Paramount confirmed on Tuesday that it has struck a multi-year exclusive deal with Stranger Things creators The Duffer Brothers to create film, television, and streaming projects.

The arrangement calls for Matt and Ross Duffer to “fulfill an ambition to write, produce, and direct large-scale theatrical films”, and will commence after the brothers’ Netflix deal ends in April 2026.

The siblings will develop through their Upside Down Pictures alongside company president Hilary Leavitt. Projects will receive the full weight of Paramount’s support including franchise development and marketing.

They will continue to work on Stranger Things and other projects at Netflix, and now reunite with Paramount’s streaming head Cindy Holland and Paramount Television head Matt Thunell, with whom

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