Now that they've both aired their final episodes on broadcast television, cancelled soaps All My Children and One Life To Live are getting ready for their future on the internet.

The Prospect Park media company on Tuesday announced a name and tentative launch date for the online network that will host new epsiodes of ABC’s axed All My Children and One Life to Live.

The Online Network (aka TOLN), as it will be called, is expected to launch in January 2012 — just as OLTL airs its final ABC episode — “with the goal of eventually providing viewers with a full programming selection of first-run, long form content on an anytime, anywhere basis,” says the press release. The URL is TheOnlineNetwork.com/TOLN.com.

Online fans can expect quality programming, delivered with commercials.

We are creating TOLN to conveniently deliver fans of quality television long-form programming anytime and anywhere,” said Prospect Park founders Rich Frank and Jeff Kwatinetz in a statement. “With broadband availability in 70% of US households and the proliferation of internet enabled televisions, DVRs and wireless devices, ultimately we believe that online distribution provides the best platform to access 30 and 60 minute entertainment content. The viewer response to the shows we have licensed has been tremendous, and we have much more in development to appeal to a broad audience base.”

While Prospect Park has yet to officially comment on the possibility of this being a subscription-based service, sources tell TVLine that at launch time TOLN will be strictly ad-supported, like most online video hubs.

This is good news for fans of both One Life To Live and All My Children, however the news does come with a caveat:  Not everyone will be returning.

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