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Prospect Park is a Hollywood entertainment production company, founded in 2008 by Richard H. Frank, a former executive at the Walt Disney Television, along with Jeff Kwatinetz, former CEO of the talent agency The Firm, Inc. The company occupies space upon, and draws its name from the former ABC-TV studios in the Prospect Park section of Los Angeles, and is located just northeast of the intersection of Hollywood Blvd. and Vermont Ave. On May 3, 2011, former ABC executive Josh Barry joined the company as well.
The Online NetworkEdit
On July 7, 2011, ABC announced the licensing of its soaps to Prospect Park, who intended to continue production of the shows in a new paid online TV and interactive media network. 
On September 27, 2011, Prospect Park announced that it would produce new episodes of the two daytime soap operas, which would air on its new Internet channel starting in January 2012. 
On November 10, 2011, it was announced that the relaunch of All My Children had been indefinitely delayed and that Prospect Park would focus solely on the relaunch of One Life To Live. However, on November 23, 2011, Prospect Park suspended its plans altogether to launch an online channel with All My Children and One Life to Live. However, a year later, it was announced the plans were revived. On January 7, 2013, Prospect Park confirmed via press release that All My Children and One Life To Live will be revived as the anchor programs on The Online Network (TOLN). Production of the shows resumed on February 25, 2013.  All My Children and One Life To Live premiered with new 30 minute episodes on Hulu, Hulu Plus and iTunes on April 29, 2013. 
Litigation with ABCEdit
On April 18, 2013, Prospect Park filed a $25 million lawsuit against ABC over One Life to Live, alleging ABC failed to honor its part of the licensing agreement. Among the issues named in the lawsuits included ABC's attempts to sabotage Prospect Park's revival of the soaps by killing off One Life to Live characters loaned to General Hospital, failure on ABC's part to consult Prospect Park on storylines involving One Life to Live characters, as well as claiming one One Life to Live character was actually a General Hospital character.
- ↑ Andreeva, Nellie. Prospect Park Sets Up Slew Of TV Projects. Deadline.com. Retrieved on 2012-12-17.
- ↑ Eng, Joyce (July 7, 2011). ABC's Canceled Soaps Will Live Again Online. TV Guide. Retrieved on July 7, 2011.
- ↑ Potts, Kimberly. "New Episodes of 'All My Children' Will Premiere Online in January", Reuters, 2011-09-28. Retrieved on 2011-10-06.
- ↑ Soap News - Previews | ABC Soaps - Soaps In Depth. Abc.soapsindepth.com (2011-11-10). Retrieved on 2012-12-17.
- ↑ Weisman, Jon. "'All My Children' online reboot in holding pattern", Variety, November 10, 2011.
- ↑ Andreeva, Nellie. It's Official: 'One Life To Live' And 'All My Children' Won't Continue Online. Deadline.com. Retrieved on 2012-12-17.
- ↑ "HOLIDAY MIRACLE: Prospect Park Back On Track To Revive ‘All My Children’ & ‘One Life To Live’ After Deals With SAG-AFTRA & DGA" from Deadline.com (December 17, 2012)
- ↑ ANDREEVA, NELLIE. "Prospect Park Confirms ‘All My Children’ & ‘One Life To Live’ Revivals, Production To Begin In February", 2013-01-07.
- ↑ http://social.entertainment.msn.com/tv/blogs/tv-buzz-blogpost.aspx?post=4857234f-217d-4db7-aa3f-a916a4449601