‘Stranger Things’ Creators the Duffer Brothers Leaving Netflix and Setting Up Shop at Paramount

Last week’s reports have been confirmed, with Paramount officially announcing this week that Matt and Ross Duffer have inked an exclusive four-year deal with the studio.

What’s particularly interesting about this situation is that it means the creators of “Stranger Things” have officially departed Netflix, joining a growing list of creators – including Mike Flanagan – who ultimately ended up leaving Netflix behind and moving to other studios. A strong factor in this decision, it seems, is the Duffers’ interest in making theatrical movies.

The announcement comes before the final season of “Stranger Things” premieres November 26, with animated series “Stranger Things: Tales from ’85” also in the works at Netflix.

According to THR, the Duffer Brothers will be heading to Paramount when their deal with Netflix comes to a close in April 2026. The outlet reports, “the Duffers’ deal at Paramount is an exclusive, four-year pact that covers film, TV and streaming projects, with an emphasis on the brothers fulfill[ing] an ambition to write, produce, and direct large-scale theatrical films.”

The Hollywood Reporter also notes, “The Duffers will develop their Paramount slate via their Upside Down Pictures banner, led by president Hilary Leavitt.”

“We couldn’t be more thrilled to be joining the Paramount family. David, Josh [Greenstein], and Dana [Goldberg] 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,” Matt and Ross Duffer said in a statement. “To do so at a studio with such a storied Hollywood legacy is a privilege we don’t take lightly. We’re also excited to reunite with our friends Cindy and Matt, who were among the very first to believe in us and an unusual little script we wrote that became Stranger Things. They took a chance on us in 2015, and they’re taking a chance again — we can’t wait to create new stories together.”

Their statement continues, “Our time at Netflix has been incredible. Ted [Sarandos], Bela [Bajaria], and Peter [Friedlander] 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.”

Matt and Ross Duffer will remain attached as executive producers to all of the above, it’s important to note, along with any “Stranger Things” projects Netflix conjures up going forward.

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