Netflix signs up 'Glee' producer Ryan Murphy

Refusing to slow its pace of dealmaking, Netflix announced tonight that it has a new "multi-year" agreement with producer Ryan Murphy, starting in July. Murphy has produced a string of hit series over the years, including Glee, Nip/Tuck, American Horror Story and Scream Queens. His contract with Fox is about to expire, and according to reports from the New York Times and Deadline, this began a bidding war that put the price of his five-year agreement at as much as $300 million.

Ryan Murphy:"The history of this moment is not lost on me, 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 t...