This was attempted well over a decade ago by the makers of Pioneer One[0] which, hardly a surprise, failed to make enough money to continue. The quality of the episodes that were made was also subpar compared to traditional television of the time, though considering how low-budget some of today’s streaming shows feel, this may no longer be as noticeable for audiences today as it was then.
[0] https://en.wikipedia.org/wiki/Pioneer_One