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Netflix has made a deal to bring prolific producer Ryan Murphy into the fold to create a bunch of binge-able series and movies. The five-year deal is reported to be worth $300 million. It's the streaming giant's latest move to book top-level talent. Less than a year ago, Netflix signed an estimated $100 million four-year deal with Shonda Rhimes. The company is clearly doubling down on original content.

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Follow Renata Sago at @@renatasago