Lynette Rice
January 17, 2009 AT 09:30 AM EST

Crisis averted on Mad Men. Trade reports confirm that Mad Men creator and exec producer Matthew Weiner has closed a two-year deal with Lionsgate that’ll keep the Emmy- and Golden Globe-winning scribe on the AMC drama for seasons 3 and 4.

For months, Mad Men’s fate seemed uncertain because Lionsgate had yet to close a deal with Weiner, whose previous pact expired at the end of the show’s second season in October. Then word surfaced that Weiner was taking meetings at competing studios while Lionsgate was not-so-quietly looking for his replacement. Now it won’t have to; one source familiar with the talks said Lionsgate was prepared to pay Weiner $8 million over two years to keep him on the show that has singlehandedly put AMC back on the map. The cable network also reportedly stepped up to help fund Weiner’s new deal.

Mad Men just won a Golden Globe last Sunday for Best TV Drama, almost four months after it won an Emmy in the same category last September.

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