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,

Matt and Ross Duffer, creators of Stranger Things, are joining Paramount in a four-year deal to develop films, TV, and streaming projects

The creators of Stranger Things are walking away from the streamer to make projects that will be released in theaters. Rian Johnson's Knives Out films have not announced a fourth installment, while Greta Gerwig fought to get an IMAX release for her Narnia film.