Los Angeles Times

Netflix flexes its muscle again as it spends big to lure top talent from networks

LOS ANGELES - With yet another mighty roar, Netflix sent a warning shot to the rest of the entertainment industry - landing a new multiyear deal with prolific TV producer Ryan Murphy, the man behind 20th Century Fox Television's "Feud," "American Horror Story," "Glee" and more. The deal - which some pegged at as much as $300 million - is the latest evidence of just how powerful the streaming giant has become at luring Hollywood's top talent away from established competitors.

The agreement, which was announced late Tuesday, adds another name-brand producer to Netflix's growing stable of hit makers. It also signals the company's willingness to splurge on big names as it continues to borrow heavily to fund its ambitious growth strategy,

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