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Prospect Park Sues ABC for $25 Million in Damages Over Licensing Agreement
Topic Started: Apr 19 2013, 11:12 PM (77 Views)
Hooks
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According to Deadline, Prospect Park has filed a lawsuit against ABC claiming the network “has been breaking the licensing agreement and sabotaging Prospect Park’s efforts to continue ‘All My Children‘ and ‘One Life to Live‘ online.” Prospect Park is seeking $25 million in monetary damages. It is understood that the lawsuit won’t hinder the launches of either soap when they premiere in less than two weeks nor take away from the red carpet premiere schedule for next week in New York City.

“These shows will go forward, and Prospect will address its right sin Court,” the suit said. “Regardless of how successful Prospect may be,the fact remains that ABC did not deliver what it promised, Prospect did not get what it paid for,and Prospect is now entitled to recovermillions of dollars in damages for ABC’s egregious conduct.”
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Hooks
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Prospect Park co-founders Rich Frank and Jeff Kwatinetz have released the following statement to Soap Opera Network shortly after word broke that the company has decided to sue ABC over what it considers a breach of its licensing agreement.

“Prospect Park has been and continues to be committed to creating and delivering exceptional episodes of ‘All My Children‘ and ‘One Life to Live.’ We have overcome each and every obstacle in an effort to make this dream become a reality. Over and over again our effort to bring these shows to audiences has faced challenges, and yet we along with the actors, the writers, producers and the directors as well as our fans, have confronted and then overcome these challenges, and we have every confidence that we will prevail again. We look forward to our April 29 launch now more than ever.”
Edited by Hooks, Apr 19 2013, 11:13 PM.
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Prospect Park "claims" that they haven't seen nor heard of the complaint, but the complaint can be viewed here via The Hollywood Reporter.

PP vs. ABC
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