Soap opera fans don’t have much to be thankful for this year, especially fans of All My Children and One Life to Live, whose shows were supposed to get a second life online following their cancellation by ABC.
Today, Prospect Park, headed by former Disney executive Rich Frank and Jeff Kwatinetz, the former CEO of The Firm, announced that both projects for the new Online TV Network were dead.
Frank and Kwatinetz said in a statement: “After five months of negotiations with various guilds, hundreds of presentations to potential financial and technology partners, and a hope that we could pioneer a new network for the future, it is with great disappointment that we are suspending our aspirations to revive One Life to Live and All My Children via online distribution. It is now becoming clear that mounting issues make our ability to meet our deadlines to get OLTL on the air in a reasonable time period following its January 13, 2012, ABC finale impossible.”
The soap operas were to be the centerpiece of a new content destination. “We always knew it would be an uphill battle to create something historical, and unfortunately we couldn’t ultimately secure the backing and clear all the hurdles in time,” Frank and Kwatinetz said.