Connect with us

All My Children

Wall Street Journal: Prospect Park's Pitch for More Investors for OLTL & AMC's move online!

There is a very interesting read for all soap fans and those in the industry out today from the Wall Street Journal’s Digital Network’s, Peter Kafka.  In it, Kafka details part of the overall investment pitch and the goals for Prospect Park moving One Life to Live and All My Children to the web come January, and that according to Kafka, Prospect Park’s Jeff Kwatinetz still needs some additional funding to make the project work as he has envisioned.  Here are some excerpts below!

Wall Street Journal: “Kwatinetz and his Prospect Park production firm want to take two long-running ABC soap operas – “All My Children”, which went off the air in September, and “One Life to Live”, which will end in January —  and start making new episodes that should look and sound exactly like the originals. Except you’ll need a broadband connection to watch them.  If you’re one of the people who thinks many folks no longer make a distinction between stuff they watch on TV and stuff they watch on the Web, this will make perfect sense. But Kwatinetz has yet to win over enough financial backers, which is why he’s now talking to people like me, hoping we’ll help him make his case.

Cost: An average hour of one of his soaps currently costs ABC around $160,000 to make, which is outrageously cheap for TV but fantastically expensive for the Web. But Kwatinetz says he’s not going to be able to save much money when he moves the shows online — he’ll still be paying the same writers, actors and production staff. Overall, he figures he’ll need around $80 million to produce both shows for a year, and $65 million in hand to start up production.

Audience: Both shows averaged around 2.5 million viewers an episode on ABC this year. But Kwatinetz thinks he can make a profit if he can just bring 10 percent of those eyeballs to the Web. That doesn’t seem outrageous given the commitment that some soap viewers make to their shows.

Revenues: This is the part requires the biggest leap of faith. Kwatinetz figures that if Web TV portals like Hulu can command $40 cpms for their stuff, he can, too. Particularly because his episodes will be new, not re-runs that aired days earlier. He also figures he can re-sell the shows to traditional cable down the road, and/or sell them via distributors like Apple’s iTunes.

But there’s a reason that no one is making video with TV-level budgets for the Web yet, and that’s because ad buyers aren’t paying up consistently for it. YouTube’s new plan, for instance, assumes that its channel partners will spend considerably less than $100,000 per hour to make their stuff for the site. And the stuff that runs on Hulu isn’t dependent on that advertising revenue — it’s built with TV ad dollars in mind.

Still, compared to some pitches we’ve seen win funding in the last couple years, this one seems almost conservative. But Kwatinetz still doesn’t have all of the cash he needs to go forward. “A lot of the investor pool that we go to are people with Hollywood backgrounds,” he says . “And while we feel that it’s obvious that convergence is here, we’ve met with an unusual amount of skepticism. So now we’re going out to Silicon Valley, and they seem to get it.”

Kwatinetz would like to have his shows up and running as soon as “One Life to Live” ends in mid-January, but unless he starts very soon it will be hard to hit that deadline.”

So if anyone with pockets books is out there and reading this, you may want to consider making this investment!

Click to comment
Advertisement

avatar
Tracy Peterson
Guest
Tracy Peterson

PLEASE bring these soaps back. I’ve boycotted ABC’s STUPID CHEW. I’ve been watching AMC since I was 10 years old. I am now 51. It sickens me that this show along with OLTL (another favorite) are being cancelled. There is still an audience. I watch a lot of stuff online and would have no problem using a computer to watch these shows. This is the 21st century and technology has taken over. A new way of watching television is a gimme. It’s gonna happen eventually so I hope that the funding is gotten. I would gladly pay to watch these… Read more »

Laura Coppola
Guest
Laura Coppola

This article, while informative …Is very unsettling for the fans of ALL MY CHILDREN…Since One Life to Live seems to be in a better position, at this time.

