US TV producer Ryan Murphy is leaving FX and 20th Century Fox after signing an enormous five-year deal with Netflix.
It was announced last night (February 13) that the American Horror Story creator had struck a deal with the streaming service, and will move over to Netflix when his current contract ends in July.
Now, The New York Times report that it’s the biggest ever overall deal for a showrunner – worth up to a staggering $300 million.
Murphy will produce films and series’ for the platform as exclusive Netflix Originals. Two projects are already in production, in the form of Ratchet – based on One Flew Over The Cuckoo’s Nest fan fiction – and The Politician.
“Ryan Murphy’s series have influenced the global cultural zeitgeist, reinvented genres and changed the course of television history,” said Ted Sarandos, Chief Content Officer at Netflix. “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.
“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.”
Murphy’s previous collection of entertainment, including American Horror Story, will remain on the FX network.
The next series of the horror anthology show is expected to air later this year, following 2017’s Cult.