Duffer Brothers Land Paramount Deal

Matt and Ross Duffer, creators of Netflix’s megahit Stranger Things, have signed an exclusive multiyear deal with Paramount.

The four-year deal with Paramount kicks off in April 2026 at the conclusion of their current pact with Netflix.

Matt and Ross Duffer will create, write, direct and produce feature films, television and original streaming series for Paramount Pictures, Paramount Television and direct-to-consumer. Projects will be developed through their production company, Upside Down Pictures, which is led by Hilary Leavitt.

“We couldn’t be more thrilled to be joining the Paramount family,” the brothers said. “David, Josh and Dana are passionate about bringing bold, original films to the big screen. To be part of that mission is not just exciting—it’s the fulfillment of a lifelong dream. And to do so at a studio with such a storied Hollywood legacy is a privilege we don’t take lightly. We’re also excited to reunite with our friends Cindy and Matt, who were among the very first to believe in us and an unusual little script we wrote that became Stranger Things. They took a chance on us in 2015, and they’re taking a chance again—we can’t wait to create new stories together.”

The Duffer Brothers continued: “Our time at Netflix has been incredible. Ted, Bela, and Peter have given us the kind of creative freedom and support that artists dream of but so rarely receive. A decade in, they are family. We’re excited to continue collaborating—not only on the upcoming release of Stranger Things 5, but also on shows we’re deeply proud to be producing, including Something Very Bad Is Going to Happen and The Boroughs. And we look forward to building out the future of Stranger Things together—there are many more stories to tell beyond Hawkins, and we can’t wait to share them.”

“I’ve had the privilege of knowing Matt and Ross for over a decade and worked with them from their earliest stages through their deserving global success,” said Cindy Holland, Paramount’s chair of direct-to-consumer. “We have seen firsthand their extraordinary creative vision and exceptional gift for storytelling. We couldn’t be more excited to reunite and welcome them to Paramount.”

“We are thrilled that the incomparable Duffer Brothers are joining our Paramount family,” said Dana Goldberg, co-Chair of Paramount Pictures and chair of Paramount Television, and Josh Greenstein, co-Chair of Paramount Pictures and vice chair of Platforms. “Their singular talent for creating stories and worlds that shape culture sets them apart, and this partnership is a great example of the new Paramount in action—our film, television, and streaming businesses united to offer Matt and Ross the full power of our platforms to tell their best and most ambitious stories yet.”