Tina Fey Inks Four-Year Overall Deal with Universal Television

DOWN: Tina Fey
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"30 Rock" is shut out at the Globes as ratings for the show's fifth-season premiere drop 31 percent from last year, its worst bow to date. Whuck!?

The news comes as Fey, an immensely valuable asset to NBCUniversal, is set to conclude her long-running comedy vehicle, "30 Rock."

Tina Fey will stay put in the TV business.

The creator, producer and star of NBC's 30 Rock has inked a four-year overall deal with the series' studio, Universal Television, The Hollywood Reporter has confirmed. As part of the pact, Fey will be tasked with developing new projects with the potential to star in one.

PHOTOS: '30 Rock' Behind the Scenes

The move comes just weeks before 30 Rock begins its abbreviated seventh and final season. Although it has never proved a ratings magnet for sibling NBC, the show-within-a-show series has delivered a substantial mix of awards and acclaim. In fact, 30 Rock won the best comedy Emmy for its first three seasons on the air, and has been nominated every year it's been eligible. But the show has been upstaged at the annual kudofest by ABC's Modern Family for the past three years.

For her part, Fey -- who left her gig as head writer at Saturday Night Live in 2006 to launch the semi-autobiographical sitcom -- has continued to stay active in other mediums. In addition to a best-selling memoir, Bossypants, she has starred in such films as Date Night and Baby Mama. 

Fey is repped by WME, 3 Arts and Ziffren Brittenham.