Hollywood 2018: Ryan (Feud) Murphy Moves to Netflix

Ace producer Ryan Murphy is moving to Netflix under a record-setting deal valued at $250 million-$300 million.

The five-year pact calls for the showrunner 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 studio home of Fox begins a period of transition with the expected sale of 20th Century Fox and FX Networks cable group 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 Netflix Chief Content Officer Ted Sarandos. “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.”