The new Paramount has officially made its first big deal: Stranger Things creators Matt and Ross Duffer are moving to the studio.

Paramount and parent company Skydance made the announcement Monday, five days after reports that the brothers were in talks to leave Netflix , where they created the megahit Stranger Things . The Duffers’ deal at Paramount is an exclusive, four-year pact that covers film, TV and streaming projects, with an emphasis on the brothers “fulfill[ing] an ambition to write, produce, and direct large-scale theatrical films.” They’ll move to Paramount following the conclusion of their current Netflix deal in April 2026.

The new Paramount has officially made its first big deal: Stranger Things creators Matt and Ross Duffer are moving to the studio.

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