The Rivalry Between Netflix and Disney Just Got Hotter
It's shaping up as a battle royale between Netflix (NFLX) - Get Report and Disney (DIS) - Get Report, after the streaming service poached one of ABC's top showrunners.
Netflix has signed a multi-year deal with Shonda Rhimes, the creator Grey's Anatomy and Scandal, the group said early Monday, after Disney last week said it won't pull its content from the service.
Shonda Rhimes will bring her ShondaLand production company to Netflix under a multi-year deal to produce new series and other projects. Rhimes's long time producing partner, Betsy Beers will also move to Netflix. Shondaland has been based at Disney's ABC Studios, which has agreed to release her from a pact almost a year early.
Shondaland has created and produced shows including How to Get Away With Murder and Private Practice. The shows will continue to air on ABC in the U.S.
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