Netflix Signs Producer Ryan Murphy to Multimillion-Dollar Deal

Murphy produced ‘Glee’ and ‘American Horror Story,’ among other shows

In the latest sign of the escalating battle for talent in the entertainment industry, Netflix Inc. signed producer Ryan Murphy to a multiyear, multimillion-dollar deal to create content exclusively for the streaming service starting this July.

Terms of the pact weren’t disclosed, but people familiar with the matter said the production agreement runs for five years and has an estimated value of $300 million. Mr. Murphy is currently based at 21st Century Fox Inc., which bid aggressively to retain his services as he has created...

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