'All My Children' and 'One Life to Live' will continue beyond their final ABC airdates, as previously reported. The soaps are heading online with a new multi-year and multi-platform deal with Prospect Park.

"'All My Children' and 'One Life to Live' are iconic pieces of television history that captivated millions of fans since their beginning over 40 years ago," ABC's head of daytime Brian Frons said in a statement. "Each of the shows have made an indelible mark on our culture's history and informed our consciousness in their own way. We are so glad Prospect Park has assumed the mantel for these shows and that they will continue for the fans."

Under the new deal, the two soaps will live online and will be accessible via any Internet-enabled device. They'll be the same length and format, and, according to the press release, the same quality.

UPDATE: ABC has confirmed the news: 'All My Children' and 'One Life to Live' have been saved.

The New York Post reports ABC has sold the rights to the beloved soaps to Prospect Park, a TV, film and music company.

The soaps will reportedly continue right where the televised finales end -- via web-only series. The soaps will air on an unnamed online TV network, much like Hulu, which may become home to other TV shows.

The same cast -- yes, even Susan Lucci -- and crew are expected to return.