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Duffer Brothers Sign Four-Year Paramount Deal for Theatrical Films After 2026 Netflix Exit

The pact positions Matt and Ross Duffer for big‑screen projects at Paramount, with the brothers remaining on Netflix’s Stranger Things through completion.

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Stranger Things creators Matt and Ross Duffer sign exclusive four-year deal with Paramount after leaving Netflix.
Will Netflix's Continued Disdain For Theatrical Lose More Creators Like Stranger Things' Duffer Brothers?
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Overview

  • Paramount confirmed an exclusive four‑year agreement with the Stranger Things creators that begins after their Netflix contract ends in April 2026.
  • Under the deal, the Duffers will write, direct and produce for Paramount Pictures, Paramount Television and Paramount’s streaming platforms, with a focus on large‑scale theatrical releases.
  • The agreement is through their Upside Down Pictures banner and involves parent company Skydance, reuniting the duo with former Netflix executives Cindy Holland and Matt Thunell now at Paramount.
  • The brothers said they will continue overseeing Stranger Things Season 5 and remain executive producers on spinoffs including The Boroughs and Something Very Bad Is Going to Happen.
  • Stranger Things Season 5 is slated to roll out in three parts in November and December 2025, bridging their current commitments before the Paramount term starts.