Prospect Park (production company)

Last updated
Prospect Park
Genre Television production company, music management, record label
Founded2008
FounderRichard H. Frank, Jeff Kwatinetz, Peter Katsis
Headquarters Los Angeles, California, United States

Prospect Park is a Hollywood entertainment production company, founded in 2008 by Richard H. Frank, a former executive at the Walt Disney Television, and Jeff Kwatinetz, former CEO of the talent agency The Firm, Inc., [1] and music manager Peter Katsis. Based in Century City, California, and embodies three distinct business units: music management, television production, and a record label. On May 3, 2011, former ABC executive Josh Barry joined the company to lead the production company.

Contents

The production company produced USA Network television series Royal Pains , as well as the FX Network series Wilfred and the WGN America series, Salem . The music division is divided into the management department, which guides the careers of music artists, and Prospect Park Records, an independent record label which has served as the label home to artists such as Five Finger Death Punch, Korn, and Mindset Evolution. In 2014, it added British chart toppers You Me at Six and New York rapper Azealia Banks to its roster. [2] [3]

In 2013, Prospect Park launched its own web channel, The Online Network, with revivals of the long-running daytime soap operas One Life to Live and All My Children . Later that year it filed a lawsuit against ABC, the licensee of those series, and the Prospect Park Networks division filed for Chapter 11 bankruptcy in 2014. The production and music divisions remained unaffected, and in 2015 were positioned as subordinate entities to a reactivated The Firm, Inc.

The Online Network

The Online Network
New TOLN logo.png
CountryUnited States
Programming
Language(s)English
Picture format 720p (HD) Widescreen
Ownership
OwnerProspect Park
History
Launched29 April 2013
Links
Website http://www.theonlinenetwork.com/ www.toln.com (inactive)
Availability
Streaming media
Hulu TOLN
Blog Talk Radio TOLN

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. [4]

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. [5] [6]

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. [7] [8] On November 23, 2011, Prospect Park suspended its plans altogether to launch an online channel with All My Children and One Life to Live. [9] A year later, it was announced the plans were revived. [10]

On January 7, 2013, it was confirmed via press release that Prospect Park's The Online Network would launch and that All My Children and One Life to Live would serve as anchor programming. Production of the shows resumed on February 25, 2013. [11] [12] The soap operas premiered with new 30 minute episodes on Hulu, Hulu Plus and iTunes on April 29, 2013. [11] TOLN also produced a series of behind the scenes promotional "episodes" called MORE All My Children and MORE One Life to Live, [13] [14] as well as a radio talk show centered on the programs, called TOLN SOAPS Live with Michael Fairman . [15]

Litigation and bankruptcy

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 lawsuit are allegations of 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, and claiming that one One Life to Live character was actually a General Hospital character. [16]

On June 6, 2013, production of both shows was halted due to a labor dispute with the International Alliance of Theatrical Stage Employees labor union, which was resolved two months later. [17] On September 3, 2013, Prospect Park announced production of All My Children and One Life to Live would be suspended until the lawsuit with ABC was resolved. [18] On November 11, 2013, several All My Children cast members announced that Prospect Park had closed production and canceled the series again. [19] [20]

On March 10, 2014, Prospect Park Networks announced that it had filed for Chapter 11 bankruptcy protection while it continued its lawsuit against ABC. [21] ABC subsequently filed a countersuit seeking unpaid licensing fees. [22] TOLN was dissolved later that year. The Firm, Inc. was reactivated in August 2015, with Prospect Park Productions as a subordinate entity continuing to produce its series, including Royal Pains and Salem, and the music divisions similarly unaffected. [23] [24] [25]

ABC's countersuit was dismissed in October 2016, and Prospect Park's lawsuit was dismissed in December 2016, with the rights to All My Children and One Life to Live reverting to ABC. [26]

Related Research Articles

A soap opera, or soap for short, is a typically long-running radio or television serial, frequently characterized by melodrama, ensemble casts, and sentimentality. The term "soap opera" originated from radio dramas originally being sponsored by soap manufacturers. The term was preceded by "horse opera", a derogatory term for low-budget Westerns.

