HomeTVAll My ChildrenProspect Park Closes Financing For Online Network Set to Air All My Children and One Life to Live! Jamey Giddens January 25, 2013 All My Children, One Life to Live, The Online Network, TOLN 18 Comments 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! 18 Responses The_Moustache January 25, 2013 cool! Log in to Reply appleridge January 25, 2013 That is the BEST PICTURE EVER!!!! Log in to Reply ER Writer January 25, 2013 Better late than never — kudos That mean PP has enough funds to pay SUSAN LUCCI!!!! (Oprah voice***) lol Log in to Reply gslam January 25, 2013 I am SOOOO EXCITED! SQUEEEEEEE! Log in to Reply Ryan-Scott January 25, 2013 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… Log in to Reply blake3b January 25, 2013 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! Log in to Reply fmat55 January 25, 2013 Here’s hoping they revive Fraternity Row too. Log in to Reply liason4real January 25, 2013 Yes! I hope this means PP will take a long look at some of the other beloved cancelled soaps and bring them online. Log in to Reply THEBEST January 25, 2013 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. Log in to Reply appleridge January 25, 2013 Im thinking more Mid April Log in to Reply MsAgentProvocateur1 January 25, 2013 [quote=THEBEST]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.[/quote] That would inspire a ton of April Fools Day jokes. Log in to Reply GLFan88 January 26, 2013 OMG I had almost forgotten about Peapack…I seemed to have blocked those images from my memory… Log in to Reply Camp is not a sustainable model January 26, 2013 @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. Log in to Reply nysam January 26, 2013 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? Log in to Reply appleridge January 26, 2013 The minimums are lower but that doesnt mean they are working 50-70% less Log in to Reply TV Gord January 26, 2013 [quote=THEBEST]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.[/quote] 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???) Log in to Reply DaytimeFan0001 January 27, 2013 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. Log in to Reply Greeneb2 January 27, 2013 Hurray–Yay! Brian :party: :party: Log in to Reply Leave a Reply Cancel Reply You must be logged in to post a comment.