- Filming began in Massachusetts on January 27, 2022.
- In June 2021, Miramax acquired the distribution rights.
- The Holdovers is the second collaboration between director Alexander Payne and actor Paul Giamatti after Sideways (2004).
- On September 11, 2022, a special screening of the film was held for buyers; the following day, it was reported that Focus Features had acquired the distribution rights for $30 million.
- The Holdovers premiered at the 50th Telluride Film Festival on August 31, 2023, and was for a limited theatrical release in the United States on October 27, 2023, followed by a wide release on November 10, 2023, by Focus Features.
- It was also invited at the 28th Busan International Film Festival in ‘Icon’ section and will be screened in October 2023.