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Viewing Single Post From: PP files for bankruptcy
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Drew
Mar 16 2014, 02:37 PM
Tammy
Mar 15 2014, 07:38 PM
natdot99
Mar 12 2014, 09:25 PM
Mason
Mar 12 2014, 08:41 PM

Quoting limited to 4 levels deep


That would mean ABC would have to rebuy the rights back from PP in regards to both shows. I knew PP was doomed considering that they took too long to reboot both show. Two years is a long time to leave the actors and supporting staff in limbo in PP trying to get their act together.
I thought the rights reverted back to ABC if PP didn't make anymore shows?
They do. The chocolate bar is wrong.

As with all standard licencing agreements, the rights revert to the owner (ABC, always has been) if the licensee doesn't produce any content for a period of time specified in the contract. Prospect Park received an extension on this period when they decided to start production again after the "Mega soap" revived interest in the overall genre with the mainstream media.
Thanks, Drew. I was almost sure that ABC still owned the rights, but I wasn't positive, so I didn't say anything.
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