Prospect Park, the company that promised to start an online network to re-launch the beloved soaps online, announced today that it has run into so many hurdles in trying to negotiate contracts for the soaps’ new leases on life that it will be impossible to continue.
Rich Frank and Jeff Kwatinetz of Prospect Park issued a joint statement with the news, saying, “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.”
Although the two had high hopes for launching a new network online, there just wasn’t enough time to establish a new type of business model for the shows. “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,” say Frank and Kwatinetz. “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. We believe we exhausted all reasonable options apparent to us, but despite enormous personal, as well as financial cost to ourselves, we failed to find a solution.”
Prospect Park admits it was ultimately contractual issues that caused the trouble, saying, “While we narrowed in on a financial infrastructure, the contractual demands of the guilds, which regulate our industry, coupled with the program’s inherent economic challenges ultimately led to this final decision. In the end, the constraints of the current marketplace, including the evolution and impact of new media on our industry simply proved too great a match for even our passion.
Earlier in November, reports surfaced that “AMC” wouldn’t return until much later in 2012 due to contract disputes, but Prospect Park was still working to bring the show online.
For the record, “OLTL” stars Erika Slezak, Michael Easton, Ted King, Kassie DePaiva and Sean Ringgold had all signed on to stay, while the only “AMC” actors officially on board were Cameron Mathison and Lindsey Hartley.
“AMC” ended its historical run in September, while “OLTL” concludes in January.