Disney Looks To Rope In Famed TV Producer Ryan Murphy From Netflix

Walt Disney Co DIS continues to witness high-profile entry and exit of officials. The company is amid discussions to swoop television producer Ryan Murphy from Netflix Inc NFLX, known for hit franchises like "American Horror Story" and "Monster: The Jeffrey Dahmer Story."

Murphy's 5-year deal with Netflix expires at the end of June, the New York Times cites familiar sources.

No deal is likely pending the resolution of the screenwriters' strike in Hollywood.

Also Read: From Screen to Stream: Disney Axes Titles and Jobs in Multi-Billion Dollar Cost-Cutting Crusade

A deal with Disney would formally reunite Murphy with executives he worked closely with for over a decade. 

Murphy, who continued making shows for Disney even though he was under contract with Netflix — would likewise continue to produce shows for Netflix after a move to Disney.

A separate report indicated Disney's chief diversity officer and senior vice president, Latondra Newton, is leaving her role after more than six years.

Newton plans to join the corporate board of another company and focus on the creative company she owns, Reuters cites familiar sources.

Julie Merges, the senior vice president of talent acquisition, will manage Newton's responsibilities interim.

Last week Disney's CFO disclosed plans to step down with veteran Kevin Lansberry to take charge as the interim CFO, effective July 1. McCarthy joined Disney in 2000 as Treasurer and became CFO in 2015.

Price Action: DIS shares traded lower by 1.34% at $88.45 on the last check Wednesday.