Tags: ryan murphy | deal | netflix | disney

Ryan Murphy Inks Mammoth Overall Deal With Netflix

Ryan Murphy Inks Mammoth Overall Deal With Netflix
(Mohamed Ahmed Soliman | Dreamstime)

Wednesday, 14 February 2018 06:51 AM

In another shock to the traditional TV eco-system, prolific producer Ryan Murphy is moving to Netflix under a record-setting deal valued at $250 million-$300 million.

The showrunner has inked a multi-year overall deal to produce new series and films exclusively for Netflix.

The deal starts July 1, when his current deal with 20th Century Fox TV expires. Murphy's move comes as his longtime studio home of Fox begins a period of transition with its expected sale to Disney.

"Ryan Murphy's series have influenced the global cultural zeitgeist, reinvented genres and changed the course of television history. His unfaltering dedication to excellence and to give voice to the underrepresented, to showcase a unique perspective or just to shock the hell out of us, permeates his genre-shattering work," said Ted Sarandos, Chief Content Officer at Netflix. From 'Nip/Tuck' - our first licensed series - to 'American Crime Story: The People v. O.J. Simpson' and 'American Horror Story,' we've seen how his brand of storytelling captivates consumers and critics across the globe. His celebrated body of work and his contributions to our industry speak for themselves, and we look forward to supporting Ryan in bringing his broad and diverse stories to the world."

The deal is a blow to Disney. Murphy was personally courted by Disney chairman-CEO Bob Iger to join the enlarged studio. Murphy has been a reliable hitmaker for Fox and FX for more than a decade, and Iger had hoped to keep him in the fold.

"The history of this moment is not lost on me," said Murphy. "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."

Murphy's decision to set up shop at Netflix raises immediate questions about the future plans of Dana Walden, Fox Television Group chairman-CEO who has been closely associated with Murphy. Walden is also being courted by Disney, but there has been speculation that Murphy and Walden might set up shop together.

© 2018 Thomson/Reuters. All rights reserved.

   
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The showrunner has inked a multi-year overall deal to produce new series and films exclusively for Netflix.
ryan murphy, deal, netflix, disney
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2018-51-14
Wednesday, 14 February 2018 06:51 AM
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