Monica
Guest
Monica

This will be interesting to watch. Investors take risks, but they want to see numbers/projections. They’ve got nothing to compare (I think?). But this is the future as more TV helps to dumb down a generation with meaningless reality shows (which in a strange twist have actually become more and more scripted!) Give me a meaty daytime drama filled with emotion, suspense, and quality actors any day!

john Truisi
Guest
john Truisi

I can see that he wants to charge the viewers to see these shows.Nobody I know is going to pay for these shows.Also,I can see that this is not going to come to fruition at all.Everyone say goodbye to all my children and one life to live.If you are not watching the young and the restless or days of our lives or bold and beautiful,start watching them now or 2 years from now there will be no soaps left because our economy is not going to get better.The name of the game is no cost television,stupid,dumb talk shows and idotic… Read more »

david
Guest
david

People pay to support PBS because of the quality and educational content. People buy broadband, cable, and satellite programming. Soaps are unique in offering a new episode five days a week. Personally, I find OLTL more entertaining than most prime time programming that I would pay to see it or tolerate advertising. Prospect Park’s Kwatinetz thinks he can make a profit if just 10% of current viewers will watch online. I don’t know what it takes to make a profit online, but I think Kwatinetz is underestimating the number of viewers who will watch online. But more importantly, the online… Read more »

Ron Klopfanstein
Guest
Ron Klopfanstein

An important factor that should also be considered, and should make this more attractive to investors, is the fact that shows seen online require viewers to watch the advertisements. At least it’s been my experience that there’s no fast-forwarding through commercials; something most of us do with everything we DVR from television.

With a sign-in system and customers setting up user accounts it also provides valuable demographic experience much more precise that the traditional TV ratings system has ever been able to provide. Another reason this venture would be a such a good investment.

Monica
Guest
Monica

With internet sites finding ways to secretly track our every move, what a treasure trove of demographic/trend data this is to marketers/advertisers! Maybe PP can get into the game. Of course, the problem is skirting privacy issues.

Ron Klopfanstein
Guest
Ron Klopfanstein

Privacy is a huge concern. However, I am pessimistic about ever having real privacy on the Internet ever again; especially with Homeland Security announcing they are going to track social media like Facebook and Twitter even more closely as a result of the “Occupy Movement” sweeping the nation. Maybe the best we can hope for is the possibility that the privacy we unwittingly and unwillingly surrender when we go online will help pay for some of the programming we’d like to see. A distressing trade-off, but realistically I think it’s the best we can hope for. Your reply sure raised… Read more »

Monica
Guest
Monica

Ron Klopfanstein: If you are on the internet nothing is really ever private – the public must realize and come to terms with that whether they like it or not. PLUS the government has been monitoring our electronic movements (phone calls, etc) for years – it’s nothing new. Selling demographic/trend data to marketers/advertisers (of course with subscriber permission) would be a revenue driver for sure, but to what extent? What about selling stock in PP to the public? I can see this happen down the road (hey if a co. like LinkedIn can do it, surely PP should consider it… Read more »

Jim
Guest
Jim

OK, so things aren’t so rosy with Prospect Park. I’m not being the bearer of negativity, but it would seem to me that Prospect Park should have waited until the funding was in place before making any announcements to bring the shows to the web. They created inaccurate expectations of what was going to happen, and they should be ashamed of themselves.

Iakovos
Guest
Iakovos

AMC and OLTL are both Agnes Nixon creations. Perhaps in their new incarnations they become one (ONE LIFE TO LIVE FOR ALL MY CHILDREN). If money is an issue for Prospect Park, perhaps one combined show with the characters from both who, honestly, reside in proximity of one another. Heck, if anyone was left alive in Corinth, maybe a LOVING character might surface.

Torrey
Guest
Torrey

I am a fan of AMC & OLTL, but more so for OLTL and I’m sorry….but I don’t want to see the AMC characters making their way to LLanview or vice versa. Sorry, but if I saw Ryan Lavery show up in LLanview, I would be forced to turn the channel. The writing and acting for OLTL has been far superior to AMC, in my opinion, and I think trying to merge the two shows together would somehow muddy the waters for both shows. Not to mention, that still wouldn’t solve the problem of salaries for the actors, writers and… Read more »

My2Cents
Guest
My2Cents

A ‘living’ character? Like Oprah? Since she flatly refused to help keep the soaps on TV, maybe a nice contribution would ease her consious?? Or is she too busy with her network trying to dig it out of the hole it is in?

