Hot on the heels of the record-breaking conclusion of the fourth season of Netflix’s “Stranger Things,” creators Matt and Ross Duffer have formed a new shingle called Upside Down Pictures and have recommitted to their current streaming home.

The ambitious inaugural slate for Upside Down Pictures includes a live-action spin-off of the flagship series created and developed by the Duffers; an adaptation of Stephen King and Peter Straub’s “The Talisman,” which they will produce alongside their hero Steven Spielberg; a British stage play set within the world of “Stranger Things;” and a new adaptation of Japanese manga/anime “Death Note” (previously adapted by Netflix into the underrated 2017 Adam Wingard live-action movie).

All of this on top of having to finish “Stranger Things” with the upcoming fifth (and final) season.Among the projects in development, Netflix announced: an all-new live-action television adaptation of the renowned Japanese manga and anime series “Death Note;” an original series from creators Jeffrey Addiss and Will Matthews (“Dark Crystal: Age of Resistance”); a series adaptation of Stephen King and Peter Straub‘s beloved 1984 novel “The Talisman” to be created by Curtis Gwinn (a co-executive producer and writer on “Stranger Things”) and co-produced by Amblin Entertainment and Paramount Television (the amount of former rightsholders and current stakeholders must be immense); a new stage play set within the world and mythology of “Stranger Things,” produced by prolific UK-based stage producer Sonia Friedman, Stephen Daldry and Netflix.

Daldry (“Billy Elliot,” “The Crown”) will also direct. 21 Laps will serve as Associate Producer. There is also, of course, the “Stranger Things” spin-off.Deadline first.

Duffer Brothers Launch Upside Down Pictures With Netflix; ‘Stranger Things’ Spin-Off In the Works

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