ABC announced in 2011 it was canceling the decades-old daytime dramas to make way for more popular reality-lifestyle programming.
New 30-minute episodes of the revived soap operas are set to begin this spring and will air each weekday. The installments will be available to stream online via the free Hulu.com service and to subscribers of Hulu Plus.
The iTunes Store will offer both series via iPhone, iPad, iPod Touch, Apple TV and Mac or PC.
"Breathing new life into the storied franchises, Prospect Park and TOLN will blend updated themes and fresh faces with the fan-favorite Emmy-winning actors and writers who made these series must-watch viewing for legions of loyal fans," a news release said.