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.

Is the following statement correct based on the text

is the show riverdale based off of archie comics
yes