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Given the critica, awards and ratings success for Julian Fellowes' Downton Abbey, it seemed like it was only a matter of time before we saw network television making more period dramas. And sure enough, NBC is looking to develop a show set in the late 1800's. And who better to tackle such a project than Fellowes?

According to EW, NBC has tapped Downton Abbey creator Julian Fellowes to write and produce The Gilded Age, a drama described as an "epic tale of the princes of the American Renaissance, and the vast fortunes they made — and spent — in late 19th-century New York."

The description really only offers us a general idea of the setting, with no real hint about the characters beyond the fact that they're rich. Still, it's a start and an intriguing one at that, especially when you consider Downton Abbey and how wealth factors into the ITV/PBS Masterpiece series. Suffice to say, Fellowes has proven he knows how to manage a period drama involving wealthy characters (and not so wealthy ones too), so it's exciting to hear he'll be lending his talent to another one. And the New York setting not to mention the time period only adds to that.

Just last week, we learned that Downton Abbey was renewed for Season 4. From what EW says, Fellowes will continue working on the series while he develops this new project for NBC. Season 3 of Downton Abbey has already aired in the U.K. and it's set to arrive on PBS Masterpiece on this side of the pond on January 6.