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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]], and [[Jeff Kwatinetz]], former CEO of the talent agency [[The Firm, Inc.]],<ref>{{Cite news | last = Waxman | first = Sharon | title = Leading Hollywood Talent and Marketing Companies Merge | newspaper = [[New York Times]] | date = March 19, 2004 | url =https://query.nytimes.com/gst/fullpage.html?res=9D01E7D81331F93AA25750C0A9629C8B63&sec=&spon=&partner=permalink&exprod=permalink }}</ref> and music manager [[Peter Katsis]]. Based in Century City, California, and embodies three distinct business units: music management, record label, and television production. On May 3, 2011, former [[American Broadcasting Company|ABC]] executive Josh Barry joined the company to lead the production company.
'''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.]],<ref>{{Cite news | last = Waxman | first = Sharon | title = Leading Hollywood Talent and Marketing Companies Merge | newspaper = [[New York Times]] | date = March 19, 2004 | url =https://query.nytimes.com/gst/fullpage.html?res=9D01E7D81331F93AA25750C0A9629C8B63&sec=&spon=&partner=permalink&exprod=permalink }}</ref> and music manager [[Peter Katsis]]. Based in Century City, California, and embodies three distinct business units: music management, record label, and television production. On May 3, 2011, former [[American Broadcasting Company|ABC]] executive Josh Barry joined the company to lead the production company.


The production company produced [[USA Network]] television series ''[[Royal Pains]]'', as well as the [[FX Network]] series ''[[Wilfred (U.S. TV series)|Wilfred]]'' and the [[WGN America]] series, ''[[Salem (TV 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 serves 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.<ref name="YMAS signed">{{cite web | url=http://www.allaccess.com/net-news/archive/story/126554/prospect-park-signs-1-u-k-band-you-me-at-six | title=Prospect Park Signs #1 U.K. Band You Me At Six - AllAccess.com | publisher=AllAccess.com | date=2014-02-05 | accessdate=2014-11-25}}</ref><ref>{{cite web|url=http://www.billboard.com/articles/business/6516743/prospect-park-roster-azealia-banks-backstreet-boys-korn|title=Prospect Park's Splinter: Where Azealia Banks, Backstreet Boys and Korn Have Landed|work=Billboard}}</ref>
The production company produced [[USA Network]] television series ''[[Royal Pains]]'', as well as the [[FX Network]] series ''[[Wilfred (U.S. TV series)|Wilfred]]'' and the [[WGN America]] series, ''[[Salem (TV 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 serves 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.<ref name="YMAS signed">{{cite web | url=http://www.allaccess.com/net-news/archive/story/126554/prospect-park-signs-1-u-k-band-you-me-at-six | title=Prospect Park Signs #1 U.K. Band You Me At Six - AllAccess.com | publisher=AllAccess.com | date=2014-02-05 | accessdate=2014-11-25}}</ref><ref>{{cite web|url=https://www.billboard.com/articles/business/6516743/prospect-park-roster-azealia-banks-backstreet-boys-korn|title=Prospect Park's Splinter: Where Azealia Banks, Backstreet Boys and Korn Have Landed|work=Billboard}}</ref>


In 2013, Prospect Park launched its own web channel, The Online Network, with revivals of the long-running daytime [[soap opera]]s ''[[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.
In 2013, Prospect Park launched its own web channel, The Online Network, with revivals of the long-running daytime [[soap opera]]s ''[[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.
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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 [[Internet television|online TV and interactive media network]].<ref>{{cite web|url=http://www.tvguide.com/News/ABC-Soaps-Online-1035002.aspx |title=ABC's Canceled Soaps Will Live Again Online |last=Eng|first=Joyce|work=[[TV Guide]] |date=July 7, 2011 |accessdate=July 7, 2011}}</ref>
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 [[Internet television|online TV and interactive media network]].<ref>{{cite web|url=https://www.tvguide.com/News/ABC-Soaps-Online-1035002.aspx |title=ABC's Canceled Soaps Will Live Again Online |last=Eng|first=Joyce|work=[[TV Guide]] |date=July 7, 2011 |accessdate=July 7, 2011}}</ref>


