Ryan Murphy to Join Netflix in Massive Five-Year Deal

Netflix has lured producer Ryan Murphy away from 21st Century Fox with a five-year deal reportedly worth as much as $300 million, one of the biggest deals ever for a TV producer. Murphy, whose hits like Glee and American Horror Story ginned up huge ratings, is due to move to Netflix in July, after his contract with Fox expires. Fox executives reportedly sought to keep him around, and he was viewed as a potential boost for Walt Disney Co. once the studio takes over most of Fox’s assets. “This history of this moment is not lost on me,” Murphy said in a statement Tuesday. “I am a gay kid from Indiana who moved to Hollywood in 1989 with $55 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.”