AMC and OLTL to Relaunch on Hulu, iTunes

ABC's "All My Children" - 2011Prospect Park has reached an agreement with Hulu and the iTunes Store to distribute the all-new episodes of All My Children and One Life to Live that are commencing production early this year with an eye on a springtime premiere.

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“Hulu’s reach, platform and advertising prowess are best in class, and iTunes provides an incredible way to buy TV shows that is second to none,” Prospect Park CEO Jeff Kwatinetz said in a statement. “Through both of these partners, we hope daytime drama fans are absolutely delighted to be able to watch their favorite programs in a broadcast-quality HD format wherever and whenever they want.”

Episodes will be available via the free Hulu.com service, as well as to Hulu Plus subscribers. UPDATE: To be clear, TheOnlineNetwork.com/TOLN.com will not be hosting the episodes as previously announced.

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Per its press release, Prospect Park’s plan for the revived AMC and OLTL is “to blend new themes, fresh stars and youthful energy with the familiar actors and writers who made these shows must-watch afternoon viewing for legions of loyal fans.”

Prospect Park also announced it has closed its financing with ABRY Partners, a media-focused private equity investment firm. “[W]e strongly believe that [Prospect Park] will continue to be a leader in their innovative approach to content creation,” said ABRY partner Brent Stone.