Company owners Jeff Kwatinetz and Rich Frank announced Monday they signed agreements with the Screen Actors Guild, the American Federation of Television and Radio Artists and the Directors Guild of America and plan to air new episodes of the daytime dramas on The Online Network, EW.com reported.
Production is to begin next month with the soaps' creator, Agnes Nixon, serving as a consultant.
"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," Kwatinetz and Frank said in a joint statement Monday. "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."
The shows were canceled in 2011 due to low ratings.
Prospect Park did is not say which cast members might return for the online versions, however, several stars of "One Life to Live" have since joined the ensemble of "General Hospital" as their "OLTL" characters.