This was already attempted with shows like Stargate Universe, Terminator the Sarah Connor Chronicles, and Charlie Jade.
Terminator: The Sarah Connor Chronicles
All of these television properties showed promise, but failed to retain viewer-ship (by Nielsen ratings). SGU and TSCC both started to reach their stride late into their second season yet were canceled. Netflix could bring back one of these shows, but would have difficulty reviving either property due to actor's scheduling conflicts (Robert Carlyle is committed to Once Upon a Time, Lena Headey is committed to Game of Thrones).
On the other hand Charlie Jade saw a number of production issues with the replacement of their writing team early after the first few episodes and got much better toward the end. You might even see quite a number of similarities and liberties taken by JJ Abrams series Fringe lifting ideas from Charlie Jade. Sadly this show was canceled after one season in Canada and SyFy moved the show to 3am timeslot after the first episode(s).