The hit AMC show ‘Breaking Bad’ will return for a final 16 episodes before ending its five season run.

After weeks of arguing over the terms of the shows renewal, it was finally announced that the show will begin production in 2012.

AMC president Charlie Collier released a statement saying, “Watching this story evolve into the complex, compelling, and intense roller coaster ride that it has become has been an incredible creative experience for everyone at AMC.”

“While it is sad to even contemplate the end of the series, we are so happy to have had the chance to go on this ride, and truly look forward to presenting the rest of this amazing story,” Collier adds.

‘Breaking Bad’ has proved to be quite a success on the AMC network. The show averages 4.3 million viewers a week and has won plenty of awards.

The show’s creator Vince Gilligan seems relieved about the shows end saying, “It’s a funny irony — I’d hate to know the date of my own last day on earth, but I’m delighted to know what Walter White’s will be. This is a great gift to me and to my wonderful writers. It’s knowledge which will allow us to properly build our story to a satisfying conclusion. Now, if we don’t manage to pull that off, we’ve got no one to blame but ourselves.”

The show’s final season will air sometime in 2012, but it still yet to be announced.