The creators of the megahit series Stranger Things, Matt and Ross Duffer, have officially signed a major deal with Paramount and its parent company, Skydance. The announcement was made on Monday, just five days after initial reports surfaced that the brothers were in talks to leave Netflix. The new, exclusive four-year deal will cover film, television, and streaming projects, with a specific focus on allowing the Duffer Brothers to write, produce, and direct large-scale theatrical films, a goal they have long pursued. Their move to Paramount will begin once their current contract with Netflix concludes in April 2026.
“We couldn’t be more thrilled to be joining the Paramount family. David, Josh, and Dana are passionate about bringing bold, original films to the big screen. To be part of that mission is not just exciting – it’s the fulfillment of a lifelong dream... Our time at Netflix has been incredible. Ted, Bela, and Peter have given us the kind of creative freedom and support that artists dream of but so rarely receive. A decade in, they are family. We’re excited to continue collaborating – not only on the upcoming release of 'Stranger Things 5,' but also on shows we’re deeply proud to be producing, including 'Something Very Bad Is Going to Happen' and 'The Boroughs.' And we look forward to building out the future of 'Stranger Things' together – there are many more stories to tell beyond Hawkins, and we can’t wait to share them."