- 'Mad Men' to leave Netflix on June 9 after nine years on the streamer.
AMC’s Mad Men departs from Netflix on June 9. Despite seeing a surge of demand in households in quarantine amid the COVID-19 pandemic, Netflix has opted to not renew license streaming rights on the seven season, 92-episode, American period drama.
Mad Men first ran on AMC cable network from 2007 to 2015. In 2011, Netflix bid and secured a deal on the series at nearly $1 million an episode. To date, Mad Men has been on the streamer nearly a decade.
Kevin Beggs, President of Lionsgate Television Group, announced to be looking for bids for the international and domestic rights to the series, in short, a new home for the drama.
Beggs proved confident when speaking to Wall Street analysts via a conference call about a forthcoming deal. Jim Packer, President of Lionsgate Worldwide Television Distribution and Digital, and his group have “been in a four-month sales process, which has gone really well and exceeded our expectations and probably benefited from the COVID suspension and the lack of fresh originals coming,” said Beggs. “Nothing to comment on officially yet, but it’s coming together nicely, and we think we’re going to have very good news to report.”
Netflix recently inked a deal for rights to Seinfeld at $500 million. HBO MAX also spent about $900 million for rights to Friends. To add, earlier this month, Bloomberg reported that Apple TV+ considered adjusting its strategy and will pursue the acquisition of older movies and television series to build its programming library and compete against major streamers such as Netflix, Disney+, Hulu, and Amazon Prime Video.
Beggs added that the series can find a home on their acquired platform Starz but stated that the company is “evaluating in a free-market fashion what may be good for Starz versus other buyers in terms of getting top dollar for our participants and our shareholders.” As such, the series is open to any platform that would pay for the global rights and is not exclusive to the Starz platform.
Created by Matthew Weiner and produced by Lionsgate Television, the award-winning period drama Mad Men uncovers the lives of the ruthless, ego-driven, traditional and glamorous men and women of Madison Avenue in the 1960’s. Revolving around the “Golden Age” of the advertising world and garnering fortune by making an art of the sell, the story follows Don Draper’s conflicting world at home and at Sterling Cooper Draper Pryce Advertising Agency, where he struggles to stay ahead of the young executives and fast changing times. Jon Hamm, Golden Globe winner, leads the series as the advertising game changer Don Draper, along with Vincent Kartheiser, Elisabeth Moss, and January Jones.