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.<ref name="Reuters">{{cite news|last=Potts |first=Kimberly |url=https://www.reuters.com/article/2011/09/28/idUS273846887220110928 |title=New Episodes of ''All My Children'' Will Premiere Online in January |publisher=Reuters |date=September 28, 2011|accessdate=October 6, 2011}}</ref><ref name="NYT TOLN">{{cite news|last1=Barnes|first1=Brooks|title=Rebirth for Soap Operas, and a Career|url=https://www.nytimes.com/2011/10/06/business/media/using-soap-operas-jeff-kwatinetz-plans-an-online-tv-network.html|accessdate=September 12, 2015|work=[[The New York Times]]|date=October 5, 2011}}</ref>
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.<ref name="Reuters">{{cite news|last=Potts |first=Kimberly |url=https://www.reuters.com/article/2011/09/28/idUS273846887220110928 |title=New Episodes of ''All My Children'' Will Premiere Online in January |publisher=Reuters |date=September 28, 2011|accessdate=October 6, 2011}}</ref><ref name="NYT TOLN">{{cite news|last1=Barnes|first1=Brooks|title=Rebirth for Soap Operas, and a Career|url=https://www.nytimes.com/2011/10/06/business/media/using-soap-operas-jeff-kwatinetz-plans-an-online-tv-network.html|accessdate=September 12, 2015|work=[[The New York Times]]|date=October 5, 2011}}</ref>


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''.<ref name="Soap in depth">{{cite web|url=http://abc.soapsindepth.com/2011/11/prospect-park-puts-amc-on-hold.html |title=Soap News - Previews &#124; ABC Soaps - Soaps In Depth |publisher=[[ABC Soaps In Depth]] |date=November 10, 2011|accessdate=December 17, 2012}}</ref><ref name="Variety">{{cite news| url=http://www.variety.com/article/VR1118045983?refCatId=14 | work=[[Variety (magazine)|Variety]] | first=Jon | last=Weisman | title=''All My Children'' online reboot in holding pattern | date=November 10, 2011 |accessdate=December 4, 2016}}</ref> 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''.<ref>{{cite web|last=Andreeva |first=Nellie |url=http://www.deadline.com/2011/11/its-official-one-life-to-live-and-all-my-children-wont-continue-online/ |title=It's Official: ''One Life To Live'' And ''All My Children'' Won't Continue Online |website=[[Deadline Hollywood]] |date=November 23, 2011 |accessdate=December 17, 2012}}</ref> However, a year later, it was announced the plans were revived.<ref>{{cite web |url=http://www.deadline.com/2012/12/all-my-children-returning-soap-operas-one-life-to-live-online-web-series/ |title=HOLIDAY MIRACLE: Prospect Park Back On Track To Revive ''All My Children'' & ''One Life To Live'' After Deals With SAG-AFTRA & DGA |website=Deadline Hollywood |last=Andreeva |first=Nellie |date=December 17, 2012|accessdate=December 4, 2016}}</ref>
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''.<ref name="Soap in depth">{{cite web|url=http://abc.soapsindepth.com/2011/11/prospect-park-puts-amc-on-hold.html |title=Soap News - Previews &#124; ABC Soaps - Soaps In Depth |publisher=[[ABC Soaps In Depth]] |date=November 10, 2011|accessdate=December 17, 2012}}</ref><ref name="Variety">{{cite news| url=https://www.variety.com/article/VR1118045983?refCatId=14 | work=[[Variety (magazine)|Variety]] | first=Jon | last=Weisman | title=''All My Children'' online reboot in holding pattern | date=November 10, 2011 |accessdate=December 4, 2016}}</ref> 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''.<ref>{{cite web|last=Andreeva |first=Nellie |url=https://www.deadline.com/2011/11/its-official-one-life-to-live-and-all-my-children-wont-continue-online/ |title=It's Official: ''One Life To Live'' And ''All My Children'' Won't Continue Online |website=[[Deadline Hollywood]] |date=November 23, 2011 |accessdate=December 17, 2012}}</ref> However, a year later, it was announced the plans were revived.<ref>{{cite web |url=https://www.deadline.com/2012/12/all-my-children-returning-soap-operas-one-life-to-live-online-web-series/ |title=HOLIDAY MIRACLE: Prospect Park Back On Track To Revive ''All My Children'' & ''One Life To Live'' After Deals With SAG-AFTRA & DGA |website=Deadline Hollywood |last=Andreeva |first=Nellie |date=December 17, 2012|accessdate=December 4, 2016}}</ref>


