Mad Men: Advertising That Would Change America
After a 17-month hiatus, millions of fans of the popular TV series Mad Men finally have another reason to linger at the water cooler. This Sunday, March 25, the two-hour premier of the fifth season comes with high expectations and a lot of pressure. Have the show and its producers jumped the shark? The retro-drama about an ad firm set on Madison Avenue in the 1960s has racked up 17 Emmys and four Golden Globes, and last year its creator, Matthew Weiner, renegotiated a contract with American Movie Channel (AMC) and Lionsgate for $30 million to create three more seasons.
Jon Hamm, who stars as Don Draper, the firm’s hard-charging creative director, is now reportedly earning eight figures for the three-year deal he signed last year, making him one of the top-earning actors on cable television. According to Miller Tabak & Company, Lionsgate gets about $2.71 million from AMC for each episode, which costs about $2.84 million to produce. In April 2011, Barron's reported that “the Mad Men series should generate $100 million of DVD and iTunes revenue for its seven-year run, which should total 88 episodes; this equates to $1.14 million per episode, taking the profitability up to $1.01 million per episode.”