One Life to Live survival looking unlikely

One Life to LiveThe future of ABC‘s cancelled soap One Life to Live looks to be doubt as reports emerge claiming that Prospect Park could pull the plug on the planned continuation.

UPDATED: Prospect Park confirms it is halting plans to continue One Life to Live. Includes statement.

Earlier this year Prospect Park signed a licensing deal to continue production on daytime soaps One Life to Live and All My Children after both were cancelled by ABC. All My Children ended its television run in September and while production has now finished on One Life to Live it will continue on-air until January.

Plans to continue AMC were shelved by Prospect Park earlier this month to the disappointment of the long-running soaps fans. Now reports claim that One Life to Live is facing the same treatment. While Prospect Park has successfully signed deals with quite a few OLTL cast and crew members to remain onboard the soap as it transfers online it seems that financing the soap is proving tricky.

The costs involved in producing a daytime soap – which although are notorious for their cheap production values are anything but cheap to produce – could put an end to OLTL for good. Deadline and other sites are reporting that Prospect Park have been unsuccessful in their attempts to secure funding – such as through a deal with a cable broadcaster to show episodes of the soap. The complexities of continuing the soap – reaching agreements with various guilds and unions – is also proving tricky for Prospect Park.

If they did decide not to carry on with OLTL it would be another huge blow to fans of the soap. The series still remains ABC’s top-rated serial consistently outperforming General Hospital which itself is widely seen to be on the verge of cancellation. Shortly after OLTL‘s cancellation there were rumours that ABC would reverse the decision in light of its strong performance over AMC and GH but instead the Prospect Park deal took place.

The future of OLTL could be decided – and come very clear – within the next few hours. The fans will be hoping for a last minute deal to save their beloved soap.

UPDATED: Prospect Park have released a statement confirming it has is scrapping plans to produce further episodes of One Life to Live and All My Children:

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 Jan. 13, 2012 ABC finale impossible.

“We believed the timing was right to launch an Online TV Network anchored by these two iconic soap operas, but 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.

“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.

“In our opinion, new models like this can only work with the cooperation of many people striving to make them happen, and we would like to thank and praise the numerous people who tried to help and showed us incredible support. We are extremely grateful to the fans and media who showed great support to us through this process, to ABC who did everything in their control to help, and we are especially grateful for the support and encouragement from many of the soaps’ cast and crew themselves.

“We hope that our efforts are not lost, and that we somehow created a dialogue and movement on the feasibility of first run, network quality content online. Of special note, we would like to thank Frank Valentini (Executive Producer), Ron Carlivati (Head Writer of OLTL), Agnes Nixon, many of the cast of OLTL including Michael Easton, Ted King, Kelley Missal, Melissa Archer, and of course Erika Slezak all of whom signed on quickly and did all they could to help, as well as our own Christine Sacani. Cameron Mathison and Lindsay Hartley also get our sincerest thanks for their support. We feel terrible we couldn’t come through for them and we were very much looking forward to working together.”