Overview

• Variety reports the Duffers are in advanced, unconfirmed negotiations to leave Netflix for an exclusive overall deal at Paramount under Skydance ownership.
• The proposed pact would emphasize tentpole movies and series and reunite Matt and Ross Duffer with Cindy Holland, alongside Josh Greenstein and Dana Goldberg.
• Representatives for the brothers and a Paramount spokesperson have declined to comment while sources caution talks could still falter.
• The Duffers will maintain ties to Netflix through Upside Down Pictures, with two completed series scheduled to debut on the streamer in 2026.
• Stranger Things’s fifth and final season remains set for a November premiere, with an animated prequel screened at Annecy and a live-action spinoff in development.