
Netflix’s Ted Sarandos Frames Duffer Brothers and Shawn Levy Exits as Creative Pivot to Theatricals
Netflix CEO Ted Sarandos stated that the Duffer Brothers and Shawn Levy left the streamer to pursue theatrical film projects, not due to a dispute. The Duffers signed a four-year deal with Paramount in August 2026, while Levy joined Disney’s 20th Television in September 2026. Netflix retains ownership of the Stranger Things franchise, and Levy remains involved in developing new projects for the platform.













