2018-02-14 03:37:51 UTC
Netflix Lures Ryan Murphy in Deal Said to Be Worth Up to $300 Million
By JOHN KOBLIN
The streaming giant Netflix has won yet another battle against old
On Tuesday night, Netflix announced that it had poached the hit-making
producer Ryan Murphy from 21st Century Fox.
The five-year deal is worth as much as $300 million, according to two
people with knowledge of the deal, who spoke on the condition of
anonymity to discuss private negotiations. That would be one of the
biggest deals ever made for a television producer.
While the agreement will come as a disappointment to the studio where
Mr. Murphy has spent most of his career, it also delivers a serious
blow to the Walt Disney Company, which reached a deal in December to
acquire most of 21st Century Fox for $52.4 billion.
Mr. Murphys contract with Fox expires in the summer, and he will make
the move to Netflix in July.