The deal, reported by The New York Times, will mark the most lucrative deal ever for a producer. Shonda Rimes recently made a $100 million deal with Netflix.
Ryan Murphy, the producer behind the hit TV shows "Glee," "American Horror Story," and "Nip/Tuck," has landed at Netflix in a five-year deal worth as much as $300 million, The New York Times reported on Tuesday.
The deal represents the largest-ever for a television producer according to the The Times, and follows a $100 million agreement the streaming service reached with "Scandal" and "Grey's Anatomy" creator Shonda Rimes in August.
The Murphy-Netflix arrangement materialized as the producer's current relationship with 21st Century Fox nears its end, and two months after Disney agreed to buy some of Fox's television production assets for $52.4 billion in December.
In a statement to The Times, Murphy said, "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 of 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."
Bringing Murphy to Netflix also gives the company a potential edge over its streaming rivals, Hulu and Amazon. Hulu has beefed up its original offerings — most recently earning accolades for the drama, "A Handmaids' Tale." Hulu also swept the Emmys last year, and dealt a blow to Netflix by getting shows like "30 Rock," which left Netflix in October, and the 1990s sitcom, "Will and Grace."
Murphy officially moves to Netflix in July.