Peacock will release Yellowstone season 5, part 1 on its platform starting May 25, allowing viewers to catch up on the neo-Western before the show ends with its final six episodes in November. The final episodes are expected to focus on the fate of John Dutton, played by Kevin Costner, who will be exiting the show after season 5. However, a sequel to Yellowstone led by Matthew McConaughey is planned for December 2023, which could help smoothen the transition between him and Costner. There are also plans for multiple spinoffs within the Yellowstone universe.