Netflix Announces ‘Stranger Things’ Spin-off

Netflix has greenlit a spin-off of the science fiction series “Stranger Things” as the show’s creators, Matt and Ross Duffer, formed a new production group.

Netflix, alongside Matt and Ross Duffer, has formed Upside Down Pictures, a new production company to develop film and television projects as part of the brothers’ overall deal with Netflix.

‘Stranger Things” creators have hinted a spin-off and live stage play as part of the offerings of this new production company. The new stage play would be set within the world and mythology of “Stranger Things.”

Upside Down Pictures’ projects also include a series adaptation of Stephen King and Peter Straub’s “The Talisman” and a live-action take of the anime show “Death Note.”

Meanwhile, the live-action spin-off is based on an original idea by the Duffers and will be produced by Upside Down alongside Shawn Levy’s 21 Laps.

This news comes as “Stranger Things” season 4 crosses the one billion views benchmark in the first four weeks since its release, coming second place to famed Korean TV show “Squid Game.”

“Matt and Ross are an exceptionally unique talent with a vision so crisp and clear,” said co-CEO Ted Sarandos in a statement Wednesday. “They are all about the details — it’s no accident that ‘Stranger Things’ has pierced the zeitgeist to become the epic pop culture phenomenon it is today.”

The new production company will be run by Hilary Leavitt, who developed “Orphan Black,” “Ozark,” and “The Great.”