Inside Ryan Murphy’s Near $300 Million Netflix Deal

Credit: FameFlynet Pictures

Ryan Murphy is one of TV’s riches producers, following his new Netflix deal.

According to The Hollywood Reporter, “the man who once joked that he planned to be “buried” on the Fox lot announced he’d be leaving his longtime creative home for a five-year Netflix contract worth as much as $300 million.”

By far it’s the biggest deal in TV history. During his first meeting at the Netflix headquarters, Ryan said that executives let him in on some of the streaming company’s biggest secrets. “I left that meeting feeling that I had seen the future,” he said.

“When I landed at Fox, it was the first time I was allowed to lean into my eccentricities and my way of seeing the world,” Ryan says, “and I was rewarded for it over and over.” Then, Netflix and Amazon stepped in and offered Murphy dramatically more than Fox had. “They both realized, ‘OK, with this merger, there is an instability in his life,’ and they were right.”

“That’s when it started to get very emotional,” says Ryan, “because before it was just like, ‘Well, let me see what’s out there.’ And now, suddenly, it was like, ‘Wait, am I really going to leave this group of people?'”

Read the rest of the backstory at The Hollywood Reporter.