'One Life To Live' Online: 'All My Children,' 'OLTL' Returning Via The Online Network

The shows will begin production in February. Prospect Park signed agreements with SAG-AFTRA, the actors union, and DGA, the Directors Guild of America, clearing a hurdle in getting the soaps back into production.

Agnes Nixon, the creator of "All My Children" and "One Life to Live" will consult on the two soaps. Foz McDermott will act as the head of production at The Online Network, while Jennifer Pepperman will serve as executive producer of "One Life to Live" and Ginger Smith will executive produce "All My Children."

In a statement Prospect Park announced it has secured necessary financing to get the soaps back into production.

"We thank the loyal audience and new generation of fans of both shows who have demonstrated that passion and exciting story lines are not just reserved for traditional television," Jeff Kwatinetz and Rich Frank of Prospect Park said in a statement. "Their enduring support encouraged us to move forward each and every day. We look forward to sharing more details including our launch air date and additional specifics in the coming weeks."

No official casting has been announced. However, "All My Children" star Vincent Irizarry announced he signed on to return to the series.

ABC canceled the two soap operas in 2011. However, months later, Prospect Park reached an agreement to revive the soaps. The very public acquisition came to a halt as the company ran into difficulties securing funding to take two 40-plus-year-old soaps from TV to web.

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