GLEE's Ryan Murphy Makes $24M Deal with Fox

Perez Hilton reports that 'Glee' creator and executive producer Ryan Murphy is finalizing a four-year deal with 20th Century Fox worth $24 million. It will include profits from 'Glee' music, merchandise, and touring productions. The deal could net Murphy up to $10 million per year if 'Glee' continues its current rate of success.

Also reported is the fact that Murphy holds the option to turn 'Glee' into a musical. There is no word on whether or not this musical would be for the stage or screen, or whether Broadway is on the horizon.

Television's most award-winning new series, GLEE was recently honored with 19 Emmy nominations; a Peabody Award; a Golden Globe for Best Television Series, Comedy or Musical; a Screen Actors Guild Award for Outstanding Performance by an Ensemble in a Comedy Series; and a People's Choice Award for Favorite New TV Comedy. The music from GLEE is an international sensation with "Glee: The Music, Volume 1" and "Glee: The Music, Volume 2" topping charts in Australia, the U.K., New Zealand, Ireland and Canada. In the U.S., over 4.5 million songs have been downloaded, and both albums have been certified Gold for sales in excess of 500,000 units.

GLEE follows an optimistic teacher who - against all odds and a malicious cheerleading coach - inspires McKinley High's Glee Club to conquer the world one singing competition at a time. GLEE stars Dianna Agron, Chris Colfer, Jessalyn Gilsig, Jane Lynch, Jayma Mays, Kevin McHale, Lea Michele, Cory Monteith, Matthew Morrison, Amber Riley, Mark Salling and Jenna Ushkowitz.

GLEE is produced by Ryan Murphy Television in association with 20th Century Fox Television. Ryan Murphy, Brad Falchuk and Ian Brennan are co-creators of the series. Murphy, Falchuk and Dante di Loreto serve as executive producers, while Ian Brennan serves as co-executive producer.