AlistairCrane
Guest
AlistairCrane

How in the world are these shows going to be up and ready to go for Janury 16?!

My2Cents
Guest
My2Cents

I wonder that as well. They must have start up money, as they are offering the actors a similar if not better offer than they have now. Will they be able to maintain the show I think is where the worry comes in.
I for one have no clue how to view this, where to view it, and have yet to see any advertising for it. Other than these blogs. Which reveal next to nothing.

C
Guest
C

Here’s something to think about… If both shows averaged 2.5 million viewers daily, then if only half of those people were willing to invest in our shows, then we could totally fund the start-up costs ($65 million)and production costs for the first year ($80 million) for an investment of $116 each. Then Prospect Park would have what they need to get BOTH shows started, and then a year to get their feet on the ground. Do the math! I would be more than willing to pay a one-time investment of $116 to have AMC and OLTL back. The amount that… Read more »

My2Cents
Guest
My2Cents

Good article

jp
Guest
jp

I am keeping my fingers crossed that OLTL will hit online on Mon. Jan 16th. I hope PP will find the financial backing to do it. I can’t live without my One Life to Live.

rapido
Guest
rapido

I think Prospect Park is preparing fans for some grim news. I doubt sufficient funds will materialize. Soap fans- time to get real, All My Children will not see the light of day again. One Life has a few more months. The end of an era. I wish I had never heard the name Prospect Park. Much ado about nothing.

lipstickcat
Guest
lipstickcat

It sounds like there are an awful lot of things in the way of making this happen! I knew it was too good to be true! We’ll be lucky if OLTL returns but it looks bad for AMC because it already ended!

david
Guest
david

Show some Vimal and Rama Patel video to investors in India. With the right storyline for the Patels, OLTL could catch on in India.

jp
Guest
jp

I just read an article that PP will only be focusing their launch on OLTL to the online network. As an avid viewer of OLTL, I feel bad for all those AMC viewers. It just didnt seem right to me that AMC was going to get launched. I still have my fingers crossed for my beloved OLTL, but its a sad day for AMC viewers. Since I am also reading that several actors from OLTL are not signing on, perhaps some pine valley residents could move into Llanview. We have to move forward. I don’t want the history of OLTL… Read more »

Tina Gray
Guest
Tina Gray

Good luck Jeff and thanks sooooo much for what you are doing. God Bless You from fans and actors alike!

All My Children

Kelly Ripa’s First Book On the Way in 2022

Former All My Children star, now co-host of Live with Kelly and Ryan and a successful executive producer in her own right, Kelly Ripa, will add writer to her list of credits.

New this week is that Ripa is sharing a look at her real-life in a book, that will be released next spring in April of 2022.

According to the intel, the book entitled Live Wire will feature sharp, funny, and honest collection of real-life stories from Ripa, showing the many dimensions and crackling wit of the beloved daytime talk show host.

As soap fans know, Ripa has been married to Mark Consuelos (Ex-Mateo, AMC) and the two share three children together.

The loglines for the release share: “In Live Wire, Kelly shows what really makes her tick. As a professional, as a wife, as a daughter and as a mother, she brings a hard-earned wisdom and an eye for the absurdity of life to every minute of every day. It is her relatability in all of these roles that has earned her fans worldwide and millions of followers on social media. Whether recounting how she and Mark really met, the level of chauvinism she experienced on set, how Jersey Pride follows her wherever she goes, and many, many moments of utter mortification (whence she proves that you cannot, in fact, die of embarrassment) Kelly always tells it like it is. Ms. Ripa takes no prisoners.
Surprising, at times savage, a little shameless and always with humor… Live Wire shows Kelly as she really is offscreen—a very wise woman who has something to say.”

