Top Producer Ryan Murphy Leaves Netflix for Major Deal with Disney

Ryan Murphy, creator of hit shows like Glee and American Horror Story, is leaving Netflix after five years to sign a new deal with Disney.
Murphy's Netflix contract expires at the end of June and he has spent the past year negotiating with Disney.
The move reunites Murphy with former colleague Dana Walden, now co-chairman of Disney Entertainment, who oversaw his work at 20th Century Fox.
Murphy's shows for Netflix struggled to match the success of his Fox hits, which earned him six Emmys.
The deal comes as Disney cuts costs for its streaming platforms while competition in the streaming industry intensifies.