<i>All My Children</i> American television soap opera

All My Children is an American television soap opera that aired on ABC from January 5, 1970, to September 23, 2011, and on The Online Network (TOLN) from April 29 to September 2, 2013, via Hulu, Hulu Plus, and iTunes.

<span class="mw-page-title-main">Erika Slezak</span> American actress

Erika Alma Hermina Slezak is an American actress, best known for her role as Victoria "Viki" Lord on the American daytime soap opera One Life to Live from 1971 through the television finale in 2012 and again in the online revival in 2013. She is one of the longest-serving serial actors in American media. For her portrayal of Viki, she has won six Daytime Emmy Awards, the most of any daytime drama actress.

<i>One Life to Live</i> American television series

One Life to Live is an American soap opera broadcast on the ABC television network for more than 43 years, from July 15, 1968, to January 13, 2012, and then on the internet as a web series on Hulu and iTunes via Prospect Park from April 29 to August 19, 2013. Created by Agnes Nixon, the series was the first daytime drama to primarily feature ethnically and socioeconomically diverse characters and consistently emphasize social issues. One Life to Live was expanded from 30 minutes to 45 minutes on July 26, 1976, and then to an hour on January 16, 1978.

<i>General Hospital</i> American television soap opera

General Hospital is an American daytime television soap opera. It is listed in Guinness World Records as the longest-running American soap opera in production, and the second in American history after Guiding Light. Concurrently, it is the world's third longest-running scripted drama series in production after British serials The Archers and Coronation Street, as well as the world's second-longest-running televised soap opera still in production. General Hospital premiered on the ABC television network on April 1, 1963. General Hospital is the longest-running serial produced in Hollywood, and the longest-running entertainment program in ABC television history. It holds the record for most Daytime Emmy Awards for Daytime Emmy Award for Outstanding Drama Series, with 14 wins.

Melissa Jean Archer is an American actress best known for her portrayal of Natalie Buchanan on One Life to Live, portraying the role from 2001 until its final episode in 2013. She also portrayed the character of Serena Mason on the NBC soap opera Days of Our Lives from December 5, 2014, to August 27, 2015, with brief one-off reappearances on September 28, 2015, and October 31, 2017.

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Lisa Connor is an American soap opera writer, producer, and director. She is a writer on the ABC Daytime and The Online Network serial drama All My Children.

Jeff Kwatinetz is an American entertainment industry executive. He is the former CEO of the Firm, Inc., a media production and talent management company in Santa Monica, California, and current COO of Cube Vision, the film and television production company he runs with his long-term partner Ice Cube. He is also the co-founder of Big3, a 3 on 3 professional basketball league.

<span class="mw-page-title-main">The Firm, Inc.</span> Artist and talent management company

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<span class="mw-page-title-main">Cutter Wentworth</span> Soap opera character

Cutter Wentworth is a fictional character on the ABC daytime soap opera One Life to Live. He was portrayed by Josh Kelly from December 29, 2010 to December 29, 2011. Kelly reprised the role when new daily episodes of OLTL began airing on Hulu via The Online Network from April 29, 2013 to August 19, 2013, until the show were both put on indefinite hiatus due to Prospect Park's lawsuit against ABC.

<i>Days of Our Lives</i> American daytime soap opera

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Denyse Tontz is a Salvadoran-American actress, singer, and songwriter. Tontz is known for her roles as Cortney Strathmore on Freeform's The Fosters, Miranda Montgomery on All My Children, Nikki Ortiz on Dog with a Blog, and most recently Elena on the 2017 Syfy series Incorporated and heroine Alicia Mendoza in the 2019 ABC summer series Grand Hotel. She is known in the music world for her single, "United States of Anxiety", debuted in 2016 by People.com.

