Without live sports, Netflix’s rumored foray into live streaming will be a damp squib. Innovating around engaging features might give Netflix an edge when it comes to wading late into the live sandbox, but with the streaming platform’s lean-back and chill reputation, will anyone take notice? As reports stand, courtesy of a Deadline exclusive out this week, Netflix is betting on live entertainment of the talent show variety to spearhead another diversification venture, following the streaming company’s recent U-turn on advertising. What will be critical to anything Netflix does with live streaming is audience interactivity. Initial plans on the table of the small internal team working on live streaming include allowing viewers to vote on dance shows, for example. Deadline…