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There’s good news on the Mad Men front. Negotiations between series creator Matthew Weiner, AMC and Lionsgate have concluded. Of course, we have a year to celebrate this while we wait for Season 5, but the bright side is that Weiner signed a long-term deal with Lionsgate, which extends to Season 7, should the show reach that point.

Mad Men follows an advertising agency in New York City, in the ‘60’s. The drama series, which features much of the fashion, pop-culture and shifting social climate of the day, focuses mainly on Don Draper, a confident ad-man who juggles his family, his career and his love of liquor, cigarettes and beautiful, perfectly dressed, usually younger women. The series’ fifth season has been delayed due to ongoing contract negotiations between Weiner, AMC and Lionsgate but it looks as though a deal has been struck.

AMC issued a press release today, which states that Weiner’s locked in for Seasons 5 and 6, both of which are a go. He’ll also be on board to write Season 7 should the show reach that point. That would be looking very far ahead though, considering Season 5 isn’t set to begin airing until 2012. Still, it’s good to know things have been ironed out.

“I want to thank all of our wonderful fans for their support." said Weiner. "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.”