Shonda Rhimes Agrees To A $300 Million Contract With Netflix!

YourBlackWorld.net, By Ryan Steal, Posted August 2nd 2021

Shonda Rhimes, a famous screenwriter and author, surprised everyone in 2017 when she quit ABC and moved her talent to Netflix. After being there for about a year, she’s getting a big raise after agreeing to a new deal.

According to The Hollywood Reporter, Rhimes’ contract with Netflix has been extended. Her new Netflix contract now includes the creation of virtual reality, gaming content, and films. Their new agreement also consists of a branding and marketing deal for Shondaland Media, including live events and experiences. In addition, this new deal will keep her at Netflix for yet another five years as well as double her salary.

When the renowned American award-winning producer joined Netflix in 2017, she agreed to a contract worth between $100 million and $150 million. Currently, she’s valued in the range of $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 said in a statement as reported by 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.”

TED SARANDOS NETFLIX CO-CHIEF EXECUTIVE OFFICER AND CHIEF CONTENT OFFICER AND SHONDA RHIMES

Rhimes, who previously worked as an executive producer on ABC’s television series, has reshaped the television industry due to her Netflix contract. Bridgerton was her first show for the streaming service, and it has since become one of their most hit films. It has already been renewed for three additional seasons because of the overwhelming response. If you haven’t seen it yet, Bridgerton follows eight siblings as they attempt to discover love in London’s high society in the 1800s.

The 51-year-old American TV producer had initially informed The Hollywood Reporter that she decided to leave ABC for Netflix to produce videos without being inconvenienced.

“The reason I came to Netflix is that 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,” she said.

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