Ryan Murphy Will Make Shows (and Stupid Money) For Netflix

The 'Glee' and 'American Horror Story' creator will write, produce, and direct series and films for five years, to the tune of $300 million.

Ryan Murphy is gettin’ some of that Netflix money.

The writer/producer/director behind Glee, American Horror Story, American Crime Story, and Feud has inked a (deep breath) $300 million, five-year deal to produce new series and films exclusively for Netflix, effective this July. His next two original series, Ratched and The Politician, will premiere exclusively on the streaming service.

This means Murphy’s current, long-running deal with 20th Century Fox TV (which airs his shows on FX and the Fox network) will come to an end – much to the chagrin of the studio, which is in the midst of a complicated sale to Disney and had presumably pinned much of its value on Murphy and his properties. Both halves of the Disney/Fox merger had reportedly pursued Murphy aggressively, but ultimately lost out to Netflix’s deep pockets.

Those pockets also landed Shonda Rimes late last summer, which means Netflix now has two of the most prolific and commercially successful television-makers in the land on their payroll. RIP, broadcast TV, it was fun while it lasted.