Overview
- The exclusive agreement spans film, television and streaming for four years and takes effect after the brothers’ Netflix pact expires in April 2026.
- All new projects will be developed via Upside Down Pictures, the Duffers’ banner led with producing partner Hilary Leavitt.
- The Duffers said they will continue to be involved with Stranger Things and related development even after their move to Paramount.
- Paramount framed the deal as part of its post‑Skydance merger talent strategy under CEO David Ellison, with former Netflix allies Cindy Holland and Matt Thunell among the executives they will work with.
- Netflix has scheduled Stranger Things’ final season to debut in three parts on November 26, December 25 and December 31, 2025.