Netflix might be getting into the TV show salvage business

It's an interesting idea. With proper copyright agreements, NF would be able to leverage their access to series all over the world. If the producers can reduce the cost per episode to the point this would make sense, the model could, very well, become the dominant one.

As far as "The Event" is concerned, I guess the first thing to do is to fire the current writers and hire someone off the street. That would be a huge improvement.