Online magazine celebrating the world of soaps

More Details on Prospect Park Networks Bankruptcy; Company Owes ABC $1.7 Million

As we reported yesterday, Prospect Park Networks — the company behind the online re-launch of soaps “” and “” — has filed for Chapter 11 bankruptcy. And as news of the latest PPN vs. ABC twist spread, further details were revealed: The production company reportedly owes ABC $1.7 million, and it also owes some big name actors large sums of money, as well!

According to documents secured by The Hollywood Reporter, Prospect Park Networks owes a whopping $1.7 million to ABC, $750,000 to the law firm of Andrews Kurth (which is representing PPN in the company’s ongoing lawsuit with ABC), $112,000 to the law firm of Lavely & Singer (which is also helping in the battle against ABC), $86,000 to the Screen Actors Guild and about $50,000 to the Directors Guild. In addition, the company reports owing actress (Victoria Lord, “OLTL”) $205,000 and showrunner $76,000.

Soap Opera Digest is reporting that PPN also owes $345,000 to the Connecticut Film Center (where the online versions of “AMC” and “OLTL” taped), $565,000 to NEP Broadcasting (a teleproduction service company), and $60,000 to actor (David Vickers, “OLTL”).

Comments