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References

  1. ↑ Waxman, Sharon (March 19, 2004). "Leading Hollywood Talent and Marketing Companies Merge". New York Times .
  2. ↑ "Prospect Park Signs #1 U.K. Band You Me At Six - AllAccess.com". AllAccess.com. 2014-02-05. Retrieved 2014-11-25.
  3. ↑ "Prospect Park's Splinter: Where Azealia Banks, Backstreet Boys and Korn Have Landed". Billboard.
  4. ↑ Eng, Joyce (July 7, 2011). "ABC's Canceled Soaps Will Live Again Online". TV Guide . Retrieved July 7, 2011.
  5. ↑ Potts, Kimberly (September 28, 2011). "New Episodes of All My Children Will Premiere Online in January". Reuters. Retrieved October 6, 2011.
  6. ↑ Barnes, Brooks (October 5, 2011). "Rebirth for Soap Operas, and a Career". The New York Times . Retrieved September 12, 2015.
  7. ↑ "Soap News - Previews | ABC Soaps - Soaps In Depth". ABC Soaps In Depth. November 10, 2011. Retrieved December 17, 2012.
  8. ↑ Weisman, Jon (November 10, 2011). "All My Children online reboot in holding pattern". Variety . Retrieved December 4, 2016.
  9. ↑ Andreeva, Nellie (November 23, 2011). "It's Official: One Life To Live And All My Children Won't Continue Online". Deadline Hollywood . Retrieved December 17, 2012.
  10. ↑ Andreeva, Nellie (December 17, 2012). "HOLIDAY MIRACLE: Prospect Park Back On Track To Revive All My Children & One Life To Live After Deals With SAG-AFTRA & DGA". Deadline Hollywood. Retrieved December 4, 2016.
  11. 1 2 Barnert, Deanna (2013-03-05). "AMC and OLTL casts revealed at photo shoot". MSN. Archived from the original on March 5, 2013. Retrieved October 14, 2019.
  12. ↑ Andreeva, Nellie (2013-01-07). "Prospect Park Confirms All My Children & One Life To Live Revivals, Production To Begin In February".
  13. ↑ "More One Life to Live and More All My Children Premiere". Daytime Confidential . Archived from the original on 2013-08-23. Retrieved 2014-04-20.
  14. ↑ "Prospect Park Cuts New Episodes of All My Children and One Life to Live to Two a Week!". Daytime Confidential. Archived from the original on 2014-02-17. Retrieved 2014-04-20.
  15. ↑ "TOLN Soaps Live with Michael Fairman". BlogTalkRadio. Retrieved 2014-04-20.
  16. ↑ LEGAL SOAP OPERA UPDATE: ABC Calls $25M Prospect Park Suit “Baseless” Deadline Hollywood, April 23, 2013
  17. ↑ Prospect Park Halts Production to Soap Operas Over Union Dispute Enstars, June 6, 2013
  18. ↑ James, Meg (September 3, 2013). "Reviving canceled ABC soap operas becomes a real-life drama". Los Angeles Times . Retrieved January 27, 2014.
  19. ↑ Stanhope, Kate (November 11, 2013). "All My Children Dead (Again), Cast Members Say". TV Guide. Retrieved November 11, 2013.
  20. ↑ "'All My Children' Canceled: Online Soap Not Returning". Huffington Post. November 12, 2013. Retrieved November 12, 2013.
  21. ↑ James, Meg (March 10, 2014). "Soap opera producer Prospect Park files for bankruptcy protection". Los Angeles Times . Retrieved November 5, 2014.
  22. ↑ Kaplan, Jared (March 12, 2014). "ABC Countersues Prospect Park Networks!". Soap Opera Network . Retrieved December 4, 2016.
  23. ↑ Andreva, Nellie (August 7, 2015). "Jeff Kwatinetz To Relaunch The Firm Management & Production Company". Deadline Hollywood. Retrieved 9 September 2015.
  24. ↑ Fleming, Michael (November 6, 2008). "Jeff Kwatinetz resigns from the Firm". Variety. Retrieved 9 September 2015.
  25. ↑ Billboard Staff (August 7, 2015). "Jeff Kwatinetz Revives the Firm". Billboard . Retrieved 11 September 2015.
  26. ↑ Lewis, Errol (December 2, 2016). "Rights to All My Children and One Life to Live Revert Back to ABC". Soap Opera Network. Retrieved December 4, 2016.
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