Grey's Anatomy creator Shonda Rhimes is set to produce a new series for Netflix after signing a lucrative deal with the streaming behemoth.

It was announced on Sunday (13 August) that the critically-acclaimed showrunner, who is behind hit shows like Scandal and How To Get Away With Murder, had ended her 15-year partnership with ABC studios and will bring her talents to Netflix.

According to The Wall Street Journal, she stands to earn $10m (£7.8m) per year.

Netflix chief content officer Ted Sarandos said in a statement that the company, which currently has 104 million subscribers in over 190 countries, was "excited" about welcoming Rhimes to the team.

"Shonda Rhimes is one of the greatest storytellers in the history of television," he said

"Her work is gripping, inventive, pulse-pounding, heart-stopping, taboo-breaking television at its best. I've gotten the chance to know Shonda and she's a true Netflixer at heart — she loves TV and films, she cares passionately about her work, and she delivers for her audience."

Rhimes will be accompanied by longtime producing partner, Betsy Beers and the duo will produce new projects under her Shondaland banner. The operation is expected to remain based out of Sunset Gower Studios in Hollywood and fans of ABC dramas Grey's Anatomy, Scandal and How to Get Away With Murder will be happy to know that they will continue to air on the network.

The move offers a chance for Rhimes to flex her creative muscles in a variety of genres and formats away from traditional broadcast TV. She said in a statement that it was" based on my vision for myself as a storyteller and for the evolution of my company," and she was confident that "our current shows will continue to thrive on ABC and Shondaland will be there every step of the way".

"The future of Shondaland at Netflix has limitless possibilities," she added.