Tuesday, March 6, 2018

Netflix Poaches Ryan Murphy With an Insane $300 Million Deal

Apparently when it comes to Netflix, the price is no object.

The streaming giant locked down another major writer-producer known for creating ground-breaking and critically acclaimed hits for other networks. Yes, we are talking about Netflix snatching up Ryan Murphy with an exclusive five-year deal that’s valued at $300 million according to The New York Times.

The prolific producer’s lucrative deal with Netflix comes after his contract with 21st Century Fox ends in July 2018. By jumping ship to Netflix, Murphy will now be able to not only create new TV shows, but he will also dabble in creating film content.

Seriously, can Murphy just focus on a single project at a time? It’s like he can’t function unless he’s got a bajillion things in the works simultaneously.

It’s not surprising that Netflix was able to poach Murphy, given that Shonda Rhimes also moved her TV real estate to the streaming service last year. However, Murphy’s massive agreement is being dubbed as a deal of a lifetime.

“The history of this moment is not lost on me,” Murphy explained in an official statement. “I am a gay kid from Indiana who moved to Hollywood in 1989 with $55 dollars 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. I am awash in genuine appreciation for Ted Sarandos, Reed Hastings, and Cindy Holland at Netflix for believing in me and the future of my company which will continue to champion women, minorities, and LGBTQ heroes and heroines, and I am honored and grateful to continue my partnership with my friends and peers at Fox on our existing shows.”

Interestingly, Murphy is taking the leap after 20th Century Fox — which has been his production company’s home for many years — was acquired by Disney. So this move is definitely telling. It’s no secret that Netflix will allow Murphy to retain more creative control since he brings a very unique brand of flavor to all of his projects. Plus, who wants to see a Disney playhouse version of American Horror Story