Chris Rice, cofounder and co-CEO of Fifth Season and producer of Apple+’s ‘Severance,’ dives into the financial labyrinth of television production. He explains what happens when a show exceeds its budget and who bears the costs, revealing the impact of industry strikes and ambitious creative choices. Chris also contrasts independent studios with larger networks, discussing financing models and the dynamics of global distribution rights. He further highlights the unique 'cost plus' model used in ‘Severance,’ illustrating the delicate balance between creativity and budget management.