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Prospect Park Networks Files For Bankruptcy For Their Digital Soaps Division!

The story continues … with news today out of Variety, that Prospect Park Networks, the digital soaps division that brought you the All My Children and One Life to Live revivals has filed for  bankruptcy protection through Chapter 11 reorganization in the U.S. Bankruptcy Court for the District of Delaware.

Prospect Park Networks said the bankruptcy filing “in no way impacts PPN’s litigation” against ABC.  Prospect Park Networks continues its case with ABC seeking $95 million dollars in damages! In addition, the bankruptcy filing will give PPN “timing flexibility” to collect on a tax credit from the Connecticut Office of Film, Television & Digital Media, the company said.

Unaffected from this filing are Prospect Park’s, the talent and management company, and Prospect Park’s TV productions: Royal Pains on USA Network, Wilfred for FX, and Salem for WGN America.

“PPN is optimistic that this filing will make it possible to continue to maximize the value of its assets and settlement of past liabilities,” the company said in a statement. “The company is optimistic about the prospects for a smooth transition into bankruptcy.”

What do you think about the news of the bankruptcy filing, when it would seem they were left with no choice?  Let us know!

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Miriam
Miriam

So we could have kept John, Todd and Starr on GH?

Erin
Erin

We could still! I keep hoping to tune in and find out everything that has happened since the nurses ball last year has just been Richard Simmons bad dream and then things get restored to NORMAL.

Keith
Keith

They can return now, it’s a soap! Too bad they weren’t as good at producing soaps as the were a running a business. I can’t imagine any of the veteran actors coming back to deal with them at this point. Time to break out the RIP signs. I hear Oprah singing. LOL 😉

Tracey
Tracey

This is just another sad and disappointing blow to fans. I really wish PP and ABC would do whatever is necessary to get AMC/OLTL back into production. Fans don’t care who is to blame, just fix it and do it right this time, even it means selling the 2 shows outright to another network.

Eileen Hargis
Eileen Hargis

Not happening, sorry,

Marcos
Marcos

Tracey please move on, amc and Oltl will never come back. I have accepted it, enjoy the 4 soaps remaining.

Tracey
Tracey

I have moved on. I am still and will always be a fan of AMC and OLTL.

carla
carla

Who cares anymore at this point. Thanks for the memories

rose
rose

“There once was a dream”…oops that’s ‘Gladiator.’ Sorry to see all our hopes for AMC and OLTL has come to this. No point in saying what went wrong…except, I can’t resist…ABC.

Sandy Welles
Sandy Welles

I don’t understand how a company can possibly go so wrong and have so many problems. I wasn’t overly thrilled with the On-line versions of either One Life to Live or ALL MY CHILDREN, but at least they tried. Now, it seems doubtful that these two soaps will see the light of day again unless a true Miracle occurs. Very sad, last year at this time the fans of both shows were hopeful that the shows would have new Life on-line (despite some weak writing) and now that hope seems shattered. Does it seem that another Network or another On-line company would re-launch either or both shows?

Eileen Hargis
Eileen Hargis

Nope, not enough viewers to be worth the money it would take to produce one, much less two of these shows.

Kevin
Kevin

mess. Mess. MESS!

Eileen Hargis
Eileen Hargis

So WHO didnt see this coming from a mile away????

Rapids
Rapids

The two soaps were dead in the water a few years ago when the network canceled them. People stopped watching in droves, especially. All My Children. If shows are circling the drain on free TV available to 99 per cent of the US, why did anyone think the shows were viable on the Internet. The reboots made no sense.

su0000
su0000

I feel sorry for PP..
For 3 years they never gave up on the 2 soaps when no others would touch the 2 soaps..
PP did bring them back to life if only for a short time the 2 soaps lived again..
bottom line;
Prospect Park were the only ones who tired and the only ones gave a damn and gave their all for a comeback of OLTL and AMC ..

AbbyS.
AbbyS.

I have come to think of PP’s versions of AMC as nothing but a (bad) dream, not worth remembering or pining for. I wish that they had not gotten into the online soaps business, and they probably wish for the same. I focus on the bigger picture, which is that ABC’s AMC ended the right way, with couples together who should be together, and Jackson and Erica temporarily ended but not forever, and JR shooting his gun into a wall rather than Marissa. I’m sorry for PP’s financial troubles, but they shouldn’t have taken on these iconic soaps and made so many promises about what they were going to do and for how long. They were drowning from the start. I hope they win something from their ABC lawsuit and can recover some of their losses. But if anyone ever puts on AMC again, it can’t be PP and this move pretty much seals the deal.

Dee Dzz
Dee Dzz

Oh come on! We all knew PP was not stable from the start. Yes then No! They couldn’t get it together from the beginning, they claim hardship when they delay production with terms. ABC is as stupid.. Look at their Day time schedule. Trash! Here’s a powerful scripture. (But Let your “Yes” be “Yes” and your “No”, “No” For what ever is more than these is from the evil one. Matt 5:37 We as fans lost from evil people playing games with actors and actress lives. I as a Soap Fan say, Trust not want not! Moving on and not with ABC/ nor PP.

David
David

I said all along that Prospect Park was having money troubles and that was why they filed this lawsuit. They waited far too many months to say ABC altered characters and stories. It is only because they have no money they are trying to find a quick way to get some. I hope the lawsuit costs them even more money and puts Prospect Park out of business completely. They were complete failure IMO.

