Netflix could soon lose the creative team behind one of its biggest hits. Earlier this week, reports surfaced that Matt and Ross Duffer, the brothers who created “Stranger Things” and directed many of its episodes, were in talks to sign an exclusive deal with Paramount, now owned by David Ellison’s Skydance. By Friday, it was confirmed that the Duffers had made their decision and were moving to Paramount.
The Duffer Brothers’ ambition has grown with each season of “Stranger Things,” evident in longer episodes, more spectacular set pieces, and a ballooning budget—Season 4 reportedly cost $30 million per episode. It’s no surprise they’re now looking to make big-budget, tentpole movies, an area where Netflix has struggled. Netflix’s reluctance to commit to theatrical releases has been a point of contention, with co-CEO Ted Sarandos calling theaters an “outdated concept.”
While Netflix does release some films in theaters, it avoids long exclusive windows, which major chains often require. This was reportedly a dealbreaker for the Duffers, much like it was for Greta Gerwig, whose upcoming “Narnia” adaptation for Netflix will have an exclusive two-week IMAX run before streaming.
The Duffers’ departure won’t immediately impact Netflix, as the final season of “Stranger Things” will release in three parts later this year. The brothers also have two new shows slated for 2026. Meanwhile, the “Stranger Things” universe continues to expand, with a Broadway prequel, an animated series on the way, and a live-action spinoff in development.
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