The masterminds behind the hit Netflix series Stranger Things, Matt and Ross Duffer, have officially signed a significant new deal with Paramount, which has recently merged with Skydance. This exclusive four-year agreement encompasses a range of projects, including feature films, television, and streaming content. While the financial terms of this lucrative deal have not been disclosed, its implications for the entertainment industry are substantial.
The Duffer Brothers' current contract with Netflix is set to conclude in April 2026. As they transition to their new venture, the brothers will spearhead project development through their production company, Upside Down Pictures. This new venture will focus on creating content for Paramount Pictures, Paramount Television, and Paramount's direct-to-consumer platforms.
In a joint statement released on Tuesday, Matt and Ross Duffer expressed their enthusiasm for joining the Paramount family. They noted, "Bringing bold, original films to the big screen is not just exciting – it's the fulfillment of a lifelong dream." This statement highlights their commitment to creating innovative and captivating content that resonates with audiences.
The Duffer Brothers have gained widespread recognition for their work on Stranger Things, a critically acclaimed sci-fi horror series that is set to release its fifth and final season on Netflix later this fall. Their accolades extend beyond this series; they also co-wrote and directed the psychological thriller film Hidden in 2015 and played a key role in the production of Wayward Pines, which aired on Fox for two seasons starting in 2015.
Despite their new partnership with Paramount, the Duffer Brothers are not stepping away from Netflix just yet. They currently have two projects in development for the streaming giant: Something Very Bad Is Going to Happen and The Boroughs. Additionally, they have plans to expand the Stranger Things franchise, ensuring that their imprint on the entertainment landscape will continue to grow.
As the Duffer Brothers embark on this exciting new chapter with Paramount, fans and industry insiders alike are eager to see how their distinctive storytelling will evolve across various platforms and formats.
