67°

Topics

Prospect
Soap opera producer Prospect Park files for bankruptcy protection
Soap opera producer Prospect Park files for bankruptcy protection

Prospect Park Networks -- the production company that launched with high hopes of bringing two canceled ABC soap operas back to life -- has put itself on legal life support. The production firm based in Century City, headed by veteran producers Jeff Kwatinetz and Rich Frank, said Monday that it has filed for Chapter 11 bankruptcy protection. The group spent nearly three years and more than $10 million trying to revive two canceled daytime dramas, "All My Children" and "One Life to Live," that ran for four decades on the ABC television network. Prospect Park secured the rights to the dramas in 2011 after ABC announced that it would end the two series. ON...

Loading