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Update (11/23/11): http://www.soapoperanetwork.com/news/prospect-park-suspends-online-plans-for-all-my-children-and-one-life-to-live

Update: http://www.soapopera...ue-its-official

Found this article from the NY Post ohmy.gif

"All My Children" and "One Life to Live" will live on — on the Web.

Disney's ABC has sold the online rights to the two long-running soaps, which are scheduled to go off the air in September, as part of a deal with TV, film and music company Prospect Park, The Post has learned.

Sources said the daily dramas will pick up where they left off on a new, as-yet-unnamed, TV-focused online network once the soaps finish their four-decade run on ABC.

Prospect Park, founded in 2008, is run by executives Rich Frank, a former Disney Studios boss, and Jeff Kwatinetz. Both are executive producers of USA Network's hit show, "Royal Pains."

The firm will take charge of the same cast, crew and talent — even soap star Susan Lucci as the villainous Erica Kane — and continue the story lines.

Prospect Park is said to be finalizing its current round of funding for its Hulu-style venture in the next month to 45 days. Other unnamed financial backers are involved. The financial terms couldn't be learned.

The soaps are expected to be the first of a number of brand-name TV shows to eventually land at the site.

News of the deal will be a huge relief to soap fans who have been campaigning for ABC to keep them on air. The broadcast network said in April it was dumping them for much less expensive, unscripted programs, "The Chew" and "Revolution."

"All My Children" launched in 1970 and "One Life to Live" began life in 1968.

A Disney spokesman didn't respond to a request for comment. Calls to Prospect Park were not returned.

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I think this goes back to the question: how much as a viewer are you willing to give up to see your favorite soap live on? Obviously, the budget will be slashed. I can't imaging the show can keep all its stars. It will just be All My Children in name only.

HOWEVER, a fresh start like this with the right creative people might prove successful.

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WTF?! How did this happen?! :o Color me all sorts of confused.

I remember an article of some sort a few weeks ago with talked about Agnes Nixon saying something about that Prospect Park company or whatever and AMC, however I don't remember the details or know how accurate it may be.

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I don't think I like this. I just see two shows called All My Children and One Life to Live, with new characters, cheap actors, etc. I just don't see how this can be AMC and OLTL. Unless, they bought the shows, all the rights, outright and can somehow afford a good amount of the actors. Otherwise, I won;t be watching.

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I don't think I like this. I just see two shows called All My Children and One Life to Live, with new characters, cheap actors, etc. I just don't see how this can be AMC and OLTL. Unless, they bought the shows, all the rights, outright and can somehow afford a good amount of the actors. Otherwise, I won;t be watching.

Well the article does say that Prospect Park will take on the same crews, cast (even Susan Lucci), etc. But who knows if that's really how it will end up.

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I remember an article of some sort a few weeks ago with talked about Agnes Nixon saying something about that Prospect Park company or whatever and AMC, however I don't remember the details or know how accurate it may be.

So do you think they're assuming things?

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So do you think they're assuming things?

I don't know....I have never heard of this company and haven't seen this info. really posted elsewhere.....so I just really don't know at this point without someone doing some digging or something...

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