Celebrated Television-Producer, Screenwriter, and Author Shonda Rhimes’ executive decision to leave ABC has worked out generously in her favor. Rhimes signed a contract with Netflix for $300 million after being with the popular digital steaming platform since 2017.
Rhimes’ contract has reportedly been broadened with more opportunities in store. The updated contract with Netflix also includes creating virtual reality, gaming content and films. The deal also has a branding and merchandising opportunity for Shondaland Media. Rhimes can now curate live events and experiences. The agreement with Netflix includes five additional years with twice the earnings.
When Rhimes joined Netflix in 2017, she signed a contact that was between $100 million and $150 million. Now, her deal is between $300 million to $400 million.
“When Ted [Sarandos] and I decided to break the traditional network TV business model to move Shondaland to Netflix, we were both taking a leap into the unknown,” Rhimes reportedly said in a statement. “Today, Shondaland at Netflix is creatively thriving, profitable as an asset and engaging audiences around the world with stories that fearlessly challenge viewers and keep them highly entertained all at once.”
Rhimes’ Netflix original series ‘Bridgerton’ played a huge role in her new deal. The series is renewed for 3 more seasons.
Rhimes stated she left ABC for Netflix so she can create content without being “bothered.”
“The reason I came to Netflix because I wanted to be able to make television without anybody bothering me … and as long as I get to keep making television without anybody bothering me, I’m happy.”