AMC: It's Not TV, It's Rich People's TV

It has been noted that all political careers end in failure. So too must all show biz careers end in bombs. A shame AMC can't just quit while they're ahead, but then, that wouldn't be show biz.

• The Wrap writes of the challenges facing AMC in following up on the success of its two original shows, Mad Men and Breaking Bad. Since the pair of critical darlings launched, the network's development team has changed and this weekend's debut of The Prisoner marks the first try-out for the new execs, with two new series coming up behind it. While the kiniptions Mad Men provokes in the media have always been hugely disproportionate to its raw audience size, which is generally in the one to two million range, Men's success is due to a little fluke of its audience demographics. The Wrap notes that more than half of its viewers earn six figure incomes, making it pretty much the official show of American rich people. But while Men and Breaking are bringing in cash for the network, the piece notes that between them they can only produce 26 episodes a year, a long, long way from the sort of programming pipeline needed to take the network to the next level, revenue-wise. And what with the economic downturn, America's rich have a lot more time to dedicate to their Tivo's and their needs must be fed. [The Wrap]

Fox has re-signed Emma Watts to serve as its President of Production for the next three years, a move which Variety says, "keeps Fox as a bastion of stability at a time when studios are rife with executive shakeups." [Variety]

Charlie's Angels may be coming home to the little screen. ABC is reportedly on the brink of a deal to bring the story of three little girls who went to the police academy back full circle to where it all began for them. Josh Friedman, who wrote Fox's Terminator:The Sarah Connor Chronicles is on board to executive produce the show. And now they work for him. [Variety]

• American box offices are bracing this weekend for a medium to large-sized tsunami of cash unleashed by the release of 2012. The disaster epic is expected to take in between $50 - $55 million this weekend with no other major film entering wide release against it. The film enters the marketplace with a Rotten Tomatoes score of 38 which The Wrap points out is an improvement over the 9 percent positive rating of director Roland Emmerich's previous film 10,000 B.C. [The Wrap]

• The Vice-Chairman of Lions Gate said that his company would be interested in buying MGM but "It's all about price," that is, if they can get the James Bond franchise for very little money, sure they'd be happy to do that. While trumpeting the news the LA Times makes the "imagine that/you don't say" point that, every company in Hollywood would be willing to absorb MGM and Bond if they can get them for nothing or next to it. [LA Times]

The Who have been booked to entertain tens of millions of drunken, nacho-engorged football fans when they play the halftime show of this season's Superbowl. [Hollywood Reporter]

• Despite SAG's rejection of proposed terms, AFTRA's membership ratified a new contract with video game makers, taking a 2.5 percent pay raise for its actors. [Hollywood Reporter]