Fans of the ABC Soap Operas “All My Children” and “One Life to Live” have been thrown a lifeline. A company looking for keystone content for its new online network has purchased the online rights to the shows and plans to continue them keeping the same cast and crew intact. The company, Prospect Park, is led by Rich Frank, a former Disney Studios executive and it plans to create a Hulu-style web site for shows like AMC and OLTL.

So, Soap Opera fans, is this the right move? Will you watch a serialized show via a website or is the technology not yet there to make this a regular thing?

Update: it’s official. Disney/ABC made the announcement today. Disney is actually licensing the properties to Prospect Park.

( via the NY Post)