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  • 7 weeks ago
Netflix shares fell on Tuesday afternoon following news that “Stranger Things” creators Matt and Ross Duffer are leaving for an exclusive deal with Paramount Skydance, according to Benzinga. The departure raised investor concerns about the company’s ability to retain top-tier talent. The departure, confirmed Monday, reflects the brothers’ push for theatrical releases, a strategy Netflix has resisted. This comes as the streaming giant readies the final season of “Stranger Things,” premiering later this year in three parts, with spin-offs planned for 2026. The Duffer brothers’ departure casts a shadow over Netflix’s strong year-to-date stock gains, driven by solid second-quarter results and global subscriber growth. Shares are down 2.60%, though shares remain up over 36% year-to-date.

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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Netflix shares fell on Tuesday afternoon following news that Stranger Things creators Matt and Ross Duffer
00:07are leaving for an exclusive deal with Paramount Skydance, according to Benzinga.
00:11The departure rate's investor concerns about the company's ability to retain top-tier talent.
00:15The departure for Monday reflects the brothers' push for theatrical releases, a strategy Netflix has resisted.
00:20This comes as the streaming giant readies the final season of Stranger Things,
00:24rearing later this year in three parts, with spinoffs planned for 2026.
00:27The Duffer Brothers' departure casts a shadow over Netflix's strong year-to-date stock gains,
00:32heard by solid second-quarter results and global subscriber growth.
00:36Shares are around 2.6%. Those shares remain up 36% year-to-date.
00:40For all things money, visit Benzinga.com.
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