Plays sensationalised madam's role perhaps (10)
I believe the answer is:
melodramas
'plays sensationalised' is the definition.
'madam's role perhaps' is the wordplay.
'perhaps' is an anagram indicator.
'madams'+'role'='madamsrole'
'madamsrole' anagrammed gives 'MELODRAMAS'.
(Another definition for melodramas that I've seen is " Productions".)
I've seen this clue in The Guardian.
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