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Ryan Murphy’s move to Netflix is reverberating around the industry, spurring much discussion about the size of the deal and the impact on the studios and networks he leaves behind.
Murphy’s five-year deal is said to be worth as much as $250 million-$300 million over the term — an astronomical sum that dwarfs the offers that traditional TV networks and studios could reasonably field. To land the most prolific producer working in TV today, Netflix committed to rich guarantees and funding of overhead costs for his sizable Ryan Murphy Productions operation, as well as Murphy’s top-shelf fees for his work as a writer, director, and producer on his shows.
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The high end of that valuation incorporates financial escalators built into the agreement that will kick in if Murphy-produced shows reach certain viewership targets. It also includes money that will flow in on top of the checks written by Netflix, namely Murphy’s share of anticipated future profits from series he has on the air or in the works through his previous studio pact at 20th Century Fox TV, where he has been based since 2003. Murphy has been a reliable hitmaker for FX and Fox for the past decade, starting with “Glee,” and most recently with the procedural “9-1-1.”
There’s no doubt that the loss of Murphy to a Netflix exclusive pact is blow for FX, which has four Murphy series on its slate at present.
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“For more than 15 years, we have enjoyed an outstanding partnership with Ryan Murphy and we look forward to continuing that relationship on our four shows under his creative leadership,” FX Networks CEO John Landgraf said in a statement. “With more than 20 scripted original series on our schedule or upcoming, FX has a very successful track record of identifying and developing talented writers who have produced award-winning hit...
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