Netflix to Stream "Mad Men"
Lions Gate Entertainment Corp., which produces the hit television series “Mad Men,” struck a deal with Netflix Inc. to stream all seven seasons of the critically acclaimed show about a 1960s advertising agency.
The deal is worth between $75 million and $100 million, people close to the situation said. That means Netflix is paying close to $1 million per episode of the series, which “Mad Men” creator Matthew Weiner said last week would run seven seasons. Each season has 13 episodes, which Lions Gate licenses to cable network AMC.
The new agreement marks the latest deal that Netflix has struck with a film and television studio. The company has recently inked a slew of deals to add new content to its streaming site, including one with Miramax, which includes “Pulp Fiction” and other iconic independent movies.