- Famed “Glee” and “American Horror Story” producer Ryan Murphy is pulling up stakes from 21st Century Fox and going to Netflix in a five-year deal worth as much as $US300 million, The New York Times reported on Tuesday night.
- When finalised, the agreement will be the most lucrative deal ever for a producer. “Scandal” and “Grey’s Anatomy” creator Shonda Rimes inked a $US100 million deal with Netflix in August.
- Murphy’s tie-up with Netflix comes as his contract with 21st Century Fox nears its end. His move could be a significant loss for Fox, which announced in December that it would sell a number of its television production assets to Disney for $US52.4 billion.
Ryan Murphy, the producer behind the hit TV shows “Glee,” “American Horror Story,” and “Nip/Tuck,” has landed at Netflix in a five-year deal worth as much as $US300 million, The New York Times reported on Tuesday.
The deal represents the largest-ever for a television producer according to the The Times, and follows a $US100 million agreement the streaming service reached with “Scandal” and “Grey’s Anatomy” creator Shonda Rimes in August.
The Murphy-Netflix arrangement materialised as the producer’s current relationship with 21st Century Fox nears its end, and two months after Disney agreed to buy some of Fox’s television production assets for $US52.4 billion in December.
In a statement to The Times, Murphy said, “The history of this moment is not lost on me. I am a gay kid from Indiana who moved to Hollywood in 1989 with $US55 of savings in my pocket, so the fact that my dreams have crystallised and come true in such a major way is emotional and overwhelming to me.”
Bringing Murphy to Netflix also gives the company a potential edge over its streaming rivals, Hulu and Amazon. Hulu has beefed up its original offerings – most recently earning accolades for the drama, “A Handmaids’ Tale.” Hulu also swept the Emmys last year, and dealt a blow to Netflix by getting shows like “30 Rock,” which left Netflix in October, and the 1990s sitcom, “Will and Grace.”
Murphy officially moves to Netflix in July.
Business Insider Emails & Alerts
Site highlights each day to your inbox.