Ryan Murphy has inked a deal with streaming giant Netflix.

The award-winning producer, whose catalogue of shows includes Glee and American Horror Story, is the latest to make the jump from traditional television to online streaming, with a deal that could reach $300 million, according to Deadline.

Previously, Netflix has bagged Shonda Rhimes, creator of How To Get Away With Murder and Scandal; Marta Kauffman, a co-creator of Friends and Grace And Frankie; and Jenji Kohan, the mind behind Weeds and Orange Is The New Black.

The five-year deal, which starts on 1 July, will see Murphy create brand new shows and movies exclusively for Netflix, although his existing shows with Fox, including American Crime Story and Feud, will continue.

“Ryan Murphy’s series have influenced the global cultural zeitgeist, reinvented genres and changed the course of television history,” said Ted Sarandos, chief content officer at Netflix.

“From Nip/Tuck – our first licensed series – to American Crime Story: The People v O.J. Simpson and American Horror Story, we’ve seen how his brand of storytelling captivates consumers and critics across the globe.”

Related: Ryan Murphy reveals that his father beat him “bloody with a belt” when he came out

Two new Murphy shows have already been bagged by Netflix – Ratched, a prequel to classic movie One Flew Over The Cuckoo’s Nest; and The Politician, a political satire musical series starring Gwyneth Paltrow and Barbra Streisand.

“The history of this moment is not lost on me,” said Murphy in an official statement.

“I am a gay kid from Indiana who moved to Hollywood in 1989 with $55 dollars in savings in my pocket, so the fact that my dreams have crystallised and come true in such a major way is emotional and overwhelming to me.

“I am awash in genuine appreciation for Ted Sarandos, Reed Hastings and Cindy Holland at Netflix for believing in me and the future of my company which will continue to champion women, minorities and LGBTQ heroes and heroines, and I am honoured and grateful to continue my partnership with my friends and peers at Fox on our existing shows.”

In other Murphy news, another brand new series called Pose is expected to debut on FX this summer.

The series will be set in 1986 and “examines the juxtaposition of several segments of life and society in New York City: the emergence of the luxury Trump-era universe, the downtown social and literary scene and the ball culture world”.

Ball culture refers to an underground LGBT+ subculture in the United States, especially prominent in New York City in the 80s, where queer people compete for trophies and prizes at events known as balls.

As with the majority of Ryan’s other shows, including Nip/Tuck and the campy musical hit Glee, we’re expecting Pose to feature plenty of LGBT+ characters that will surely make the show a queer favourite.

Unlike his other shows, however, Pose is expected to star “largely new and unknown performers”.