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.<ref name="auto">{{cite web|url=http://social.entertainment.msn.com/tv/blogs/tv-buzz-blogpost.aspx?post=4857234f-217d-4db7-aa3f-a916a4449601|title=''AMC'' and ''OLTL'' casts revealed at photo shoot|archiveurl=https://web.archive.org/web/20130305151329/http://social.entertainment.msn.com/tv/blogs/tv-buzz-blogpost.aspx?post=4857234f-217d-4db7-aa3f-a916a4449601 |date=2013-03-05 |website=MSN|first=Deanna|last=Barnert|archivedate=March 5, 2013|accessdate=October 14, 2019|url-status=dead}}</ref><ref name="Deadline.com">{{cite news|last=Andreeva |first=Nellie |url=http://www.deadline.com/2013/01/prospect-park-to-confirm-all-my-children-one-life-to-live-revival-approaches-wga/ |title=Prospect Park Confirms ''All My Children'' & ''One Life To Live'' Revivals, Production To Begin In February |date=2013-01-07}}</ref> The soap operas premiered with new 30 minute episodes on [[Hulu]], [[Hulu Plus]] and [[iTunes]] on April 29, 2013.<ref name="auto"/> TOLN also produced a series of behind the scenes promotional "episodes" called ''MORE All My Children'' and ''MORE One Life to Live'',<ref name="zap2it1">{{cite web |url=http://daytimeconfidential.zap2it.com/2013/05/03/more-one-life-to-live-and-more-all-my-children-premiere-video |title=More One Life to Live and More All My Children Premiere |work=[[Daytime Confidential]] |date= |accessdate=2014-04-20 |archive-url=https://archive.is/20130823055924/http://daytimeconfidential.zap2it.com/2013/05/03/more-one-life-to-live-and-more-all-my-children-premiere-video |archive-date=2013-08-23 |url-status=dead }}</ref><ref>{{cite web |url=http://daytimeconfidential.zap2it.com/2013/05/16/prospect-park-cuts-new-episodes-of-all-my-children-and-one-life-to-live-to-two-a-week |title=Prospect Park Cuts New Episodes of All My Children and One Life to Live to Two a Week! |work=Daytime Confidential |date= |accessdate=2014-04-20 |archive-url=https://web.archive.org/web/20140217221215/http://daytimeconfidential.zap2it.com/2013/05/16/prospect-park-cuts-new-episodes-of-all-my-children-and-one-life-to-live-to-two-a-week |archive-date=2014-02-17 |url-status=dead }}</ref> as well as a radio talk show centered on the programs, called ''TOLN SOAPS Live with [[Michael Fairman (journalist)|Michael Fairman]]''.<ref>{{cite web|url=http://www.blogtalkradio.com/tolnsoaps |title=TOLN Soaps Live with Michael Fairman |publisher=BlogTalkRadio |date= |accessdate=2014-04-20}}</ref>
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.<ref name="auto">{{cite web|url=http://social.entertainment.msn.com/tv/blogs/tv-buzz-blogpost.aspx?post=4857234f-217d-4db7-aa3f-a916a4449601|title=''AMC'' and ''OLTL'' casts revealed at photo shoot|archiveurl=https://web.archive.org/web/20130305151329/http://social.entertainment.msn.com/tv/blogs/tv-buzz-blogpost.aspx?post=4857234f-217d-4db7-aa3f-a916a4449601 |date=2013-03-05 |website=MSN|first=Deanna|last=Barnert|archivedate=March 5, 2013|accessdate=October 14, 2019|url-status=dead}}</ref><ref name="Deadline.com">{{cite news|last=Andreeva |first=Nellie |url=https://www.deadline.com/2013/01/prospect-park-to-confirm-all-my-children-one-life-to-live-revival-approaches-wga/ |title=Prospect Park Confirms ''All My Children'' & ''One Life To Live'' Revivals, Production To Begin In February |date=2013-01-07}}</ref> The soap operas premiered with new 30 minute episodes on [[Hulu]], [[Hulu Plus]] and [[iTunes]] on April 29, 2013.<ref name="auto"/> TOLN also produced a series of behind the scenes promotional "episodes" called ''MORE All My Children'' and ''MORE One Life to Live'',<ref name="zap2it1">{{cite web |url=http://daytimeconfidential.zap2it.com/2013/05/03/more-one-life-to-live-and-more-all-my-children-premiere-video |title=More One Life to Live and More All My Children Premiere |work=[[Daytime Confidential]] |date= |accessdate=2014-04-20 |archive-url=https://archive.is/20130823055924/http://daytimeconfidential.zap2it.com/2013/05/03/more-one-life-to-live-and-more-all-my-children-premiere-video |archive-date=2013-08-23 |url-status=dead }}</ref><ref>{{cite web |url=http://daytimeconfidential.zap2it.com/2013/05/16/prospect-park-cuts-new-episodes-of-all-my-children-and-one-life-to-live-to-two-a-week |title=Prospect Park Cuts New Episodes of All My Children and One Life to Live to Two a Week! |work=Daytime Confidential |date= |accessdate=2014-04-20 |archive-url=https://web.archive.org/web/20140217221215/http://daytimeconfidential.zap2it.com/2013/05/16/prospect-park-cuts-new-episodes-of-all-my-children-and-one-life-to-live-to-two-a-week |archive-date=2014-02-17 |url-status=dead }}</ref> as well as a radio talk show centered on the programs, called ''TOLN SOAPS Live with [[Michael Fairman (journalist)|Michael Fairman]]''.<ref>{{cite web|url=http://www.blogtalkradio.com/tolnsoaps |title=TOLN Soaps Live with Michael Fairman |publisher=BlogTalkRadio |date= |accessdate=2014-04-20}}</ref>


