Overview

• The agreement covers feature films, television and streaming projects and highlights a push into large‑scale theatrical filmmaking.
• Work at Paramount will run through the Duffers’ Upside Down Pictures banner led by producing partner Hilary Leavitt.
• The brothers will remain involved with existing Netflix projects, including Stranger Things and announced spinoffs, through the end of their current deal.
• The move reunites them with former Netflix collaborators now at Paramount, including Cindy Holland and Matt Thunell, alongside film chiefs Josh Greenstein and Dana Goldberg.
• Paramount confirmed the deal following its merger with Skydance, and outlets report that financial terms were not disclosed.