As part of the deal, “All My Children” and “One Life to Live” -- which are due to wrap in September and January, respectively -- will pick up where they left off on a new, still untitled online TV network once they've ended their run on ABC. The show's cast and crew will make the transition as well.
The soaps are expected to be the first of a number of brand-name TV shows to eventually land at the site.
Prospect Park is lead by ‘Royal Pains’ executive producers Jeff Kwatinetz and executives Rich Frank, who is also a former Disney Studios executive.
An email to ABC seeking confirmation was not immediately returned.
[Updated at 10:55 a.m.: ABC sent out an official release confirming the "exclusive multi-year, multi-platform" deal.
The programs are said to continue in the same format and length. Additional details of the new productions will come from Prospect Park.
“We are privileged to continue the legacy of two of the greatest programs to air on daytime television, and are committed to delivering the storylines, characters and quality that audiences have come to love for over 40 years," Frank and Kwatinetz said in a statement.
"‘All My Children’ and ‘One Life to Live’ are television icons, and we are looking forward to providing anytime, anywhere viewing to their loyal community of millions. ... We believe that by continuing to produce the shows in their current hour format and with the same quality, viewers will follow the show to our new, online network.” ]
-- Yvonne Villarreal