Shonda Rhimes Inks $300 Million Deal With Netflix

by Duchess Magazine
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Shonda Rhimes Inks $300 Million Deal With Netflix

From Grey’s Anatomy, Private Practice and  Scandal, over and over again American television producer, screenwriter, and author Shonda Rhimes has proved she’s a force in the entertainment and beyond and there’s no stopping her.

Recent reports say the show-runner has signed a mouthwatering new contract with streaming giant Netflix, expanding her deal for another five years. According to The Hollywood Reporter, the new contract will space on to five years bringing in double cash flow as well as require her signing on to create virtual reality, gaming content and films.

Their new agreement, inclusive of branding and merchandising deal for Shondaland Media which will expect coverage of live events and experiences is said to bring in about the $300 million to $400 as compared to back in 2017 when she joined Netflix she earned $100 million and $150 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 said in a statement according to THR. “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.”

Bridgerton, one of the first show that Rhimes brought to the streaming service is now one of their most successful shows ever.

Rhimes previously told The Hollywood Reporter that she left ABC for Netflix so she could 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.”

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