Marvel Studios began teasing the formation of a Thunderbolts team within the MCU in 2021. The film was revealed to be in development in June 2022, when Schreier and Pearson were attached. The film’s main cast members were revealed that September, followed by additional casting through early 2023. Lee joined to rewrite the film’s script by March 2023, one of several creatives who returned to work with Schreier from the Netflix series Beef. Production was delayed due to the 2023 Hollywood labor disputes, causing some actors to leave the project and be replaced in early 2024, when Calo joined. Filming took place from February to June 2024 at Trilith Studios and Atlanta Metro Studios in Atlanta, Georgia, with additional filming in Utah.

Thunderbolts* is scheduled to be released in the United States on May 5, 2025, as the last film of Phase Five of the MCU.

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