It looks like Ryan Murphy is leaving the world of broadcast and cable television behind.
Netflix has reached an enormous deal thought to be worth $300 million to have the producer defect from 21st Century Fox to the world of streaming television.
According to The New York Times, the deal will find Murphy producing new movies and TV shows exclusively for Netflix.
“This history of this moment is not lost on me,” Mr. Murphy said in a statement.
“I am a gay kid from Indiana who moved to Hollywood in 1989 with $55 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.”
Neither of these shows will be affected by Murphy's leaving 21st Century Fox.
The move is unprecedented, but it makes sense.
Netflix famously poached Shonda Rhimes (creator of Grey's Anatomy & Scandal) from ABC studios just six months ago in a deal that was thought to be worth over $100 million.
Murphy already had a relationship with Netflix before the news of the deal dropping. He currently has a Nurse Ratched series in the works, and Sarah Paulson is set to lead the cast.
Netflix handed out a two-season order to the series last September.
While this is a good thing for fans of Ryan Murphy because Netflix shows release all the episodes at once, it could also spell a more significant change in the TV industry.
With streaming giants becoming bigger players, they will likely only be getting more powerful by taking some of the biggest talent from the broadcast and cable networks.
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Paul Dailly is a staff writer for TV Fanatic. Follow him on Twitter.