ABC announced last April it was scrapping its long-running daytime dramas to make way for its new lifestyle series "The Chew" and "The Revolution." "AMC" wrapped up in September, while "OLTL" is to end in January.
"After five months of negotiations with various guilds, hundreds of presentations to potential financial and technology partners, and a hope that we could pioneer a new network for the future, it is with great disappointment that we are suspending our aspirations to revive 'One Life to Live' and 'All My Children' via online distribution," Prospect Park's Rich Frank and Jeff Kwatinez said in a joint statement issued to The Hollywood Reporter Wednesday.
"It is now becoming clear that mounting issues make our ability to meet our deadlines to get 'OLTL' on the air in a reasonable time period following its Jan. 13, 2012 ABC finale impossible."
Frank and Kwatinez initially planned to continue airing the daytime dramas on The Online Network, a new platform featuring original programming, starting early next year.
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