India, Aug. 20 -- After months of speculation, it's official: Stranger Things creators Matt and Ross Duffer are leaving Netflix and heading to Paramount under a new, exclusive deal. The filmmaker duo, through their Upside Down Pictures banner, has signed a four-year agreement with Paramount Global and its parent company Skydance, marking a major shift in their creative journey.

According to Deadline, the new deal, confirmed by Paramount, will take effect after the Duffer Brothers' current Netflix contract concludes in April 2026. While their partnership with Netflix is ending, the brothers will remain involved in the Stranger Things franchise and related spinoffs, including the upcoming shows The Boroughs and Something Very Bad Is Going ...