ryan murphy getty 320 'Glee': Ryan Murphy gets a huge new deal“Glee” is about to make Ryan Murphy a very wealthy man.

Murphy, who co-created the show with Ian Brennan and Brad Falchuk, is on the verge of signing a fat new contract with “Glee” producer 20th Century Fox TV. The deal ensures his continued work on the series — which has already been renewed through 2011-12 — and development of new TV projects and also covers music and live productions.

According to Deadline.com, the new contract will pay Murphy $24 million over four years, with the potential to make a lot more. That’s because it also includes a piece of the profits from album sales and downloads of the music from “Glee,” retroactive to the beginning of the show, as well as cuts of revenue from merchandising and the show’s live tour.

Four “Glee” soundtracks were released during the show’s first season, and all four reached the top five in the Billboard 200. Two of them hit No. 1. The show also produced seven top 40 singles — all of which means that Murphy will get a very nice chunk of change from the music end of the show. (He’s credited as the executive music producer on the show.)

The new contract also gives him the option to develop a “Glee”-based Broadway show, which given the show’s subject matter and rabid fan base seems pretty much like a no-brainer.

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Posted by:Rick Porter