Shonda Rhimes Leaving ABC For Netflix
Shondaland is headed to Netflix!
Shonda Rhimes is ending her 15-year relationship with ABC Studios after inking a major multi-year production deal with Netflix.
Financial terms of the deal were not disclosed Rhimes was earning an estimated $10 million a year under her previous ABC Studios pact. Netflix undoubtedly is paying a premium to Rhimes and in overhead for Shondaland to bring her into the fold under the exclusive deal. The complicated deal is believed to include innovative backend profit definitions for Rhimes to accommodate for the lack of syndication opportunities for programs produced for Netflix’s global platform. The deal was hammered out by Rhimes’ longtime reps at ICM Partners and attorney Michael Gendler.
The deal has been in the works for months. Rhimes’ existing pact with ABC Studios had been set to expire in June 2018. It’s understood that Rhimes let the studio know some time ago that she intended to move on after the deal ended — not to a direct broadcast competitor but to a new chapter of her career. At that point, discussions ensued to allow Rhimes an early exit from the deal.
The Shondaland operation is expected to remain based out of Sunset Gower Studios in Hollywood, where “Scandal” and “How to Get Away With Murder” are shot.
“Shondaland’s move to Netflix is the result of a shared plan Ted Sarandos and I built based on my vision for myself as a storyteller and for the evolution of my company,” said Rhimes in a statement. “Ted provides a clear, fearless space for creators at Netflix.”
“I am a huge fan of the talented team and amazing programming at Netflix,” said Beers. “The ability to create content for our new partners is an exciting challenge. I am grateful to everyone at ABC for their continued support and I look forward to beginning this next chapter at Netflix.”
The network and studio arms of ABC issued statements thanking Rhimes for her work for the Disney-owned TV properties, and assuring that the “TGIT” lineup is to continue airing. ” I’m proud to have given a home to what have become some of the most celebrated and talked about shows on television,” said ABC Entertainment president Channing Dungey. “With the launch of a new season upon us, fans can rest assured that TGIT remains intact and will be as buzzed about as ever.”
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