Read the following passage and answer if the question is true or false.
Passage: Riverdale is an American teen drama television series based on the characters of Archie Comics. The series was adapted for The CW by Archie Comics' chief creative officer Roberto Aguirre-Sacasa, and is produced by Warner Bros. Television and CBS Television Studios, in association with Berlanti Productions and Archie Comics. Originally conceived as a feature film adaptation for Warner Bros. Pictures, the idea was re-imagined as a television series for Fox. In 2015, development on the project moved to The CW, where the series was ordered for a pilot. Filming takes place in Vancouver, British Columbia.

Question: is the tv show riverdale based on the archie comics?

Is the answer True or False? Respond with only "True" or "False" and no additional text.
True.