the reported outlay far exceeds the show’s fourth-season costs, which were cited at about $30 million per episode.
• The budget would place the season among the priciest TV and streaming projects globally and compares with or surpasses many major Hollywood film productions.