According to Dontnod Entertainment’s Luc Baghadoust, Life is Strange Episode 5 is going to be released next month, on October 20. The news was shared through a blog post, where Baghadoust specified that there are changes that can occur until it will come out, but the team wants to stay at this date.
Many things can change in the lead up to release, [the] team are working really hard to try and hit this date. We know the wait may be a bit longer than some of you were hoping for but we want to ensure Episode 5 is the best it can be.
Usually they don’t announce a date until the game is 100% done, but this announcement was made today “in the spirit of Max’s birthday”, anyway we are happy to have a date.