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Netflix has gone all out for the final chapter of Stranger Things. The fifth and final season of its biggest sci-fi hit is set to arrive in three parts, with the first part starting on November 26, 2025. The next three episodes will be released on December 25, 2025, and the grand finale will arrive on December 31, 2025.
Stranger Things Season 5: Rumored Budget
According to ScreenRant, Puck News reported that despite reducing the episode count to eight, this season has become Netflix’s most expensive production ever, with an eye-watering $50 to $60 million spent on each episode. That reportedly places the total somewhere between $400 and $480 million, making it one of the costliest seasons in television history and nearly double the already massive $30 million per episode spent on season 4.
'STRANGER THINGS 5' has a budget of $480M!
Each episode is said to cost between $50/60M!#StrangerThings5 pic.twitter.com/WiRE8Zheq2
— Stranger Things Updates (@Updates_SThings) October 7, 2025
Stranger Things Season 5 Becomes One Of The Most Expensive TV Shows Ever
When compared to other major productions, Stranger Things now stands in rare company. Amazon’s The Lord of the Rings: The Rings of Power reportedly cost about $58 million per episode, while most big Marvel or Star Wars series rarely crossed the $25 million mark. The show’s overall cost even rivals the most expensive movies ever made — Jurassic World Dominion, for example, cost around $465 million in total, which falls within the same range as the new Stranger Things season.
