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Netflix lures Ryan Murphy in deal mentioned to be price as a lot as $300 million

Netflix has gained yet one more battle in opposition to outdated Hollywood.

On Tuesday night time, the Los Gatos firm introduced that it had poached hit-making producer Ryan Murphy from 21st Century Fox.

The five-year deal is price as a lot as $300 million, based on two folks with data of the settlement, who spoke on the situation of anonymity to debate non-public negotiations. That might be one of many largest offers ever made for a tv producer.

Whereas the settlement will disappoint the studio the place Murphy has spent most of his profession, it additionally delivers a critical blow to the Walt Disney Co., which reached a deal in December to amass most of 21st Century Fox for $52.four billion.

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