All My Children and One Life to Live fans have prayed for this day ever since they learned that their favorite daytime shows were canceled by ABC. You can stop the prayers and the tears, both shows have been saved and will continue to air but not on ABC.

ABC has licensed the two programs to Prospect Park, a media and production company which plans on continuing broadcasting AMC and OLTL past their ABC finales (set for September 23 and January 2012, respectively) via online formats and additional emerging platforms including internet-enabled television sets.

Rich Frank and Jeff Kwatinetz of Prospect Park said: “We are privileged to continue the legacy of two of the greatest programs to air on daytime television, and are committed to delivering the storylines, characters and quality that audiences have come to love for over 40 years. All My Children and One Life to Live are television icons, and we are looking forward to providing anytime, anywhere viewing to their loyal community of millions.”

Agnes Nixon, the creator of both series, had this to add: “I’m just so happy that ABC found a home where the legacies of All My Children and One Life to Live can continue. I’m excited for their future with Prospect Park. It takes a lot of living to make a soap opera a serial, and the wonderful teams on both shows have done just that. Together, we are a big family that keeps going, and I’m looking forward to working alongside these wonderful people as we ensure that the shows will continue with all the love and excitement we’ve always had. I also am so happy for our loyal fans, whom we love so much, and who have been so supportive over the last 40-plus years.”