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! READ MORE
Okay, of all the news that has come out about Prospect Park's continuations of All My Children and One Life to Live, this is definitely the most promising. I take that back. Mama Agnes Nixon once again being involved with her babies was the most promising news, but the following development is most assuredly the runner-up.
Prospect Park's Jeff Kwatinetz has gone on the record with Soaps.com's Christine Fix and Amy Mistretta about several of the burning questions surrounding his company's reboots of All My Children and One Life to Live. Of course, the fate of those three, fictional Llanview, PA. transplants, currently residing in Port Charles, New York on General Hospital came up. Said Kwatinetz:
"It's not worked out yet. They [ABC] came to us and said, 'Will you guys license us these characters?' We [Prospect Park] didn't know 100% if we were going forward, so we allowed it. We wanted to do the right thing by the actors."
Why I Won't Be Able to Fully Support Prospect Park's Efforts to Reboot All My Children and One Life to Live Until a WGA Deal is MadeBy Jamey Giddens on January 08, 2013
The revolution will be web-ivised. At least Prospect Park principle Jeff Kwatinetz is hoping it will be. The entertainment mogul—who is busy attempting to relaunch cancelled ABC Daytime soaps All My Children and One Life to Live with his partner Rich Frank— gave a brief interview about the endeavor to the New York Times. Said Kwatinetz:
“I know it’s been a long journey, but the timing is actually fortuitous as TV viewing is evolving rapidly in our direction,” Mr. Kwatinetz said in an interview. “The adoption of online TV in the last year has begun to move exponentially as viewers start to realize the immense advantages digital distribution affords. But all of that is unmatched compared to the relentless fan support. Since they didn’t give up, neither did we.”