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Stranger Things Signs Off With Netflix Finale as Franchise Shifts to Next Chapter

Creator statements with exhibition results show Netflix pivoting the universe following the finale's release.

Overview

  • Netflix released the feature-length series capper on January 1 as part three of a staggered rollout, with the final episode running about 128 minutes.
  • More than 620 U.S. theaters hosted fan screenings over December 31–January 1, generating over $25 million via reservation or concession-voucher models, according to industry reports cited by Deadline.
  • The Duffer Brothers told Collider there are no deleted Season 5 scenes beyond a roughly five‑minute trim to a single rooftop sequence.
  • The Duffer Brothers said the planned Netflix adaptation of Stephen King and Peter Straub’s The Talisman has been canceled.
  • While the creators move to Paramount+, Netflix continues franchise projects such as the animated Tales From ’85 targeted for 2026, and no Montauk-focused spin-off is planned.