==Litigation and bankruptcy==
==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.<ref>[http://www.deadline.com/2013/04/prospect-park-sues-abc-over-one-life-to-live-all-my-children-licensing-agreement/ LEGAL SOAP OPERA UPDATE: ABC Calls $25M Prospect Park Suit “Baseless”] ''Deadline Hollywood'', April 23, 2013</ref>
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.<ref>[https://www.deadline.com/2013/04/prospect-park-sues-abc-over-one-life-to-live-all-my-children-licensing-agreement/ LEGAL SOAP OPERA UPDATE: ABC Calls $25M Prospect Park Suit “Baseless”] ''Deadline Hollywood'', April 23, 2013</ref>


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.<ref>[http://www.enstarz.com/articles/19299/20130606/all-my-children-one-life-to-live-news-prospect-park-halts-production-soap-operas-over-union-dispute-video.htm Prospect Park Halts Production to Soap Operas Over Union Dispute] ''Enstars'', June 6, 2013</ref> 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.<ref name="OLTL suspended">{{cite news|title=Reviving canceled ABC soap operas becomes a real-life drama|url=http://articles.latimes.com/2013/sep/03/business/la-fi-ct-epic-soap-20130828|first=Meg|last=James|work=[[Los Angeles Times]]|date=September 3, 2013|accessdate=January 27, 2014}}</ref> On November 11, 2013, several ''All My Children'' cast members announced that Prospect Park had closed production and canceled the series again.<ref name="Cancellation 2013 (TVG)">{{cite web|url=http://www.tvguide.com/News/All-My-Children-Canceled-1073248.aspx|title=All My Children Dead (Again), Cast Members Say|last=Stanhope|first=Kate|work=TV Guide|accessdate=November 11, 2013|date=November 11, 2013}}</ref><ref name="Cancellation 2013 (HP)">{{cite web|url=http://www.huffingtonpost.com/2013/11/12/all-my-children-canceled_n_4259562.html|title='All My Children' Canceled: Online Soap Not Returning|work=Huffington Post|accessdate=November 12, 2013|date=November 12, 2013}}</ref>
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.<ref>[http://www.enstarz.com/articles/19299/20130606/all-my-children-one-life-to-live-news-prospect-park-halts-production-soap-operas-over-union-dispute-video.htm Prospect Park Halts Production to Soap Operas Over Union Dispute] ''Enstars'', June 6, 2013</ref> 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.<ref name="OLTL suspended">{{cite news|title=Reviving canceled ABC soap operas becomes a real-life drama|url=https://articles.latimes.com/2013/sep/03/business/la-fi-ct-epic-soap-20130828|first=Meg|last=James|work=[[Los Angeles Times]]|date=September 3, 2013|accessdate=January 27, 2014}}</ref> On November 11, 2013, several ''All My Children'' cast members announced that Prospect Park had closed production and canceled the series again.<ref name="Cancellation 2013 (TVG)">{{cite web|url=https://www.tvguide.com/News/All-My-Children-Canceled-1073248.aspx|title=All My Children Dead (Again), Cast Members Say|last=Stanhope|first=Kate|work=TV Guide|accessdate=November 11, 2013|date=November 11, 2013}}</ref><ref name="Cancellation 2013 (HP)">{{cite web|url=https://www.huffingtonpost.com/2013/11/12/all-my-children-canceled_n_4259562.html|title='All My Children' Canceled: Online Soap Not Returning|work=Huffington Post|accessdate=November 12, 2013|date=November 12, 2013}}</ref>


