AMC, Lionsgate and Mad Men creator Matthew Weiner have agreed terms for seasons five and six of the Emmy-winning drama.
This means that Weiner remains as 'Mad Men' showrunner, will earn about $10 million a year – but the bad news is that the protracted negations will delay season five until this time next year at least.
The deal was originally meant to be for three more seasons (5-7), but the cast hasn’t yet signed for a seventh season. Weiner is also telling media outlets that the seventh will be the show's final season .
"I want to thank all of our wonderful fans for their support," Weiner said in a statement. "I also want to thank AMC and Lionsgate for agreeing to support the artistic freedom of myself, the cast and the crew so that we can continue to make the show exactly as we have from the beginning. I’m excited to get started on the next chapter of our story."
"AMC’s original programming began with a mission to create bold storytelling of the highest quality, and 'Mad Men' was the perfect expression of that commitment," said AMC president Charlie Collier, in a statement.
"We’ve been proud to support this show from the day we read Matt’s ground-breaking pilot script and have loved building it with Matt and Lionsgate into the cultural phenomenon it has become.
"For everyone involved in the show and its passionate fans, we are thrilled to announce that the series will continue on AMC under the exceptional vision of Matt Weiner."