So intrigued to read Kelly’s book when it is released next year? Comment below.

Continue Reading

All My Children

All My Children Stars and Eileen Davidson On New Episode of Virtual Game Show “Soap Opera Know-It-All”

Imagine being in the hot seat and having some of your soap opera favorites trying to stump you with trivia, while trying to best your competition.  Well, that’s what four contestants faced as they battled it out in the ultimate soap trivia game, Soap Opera Know-It-All.

The Michael Fairman Channel just released its fifth episode of its season, where in round one of the game play, stars from the beloved All My Children served up the questions including: Cady McClain (Ex-Dixie), Jill Larson (Ex-Opal), Lindsay Korman-Hartley (Ex-Cara), Vincent Irizarry (Ex-David) and Jacob Young (Ex-Y&R).  In addition, the former cast members from Pine Valley also try to stump viewers at home with some additional character-related questions.

Later in the episode, there is a very special appearance by Eileen Davidson (Y&R, Ex-Days, Santa Barbara and B&B).  It is Eileen who reveals and asks the final question of the game to determine the eventual winner.

For this edition, host Michael Fairman welcomed longtime soap fans: Michael Cochran, Sean McKinley, and Robert Davis along with returning champion, David Bursky for this soap deep-dive competition.

Photo: MFTV, Inc.

Trivia questions from the following daytime and primetime soaps were put to the players during the game: All My Children, As the World Turns, Dark Shadows, General Hospital, Knots Landing, Sunset Beach, Days of our Lives, Dynasty, Edge of Night, One Life to Live, Port Charles and The Young and the Restless.

As the series moves through its now back-half of the season, the winning contestant must defeat the competition for the right to move on to the next episode to face three more challengers all in pursuit of the “Know-It-All” title with special soap-related prizes along the way.

Watch the episode below and make sure to subscribe to the Michael Fairman Channel for more interviews, music and more.

Now let us know, did you get most of the answers correct? Which question stumped you all the way? Comment below.

Continue Reading

All My Children

Jacob Young, Brytni Sarpy and Jason Cook Working on New Film, ‘Four For Fun’

Check this out! Soap veteran and Daytime Emmy-winner Jacob Young (Ex-AMC, B&B and GH) is producing his first film, that movie is written by and being directed by former Days of our Lives and General Hospital star, Jason Cook.

Now comes word via Instagram that Y&R’s Brytni Sarpy (Elena) is also part of the cast in the indie film, Four For Fun.

Sarpy shared on Instagram “We had all the fun. Love you all. Can’t wait to see this baby fly… 🖤✨🎬 #FourForFun

Meanwhile, Young posted on IG “Producing a movie is no easy task. Films like this are only possible when everyone’s artistic passions are intact and on point. I have to say @brytni @annikafoster @probably_donovan_patton absolutely slayed it (no pun intended) Cast by the one and only @paulruddycasting ! So proud to act with such a talented cast. I’m also incredibly excited to call this the first full-length film I’ve produced on. We couldn’t have done it without the incredible writing, directing, and relentless vision of Jason Cook! Here’s to big things team! More to come!”

The new film also features Annika Foster (Lifetime’s Burning Little Lies) and former Blue’s Clues host Donovan Patton.

Check out the posts from Brytni and Jacob below!

So, are you intrigued to see this film when it makes its debut? Comment below.

 

View this post on Instagram

 

A post shared by Brytni (@brytni)

 

View this post on Instagram

 

A post shared by Jacob Young (@jacob_w_young)

Continue Reading
Advertisement
Advertisement

Video du Jour

GH’s Kelly Thiebaud (Britt) chats with Michael Fairman about Britt being on the run with Jason, their burgeoning romance, working with Steve Burton and her other co-star and Britt’s diagnosis of Huntington’s Disease. .Leave A Comment

The Michael Channel

Recent Comments

Advertisement

Power Performance

Don Diamont as Bill & Aaron D. Spears as Justin

The Bold and the Beautiful

Airdate: 7-14-2021

Advertisement

Popular