ABC tried to re-introduce the show as a daytime series in 1985, but it was canceled just months after its premiere, due losing out in the ratings to The Price Is Right.
Another attempt was made by ABC in the late-90s, with Melissa Joan Hart attached to star, but the project never went to series despite its pilot episode airing in 1999.
Ted Sarandos isn’t the first bigwig to try and spark interest in a Love, American Style reboot, either, as other television networks have tried and failed to bring the show back in the past.