Prospect Park Staffs Up for Online TV Venture

LOS ANGELES: Stratton Sclavos, the former chairman and CEO of VeriSign, has joined the new online TV network from Prospect Park, which recently scored a deal to continue production on the long-running soaps All My Children and One Life to Live after the ABC run ends.

Sclavos will serve as a partner, executive and board member, advising the network on technology, infrastructure and overall content delivery. Azure Capital’s Mike Kwatinetz, who was also named to the network’s board, will provide the company with strategic guidance.

Through its new online network, Prospect Park will produce and deliver the two long-running soap operas, as well as other episodic programming to consumers via online formats and additional emerging platforms, including Internet-enabled TVs. The network war formed by Jeff Kwatinetz and Rich Frank.

“With a best in class team, proprietary programming and an opportunity to reshape the television landscape, I could not be more excited to be joining Jeff and Rich in their new venture,” said Sclavos, who will also continue with his responsibilities at Radar Partners. “I believe that we have the breakthrough formula for delivering the first online channel for high-quality, first-run, long-form content.”
 
“Stratton has a deep understanding of the complicated opportunities and challenges facing content companies in this digital age,” added Kwatinetz and Frank. “He shares with us a common commitment and vision to not only deliver audiences great content anytime and anywhere, but to truly transform the entertainment landscape using the ease of technology to tell and deliver stories to people around the world.”

Kwatinetz commented, “I have been fortunate enough to have been involved with some of the biggest disruptive companies of the past two decades. I believe Prospect Park’s new online venture is going to be added to the list as its combination of team, properties and strategy changes the landscape for television and the web.”