Ryan Murphy inks deal worth up to $300 million to move to Netflix
Source: The New York Times
The prolific producer has signed a five-year deal worth as much as $300 million to move from 21st Century Fox to the streaming service in what The New York Times is calling one of the biggest deals ever for a TV producer. The deal will hurt Disney, which reached a deal to acquire Fox in December. Murphy has been one of the 21st Century Fox's most prolific producers with hits ranging from American Crime Story to Nip/Tuck to Glee and American Horror Story. Last month, Murphy said he felt uncomfortable with Disney's takeover of Fox despite reassurances from Disney CEO Bob Iger, pointing out “point-blank the stuff I do is not Disney." The Times reports Amazon also courted Murphy, whose Fox deal expires this summer. “The history of this moment is not lost on me,” Murphy said in a statement. “I am a gay kid from Indiana who moved to Hollywood in 1989 with $55 in savings in my pocket, so the fact that my dreams have crystallized and come true in such a major way is emotional and overwhelming to me.” ALSO: Murphy's current shows aren't going anywhere.
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