Jack Evans
Jack Evans

Well David this time around I can’t argue with you, I don’t care for the way Prospect Park handled things – some of us were holding on to hope that somehow, someway we would get a Season 2 of either AMC or One Life but now it looks like all hope is gone. Strange that in mid-March there was supposed to be another Court hearing but if PP is filing bankruptcy I suppose the rest of it all doesn’t matter anymore. I know the “glory days” of the Soaps are gone, but I sincerely felt that abridged and trimmed episodes would work –but after this disaster what company would attempt yet another re-launch – as time moves along we will see more alumni from the two shows become woven into the existing four shows.

Lin
Lin

All I care about is does this mean they are – or are not- interested in making those soaps again. Other than that I don’t care.

louisa
louisa

Prospect Park seemed totally unprofessional to me from day one. This bankruptcy does not surprise me.

I hope ABC pays them off and brings back OLTL and AMC to ABC where they belong.

mgb357
mgb357

OK PP – man up and give the rights back to ABC.. They will be able to reproduce OLTL quicker than you can. These are our family members you are holding hostage.

(soap plot – what sinister agency would hold two towns captive, with no hope of ever seeing our beloved friends and family, for a few million dollars?)

Give them back. And ABC – you can than man up too and admit your mistake!

bring back the soaps………………………….

Mo
Mo

Too bad, but not terribly surprised.

Mo
Mo

Guess Robin Strasser won’t get paid.

andrew hass
andrew hass

I’m not surprised with Prospect Park filed for bankruptcy because of the lawsuit they filed against ABC.Maybe they had a right to file the lawsuit but i’m thinking they thought ABC would settle rather then going to court.However PP owns the rights to OLTL and AMC till early 2015.However they could try to sell the rights back to ABC and try to recoup some money.Unfortunately i think AMC and OLTL are dead because some of the actors on the shows have moved on to other things

jimh(leave it to beaver)
jimh(leave it to beaver)

Both soaps might have succeeded as weekly 1 hour shows styled like the primetime soaps…and without Starr, John and Todd…better writers couldve wrote around them and totally ignored how those three were written on GH. Even if PP wins the lawsuit against ABC they still are the loosers here!!!

su0000
su0000

IF a cable network would have wanted the soaps they would have done well..
PP tried to get them on cable but there were no takers..
No network or cable network wants the soaps ..
PP were the only ones, only ones, who wanted them ..

All My Children

WATCH: All My Children Reunion On Strahan & Sara

On Monday’s episode of ABC’s Strahan & Sara, the show welcomed several stars of the beloved All My Children for a reunion, of sorts. Joining hosts Michael Strahan and Sara Haines were Susan Lucci (Erica), Walt Willey (Jack), Cady McClain (Dixie), Jacob Young (JR) and Jill Larson (Opal).

While it was wonderful to see the stars from Pine Valley again, it was also a painful reminder that this network, ABC, canceled the show, and had put in its place – The Chew, and now Strahan & Sara – since canning the series.   In fact, as you will see on the clips below, many of the crew who work on this talk show were once the crew for All My Children.

During the segment, Susan Lucci was tested to see if she remembered all of Erica Kane’s wedded names.  Later, Walt Willey and Susan re-created the final scene of the ABC version of All My Children between Erica and Jack, where Jack walks out on her.  However, this time, they have Jack changing his mind and coming back to Erica and sealing their relationship with a kiss – a moment of closure that never happened (since the show moved to online via Prospect Park).

In addition, Cady McClain and Jacob Young re-created the infamous Dixie “dying from eating poison pancakes” scene, as JR watches his mother die, only this time she lives.

It’s always great to see these veteran performers, but Strahan & Sara is trying to capture the soap viewers to put eyeballs on their show by bringing in talent from the show that sadly and wrongly went off the air.

Watch the clips below from the All My Children reunion below.  Then, let us know what you thought of it via the comment section below.

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All My Children

Soap Alums On Parade At ABC TCA Winter Press Tour: Photo Gallery

This week at the annual ABC TCA (Television Critics Association) Winter Press Tour, the network introduced members of the media to some of the new shows that will be rolled out in the coming months on both ABC and Freeform.  Many notables, who started on the soaps, are in the casts of some of the more exciting new offerings.

In addition, several soap graduates, who are currently appearing on the network in major primetime series were also in attendance promoting the ABC line-up of programming.

Look no further than the photo gallery below to see: Bryan Craig, Denye Tonzts, Eric Winter, Sam Page, Eva Longoria, Jason George, Rome Flynn, and a host of others as they step out and pose for some photos.

So, are you excited to see GH alums, Bryan Craig (ex-Morgan), in his new role as Javi on Grand Hotel? Hayley Erin (Ex-Kiki) in her new role on Pretty Little Liars: The Perfectionists?  Check out the gallery, and let us know via the comment section.

 

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All My Children

All My Children Reunion Coming Up On ABC’s Strahan & Sara

Some of your all-time favorites from Pine Valley are getting together to appear on Good Morning America’s re-branded Strahan & Sara ,formerly known as GMA Day.

Make sure to catch the show next Monday, February 11th when hosts Michael Strahan and Sara Haines welcome Susan Lucci (Ex-Erica), Jacob Young (Ex-JR), Cady McClain (Ex-Dixie), Walt Willey (Ex-Jack),and Jill Larson (Ex-Opal).  And, you never know who else might pop up and join this group.

Strahan and Sara airs on ABC at 1PMEST/12PMCST weekdays.

Courtesy/ABC

Are you missing Pine Valley? Here’s a chance to see some of these enduring stars together again.  Most recently, Home & Family back in February of 201,7 held an on-screen reunion for many notables from the series following the passing of its legendary creator, Agnes Nixon.

Will you be checking out Strahan & Sara next week for the segment? Let us know via the comment section below.

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GH icon Genie Francis chats with Michael Fairman about her return to the soap as Laura after being taken off-contract earlier this year. Leave A Comment

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