Prospect Park Closes Financing For Online Network Set to Air All My Children and One Life to Live!



 




As Daytime Confidential reader Antonio Shanks recently said on Twitter, if it don't make dollars, it don't make sense. Prospect Park has closed financing for The Online Network (TOLN) with multi-billion dollar private equity firm ABRY Partners.

This means we won't have to worry about handicam-carrying interns following actors around Peapack, New Jersey corn fields to get footage for the new versions of All My Children and One Life to Live. No Siree, Bob. We are walking in taaaall cotton!

“We are excited to be partnering with Jeff Kwatinetz and the rest of the team at Prospect Park, and we strongly believe that they will continue to be a leader in their innovative approach to content creation,” said Brent Stone, a partner at ABRY Partners.

Stone's firm has completed over $36 billion in leveraged transactions and other private equity investments involving approximately 450 properties. I'd say Pine Valley bazillionaire Adam Chandler and Llanview tycoon Clint Buchanan would be impressed!

 


Comments

The_Moustache's picture
Member since:
17 June 2009
Last activity:
1 week 1 day

cool!

Ryan-Scott's picture
Member since:
4 May 2009
Last activity:
8 min 7 sec

Thank you Prospect Park. I take back all the shit I said about you a year ago when the deal fell thru and thank you for NOT freezing out Agnes Nixon the way ABC did for so long...

Member since:
5 July 2008
Last activity:
2 days 17 hours

That is the BEST PICTURE EVER!!!!

Member since:
2 December 2010
Last activity:
21 hours 59 min

Better late than never -- kudos Smile
That mean PP has enough funds to pay SUSAN LUCCI!!!! (Oprah voice***)

lol

gslam's picture
Member since:
22 December 2009
Last activity:
2 weeks 1 day

I am SOOOO EXCITED! SQUEEEEEEE!

blake3b's picture
Member since:
3 March 2009
Last activity:
5 days 10 hours

Great news! Hopefully this will stop the naysayers from complaining about this or that. Let's enjoy and reveal in this, All My Children and One Life to Live were brought back to life!!!! That is really hard to believe but it's awesome!

Now can we do the same with Guiding Light??? I wish!

Member since:
21 January 2013
Last activity:
6 hours 19 min

Here's hoping they revive Fraternity Row too.

liason4real's picture
Member since:
10 May 2008
Last activity:
9 hours 35 min

Yes!

I hope this means PP will take a long look at some of the other beloved cancelled soaps and bring them online.

THEBEST's picture
Member since:
12 February 2008
Last activity:
2 days 4 hours

I'm seeing a Monday April 1, 2013 premiere date for the shows. It would make sense. New month & week, plus it coincides with GH's 50th Anniversary.

Member since:
5 July 2008
Last activity:
2 days 17 hours

Im thinking more Mid April

MsAgentProvocateur1's picture
Member since:
2 December 2011
Last activity:
25 weeks 2 days

THEBEST wrote:
I'm seeing a Monday April 1, 2013 premiere date for the shows. It would make sense. New month & week, plus it coincides with GH's 50th Anniversary.

That would inspire a ton of April Fools Day jokes.

Member since:
1 April 2009
Last activity:
44 weeks 3 days

OMG I had almost forgotten about Peapack...I seemed to have blocked those images from my memory...

david46208's picture
Member since:
15 January 2009
Last activity:
13 hours 39 min

@liason4real: Prospect Park can't bring back other soaps. NBC nor P&G would let go of their properties without forcing PP to pay a hefty penny even though P&G nor NBC would want to do anything with those properties anyways.

nysam's picture
Member since:
28 October 2008
Last activity:
17 hours 5 min

If they have all this $ why are the actors, writers, directors, etc. working for 50 - 70% less what they were making when the shows were on ABC?

Member since:
5 July 2008
Last activity:
2 days 17 hours

The minimums are lower but that doesnt mean they are working 50-70% less

TV Gord's picture
Member since:
18 February 2009
Last activity:
4 hours 27 min

THEBEST wrote:
I'm seeing a Monday April 1, 2013 premiere date for the shows. It would make sense. New month & week, plus it coincides with GH's 50th Anniversary.

Yeah, and that would do wonders for the goodwill between ABC and Prospect Park to have PP steal GH's thunder. (sarcasm)

(Do you SEE now why I'm always saying some soap fans have no idea how the business of television works???)

DaytimeFan0001's picture
Member since:
23 April 2008
Last activity:
3 days 13 hours

Alright, I guess I'll quit on my reservations. They have a distribution deal. I was sour on the whole thing, because all we knew was creative information, which in television and media is only 25% of the initial project. I'm happy to hear that these shows are returning, and that they are filming on the east coast again.

Member since:
2 October 2009
Last activity:
10 weeks 2 days

Hurray--Yay!

Brian Party Party