Up until this point, it had only been reported that the Duffer Brothers were planning to exit Netflix, though now it’s been confirmed. THR reports that the famous siblings inked a four-year deal with Paramount (which recently merged with Skydance) that’ll encompass TV,

Paramount, under new ownership, has made some big swings out of the gate, and undoubtedly, their two biggest moves thus far have been picking up UFC rights

The creators of Stranger Things are migrating to Paramount to secure theatrical releases and other exciting opportunities in the near future.