On March 10, 2014, Prospect Park Networks announced that it had filed for Chapter 11 bankruptcy protection while it continued its lawsuit against ABC.<ref name="PP Bankruptcy">{{cite news|title=Soap opera producer Prospect Park files for bankruptcy protection|url=http://articles.latimes.com/2014/mar/10/entertainment/la-et-ct-soap-opera-producer-prospect-park-bankruptcy-20140310|first=Meg|last=James|work=[[Los Angeles Times]]|date=March 10, 2014|accessdate=November 5, 2014}}</ref> ABC subsequently filed a countersuit seeking unpaid licensing fees.<ref>{{cite web|url=http://www.soapoperanetwork.com/2014/03/abc-countersues-prospect-park-networks|title=ABC Countersues Prospect Park Networks!|first=Jared|last=Kaplan|date=March 12, 2014|publisher=[[Soap Opera Network]]|accessdate=December 4, 2016}}</ref> 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.<ref name="deadline relaunch">{{cite news|last1=Andreva|first1=Nellie|title=Jeff Kwatinetz To Relaunch The Firm Management & Production Company|url=http://deadline.com/2015/08/jeff-kwatinetz-the-firm-relaunched-1201494743/|accessdate=9 September 2015|website=Deadline Hollywood|date=August 7, 2015}}</ref><ref name="Variety JK leaves">{{cite news|last1=Fleming|first1=Michael|title=Jeff Kwatinetz resigns from the Firm|url=https://variety.com/2008/film/markets-festivals/jeff-kwatinetz-resigns-from-the-firm-1117995427/|accessdate=9 September 2015|publisher=Variety|date=November 6, 2008}}</ref><ref name=Billboard>{{cite news|last1=Billboard Staff|title=Jeff Kwatinetz Revives the Firm|url=http://www.billboard.com/articles/news/6656725/jeff-kwatinetz-revives-the-firm|accessdate=11 September 2015|work=[[Billboard (magazine)|Billboard]]|date=August 7, 2015}}</ref>
On March 10, 2014, Prospect Park Networks announced that it had filed for Chapter 11 bankruptcy protection while it continued its lawsuit against ABC.<ref name="PP Bankruptcy">{{cite news|title=Soap opera producer Prospect Park files for bankruptcy protection|url=https://articles.latimes.com/2014/mar/10/entertainment/la-et-ct-soap-opera-producer-prospect-park-bankruptcy-20140310|first=Meg|last=James|work=[[Los Angeles Times]]|date=March 10, 2014|accessdate=November 5, 2014}}</ref> ABC subsequently filed a countersuit seeking unpaid licensing fees.<ref>{{cite web|url=http://www.soapoperanetwork.com/2014/03/abc-countersues-prospect-park-networks|title=ABC Countersues Prospect Park Networks!|first=Jared|last=Kaplan|date=March 12, 2014|publisher=[[Soap Opera Network]]|accessdate=December 4, 2016}}</ref> 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.<ref name="deadline relaunch">{{cite news|last1=Andreva|first1=Nellie|title=Jeff Kwatinetz To Relaunch The Firm Management & Production Company|url=https://deadline.com/2015/08/jeff-kwatinetz-the-firm-relaunched-1201494743/|accessdate=9 September 2015|website=Deadline Hollywood|date=August 7, 2015}}</ref><ref name="Variety JK leaves">{{cite news|last1=Fleming|first1=Michael|title=Jeff Kwatinetz resigns from the Firm|url=https://variety.com/2008/film/markets-festivals/jeff-kwatinetz-resigns-from-the-firm-1117995427/|accessdate=9 September 2015|publisher=Variety|date=November 6, 2008}}</ref><ref name=Billboard>{{cite news|last1=Billboard Staff|title=Jeff Kwatinetz Revives the Firm|url=https://www.billboard.com/articles/news/6656725/jeff-kwatinetz-revives-the-firm|accessdate=11 September 2015|work=[[Billboard (magazine)|Billboard]]|date=August 7, 2015}}</ref>


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.<ref>{{cite web|url=http://www.soapoperanetwork.com/2016/12/abc-regains-rights-to-all-my-children-and-one-life-to-live|title=Rights to ''All My Children'' and ''One Life to Live'' Revert Back to ABC|first=Errol|last=Lewis|date=December 2, 2016|publisher=Soap Opera Network|accessdate=December 4, 2016}}</ref>
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.<ref>{{cite web|url=http://www.soapoperanetwork.com/2016/12/abc-regains-rights-to-all-my-children-and-one-life-to-live|title=Rights to ''All My Children'' and ''One Life to Live'' Revert Back to ABC|first=Errol|last=Lewis|date=December 2, 2016|publisher=Soap Opera Network|accessdate=December 4, 2016}}</ref>

Revision as of 03:58, 20 February 2020

Prospect Park
GenreTelevision production company, music management, record label
Founded2008
FounderRichard H. Frank, Jeff Kwatinetz, Peter Katsis
HeadquartersLos 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, record label, and television production. On May 3, 2011, former ABC executive Josh Barry joined the company to lead the production company.

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 serves 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
CountryUnited States
Programming
Language(s)English
Ownership
OwnerProspect Park

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] 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.[9] However, 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]

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. ^ a b 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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