Netflix signs Ryan Murphy in huge five-year deal

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Director Ryan Murphy participates in a panel for the FX Networks "The People v. O.J. Simpson: American Crime Story" during the Television Critics Association (TCA) Cable Winter Press Tour in Pasadena, California, January 16, 2016. REUTERS/Kevork Djansezian

Video streaming giant Netflix has announced that acclaimed television producer and director Ryan Murphy from FX is coming over to the company starting July. The streaming company signed Murphy in a humongous five-year deal that is reportedly worth up to $300 million, which makes it one of the largest-ever deals for a showrunner.

When Murphy joins Netflix, he will be exclusively producing original content for television and film, including two projects that are already in the works. The first one is a “One Flew Over the Cuckoo’s Nest” fan fiction titled “Ratched,” while the other one is called “The Politician,” a political satire that stars Tony-winning actor Ben Platt.

“I am awash in genuine appreciation for Ted Sarandos, Reed Hastings and Cindy Holland at Netflix for believing in me and the future of my company which will continue to champion women, minorities and LGBTQ heroes and heroines, and I am honored and grateful to continue my partnership with my friends and peers at Fox on our existing shows,” said Murphy.

Murphy is the man behind popular television projects like “Feud,” “American Horror Story,” and “Glee,” among others. When he leaves, his current shows will remain in FX, as well as the recently announced 1980s musical drama called “Pose.”

In December, Murphy expressed uncertainty about remaining at FX and 20th Century Fox following the news that the studio has been acquired by Disney. Murphy’s shows are known to have graphic and shocking content, as well as sexual and racial provocations, all of which do not fit Disney’s more family-oriented brand.

“The stuff I do is not Disney and I’m not interested in that and I’m concerned about that,” Murphy had said.

The new deal is a testament to Netflix’ power to lure top creative talent away from well-established television networks. Previously, Netflix signed “Grey’s Anatomy” and “Scandal” creator Shonda Rhimes from ABC in a contract that costs $10 million a year.