Yellowstone's fifth season is set to arrive exclusively on Peacock on May 25, with the Dutton family fighting back against outside threats while also dealing with internal conflicts. Despite its popularity, Season 5 will be the show's final season, reportedly due to conflict between Kevin Costner and Taylor Sheridan. However, spinoffs such as the critically acclaimed 1923 and a sequel series set after the events of Yellowstone Season 5 are in development to expand the world of the Dutton Family. Matthew McConaughey is rumored to be in talks to lead the new project. Part 2 is expected to premiere in November 2023.