Netflix plans 'Stranger Things' spinoff as Duffers get to work on rich deal
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Fresh off some billion-eyeball success, Netflix (NASDAQ:NFLX) is planning a spin-off of the its series Stranger Things, as part of a lucrative deal with show creators the Duffer Brothers.
Matt and Ross Duffer have delivered one of Netflix's (NFLX) most-enduring successes. Now, their nine-figure deal with the streamer has resulted in their new label, Upside Down Pictures, under which they will deliver the spinoff as well as a stage play set in the Stranger Things world.

Upside Down is also working on a series adaptation of The Talisman, the novel by Stephen King and Peter Straub; a live-action version of anime hit Death Note; and an original series coming from the creators of The Dark Crystal: Age of Resistance.

That's all in addition to the fifth and final season of Stranger Things. The just-finished fourth season has resulted in record viewing for Netflix (NFLX).