The deal has been made for All My Children & One Life To Live to continue on online! So get ready.

BURBANK, CA – July 7, 2011 – ABC has licensed its iconic soaps, “All My Children” and “One Life to Live” to Prospect Park, it was announced today by Brian Frons, President, Daytime, Disney/ABC Television Group & Janice Marinelli, President, Disney/ABC Domestic Television and Rich Frank & Jeff Kwatinetz of Prospect Park. The exclusive multi-year, multi-platform deal enables the soaps’ stories to continue beyond their finale dates on ABC. ABC will broadcast its final episode of “All My Children” on Friday, September 23rd and will air the final episode of “One Life to Live” in January, 2012.

The licensing agreement, brokered by Disney/ABC Domestic Television Group, enables Prospect Park to continue production of “All My Children” and “One Life to Live” beyond their life on ABC. Prospect Park will produce and deliver the two long-running programs to consumers via online formats and additional emerging platforms including internet enabled television sets. Under the terms of the arrangement, the programs will continue to be delivered with the same quality and in the same format and length. Additional details of the new productions and tune-in will be forthcoming from Prospect Park.

My friend Colleen has told me that according to Bobbie Eakes’ (Krystal) Twitter — the cast has been released from their current contracts pending negotiations with Prospect Park. We’ll keep you updated on Natalie’s status with the show. The plan is to continue on with the current hour long format of the show online but further details are not yet known i.e. how many days a week it will air etc. But for now enjoy this major victory soap fans.