It's true that Sy-Fy was (briefly) looking at picking up both the Event and L&K, but they've since confirmed that they're passing on them both.
Tears of joy, Michael, Sy-Fy passed on it, tears of joy. How they do their effects budget scared me the most. Granted, the core story is about a broken family trying to rebuild, constantly bad CG and obvious green screening, would have been too distracting. I'm OK with this remaining a comic series. Granted, I would have enjoyed to see another perspective of it, but I guess it wasn't in the cards.