American Horror Story creator to call Netflix home in multimillion-dollar deal

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Netflix's latest content grab ushers the mind behind Nip/Tuck, Glee, and American Horror Story into the company. The streaming giant announced that it has penned an exclusive five-year film and series deal with writer-director-producer Ryan Murphy. According to some reports, the deal is worth as much as $300 million.

Murphy will officially start at Netflix on July 1, 2018. While most of the ideas Murphy will bring to Netflix users' screens are as yet unannounced, the company has already scored the rights to two of his forthcoming series: Ratched, a drama series about the notorious nurse from One Flew Over the Cuckoo's Nest, and The Politician, a comedy series that could star Barbra Streisand and Gwyneth Paltrow.

Despite the move to Netflix, Murphy will continue to oversee his shows currently in production on Fox and FX, as well as an upcoming FX drama series called Pose, which focuses on the transgender community in 1980s New York.

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