Reports state that Netflix has been in talks with ABC Studios about continuing to produce The River, an Amazonian found-footage/paranormal/action/horror series, for its streaming service. Still, it has been stressed that the conversations regarding the series are just exploratory, and a facet of a larger deal.
The Steven Spielberg-produced series never gained much ground while on ABC, achieving only a 1.4 18-49 rating in its Tuesday finale - but it's the sort of show, a genre serial, that works well on streaming providers.
While The River has yet to be officially cancelled, this is a likely conclusion. And since ABC owns ABC Studios, which produces the series, it wouldn't stand in the way with any potential deals with Netflix.