Netflix has announced that they’ve entered a multi-year agreement with Ryan Murphy and his production company, to create new series and films for the streaming service.

Murphy has previously created, written and produced shows such as Glee, American Horror Story, Nip/Tuck and American Crime Story: The People v. O.J. Simpson. 

According to the New York Times and Deadline, the five-year agreement is said to be worth $300 million USD.

Here’s what Ryan Murphy had to said about the news:

“The history of this moment is not lost on me,” said Murphy. “I am a gay kid from Indiana who moved to Hollywood in 1989 with $55 dollars in savings in my pocket, so the fact that my dreams have crystallized and come true in such a major way is emotional and overwhelming to me. 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.”

The deal will begin on July 1st, 2018.

“Ryan Murphy’s series have influenced the global cultural zeitgeist, reinvented genres and changed the course of television history. His unfaltering dedication to excellence and to give voice to the underrepresented, to showcase a unique perspective or just to shock the hell out of us, permeates his genre-shattering work,” said Ted Sarandos, Chief Content Officer at Netflix. From Nip/Tuck – our first licensed series – to American Crime Story: The People v. O.J. Simpson and American Horror Story, we’ve seen how his brand of storytelling captivates consumers and critics across the globe. His celebrated body of work and his contributions to our industry speak for themselves, and we look forward to supporting Ryan in bringing his broad and diverse stories to the world.”

The first two original series that Murphy is working on for Netflix include, Ratched and The Politician. 

Source: Netflix

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