‘Stranger Things’ Officially Replaced, Netflix Heading in New Direction

– Highly popular science fiction-horror franchise created by the Duffer Brothers.

– Premiered on Netflix in 2016, set in 1980s Hawkins, Indiana.

– Follows the mysterious disappearance of Will Byers and the discovery of supernatural events, including the Upside Down and a girl named Eleven.

– Stranger Things broke numerous streaming records, including 286.79 million hours viewed during Season 4's premiere weekend.

– Season 5 has been confirmed, with writers working on the final season.

– Jenna Ortega's series "Wednesday" is positioned as Netflix's new flagship show.

– Netflix is looking to have multiple more seasons of "Wednesday" before it concludes.

– Netflix is looking to transition from "Stranger Things" to "Wednesday" as its flagship show.

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