Netflix's five-year deal with Glee's Ryan Murphy is worth $400m

Ryan Murphy has signed a five-year deal with Netflix. Photo/Getty

Ryan Murphy has called his five-year, US$300 million (NZ$407m) Netflix deal "emotional and overwhelming".

The Glee creator will leave 20th Century Fox Television in July after inking a huge deal with the streaming service and he admitted he is overcome with emotion at how far he has come.

He 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 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 honoured and grateful to continue my partnership with my friends and peers at Fox on our existing shows."

Ryan has found huge success with his shows, including Nip/Tuck, Glee, Scream Queens, and the American Crime Story and American Horror Story franchises and Netflix is thrilled to have signed him up.

Chief Content Officer Ted Sarandos said: "Ryan Murphy's series have influenced the global cultural zeitgeist, reinvented genres and changed the course of television history. His unfaltering dedication to excellence and to give voice to the underrepresented, to showcase a unique perspective or just to shock the hell out of us, permeates his genre-shattering work."

Murphy becomes the latest super-producer to join the network, after Shonda Rhimes recently left ABC for Netflix in a reported US$100 million deal.