Another mega TV producer is leaving a longtime studio home to head to Netflix. In what is believed to be the biggest TV pact ever, Ryan Murphy, an Emmy, Golden Globe and Peabody Award-winning producer, director and writer, has signed an overall deal with Netflix, which could reach as high as $300 million, sources said. It starts July 1.Related Civil Rights Activist Dolores Huerta On The Power Of Women In 'Roma' - Guest Column
Under the five-year agreement, called “the deal of a lifetime for an artist of a lifetime” by one industry insider, Murphy and his Ryan Murphy Productions will produce new series and films exclusively at Netflix. Murphy is moving to Netflix, which also is home of top broadcast drama showrunner Shonda Rhimes, after a long stint at 20th Century Fox TV. He was one of the biggest names on the talent roster of the studio, which is poised to become part of Disney as part of the proposed acquisition, making his departure a blow to the combined entity.