Netflix Inc. signed a multiyear contract with Shonda Rhimes, poaching the creator of the hit TV series “Scandal” and “Grey’s Anatomy” from Walt Disney Co.’s ABC network.

Rhimes will produce new series and other projects, the companies said in a statement on the Netflix website. She will continue her existing work with ABC, but all new developments by her Shondaland production company will be for Netflix, the world’s largest paid online video service.

Looking to steal viewers from traditional TV, streaming services Netflix and Inc. are spending billions of dollars making shows and movies, and luring top talent. Last week, Netflix signed former CBS talk-show host Dave Letterman, while Amazon cinched a deal with Robert Kirkman, who created “The Walking Dead” graphic novels that are now a long-running hit on AMC.

more at