Walt Willey, Susan Lucci, ALL MY CHILDREN

ABC/Ron Tom

One Life to Live has yet another life to live...and All my Children does, too!

The canceled ABC daytime soaps are coming back from the dead as Prospect Park has confirmed reports that they are reviving All My Children and One Life to Live for The Online Network. Yes, your favorite soaps are heading online!

Prospect Park's Rich Frank and Jeff Kwatinetz sent out a letter confirming the news and revealing that the two shows will begin production in February in Stamford, Conn.

After weeks of negotiations, Prospect Park has reached agreements with SAG and the DGA to bring the beloved daytime dramas back, Frank and Kwatinetz revealed in a press release issued by the entertainment company.

"Today we are also pleased to confirm that Prospect Park has: 1) signed guild agreements with both SAG-AFTRA (Screen Actors Guild and the American Federation of Television and Radio Artists) and the DGA (Directors Guild of America); 2) entered into a consulting agreement with Agnes Nixon the creator of All My Children and One Life to Live guaranteeing her active involvement; 3) hired Foz McDermott (coordinating producer Heroes) as TOLN's head of production, Jennifer Pepperman (Director, One Life to Live) as Executive Producer on One Life to Live, and Ginger Smith (Producer, All My Children) as Executive Producer on All My Children; and 4) arranged the necessary financing to begin production in February on both All My Children and One Life To Live.

"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," the statement continues. "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."

If you are interested in receiving updates on AMC and OLTL's revivals, sign up for 'em at The Online Network.

Deadline first reported the news of All My Children and One Life to Live's return.

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