Prospect Park Files For Bankruptcy

In a move that should come as no surprise, Prospect Park Networks has announced that it is filing for Chapter 11 bankruptcy protection. After ceasing production on the on-line versions of ALL MY CHILDREN and ONE LIFE TO LIVE last summer, PPN entered into a lawsuit with ABC regarding the rights to the soaps, but in a statement they declared “The Chapter 11 filing in no way impacts PPN’s litigation against the American Broadcasting Companies, Inc.” So it would seem this continuing drama isn’t quite over yet.