The Stranger Things series will be ending with Stranger Things Season 5, but that won’t be the end of the world of the Upside Down at Netflix.

Netflix announced on Wednesday (July 6) that the creators of the hit series, Matt and Ross Duffer, have formed Upside Down Pictures, a new production company that will develop film and television projects, including a Stranger Things spin-off, as part of the brothers’ overall deal with Netflix.

Hilary Leavitt, who developed “Orphan Black,” “Ozark” and “The Great,” has been hired to run Upside Down Pictures.

The Duffers say Upside Down Pictures will aim to create the kind of stories that inspired them growing up — “stories that take place at that beautiful crossroads where the ordinary meets the extraordinary, where big spectacle co-exists with intimate character work, where heart wins out over cynicism.”

“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.”

Upside Down Pictures also plans a live-action adaptation of Japanese manga “Death Note.” Netflix had previously released an American “Death Note” adaptation in 2017.

Additional projects include an original series from the creators of “Dark Crystal: Age of Resistance,” and a series adaptation of Stephen King and Peter Straub’s epic fantasy novel “The Talisman.”

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