Seems like the relationship is still intact.This sorta seems like it needs more recognition. Wednesday is a great big hit with significant crossover appeal, a distinctive aesthetic, and a big name creative team. It seems to be right in the sweet spot of the zeitgeist for an HHN house. If HHN hasn't completely burned their bridges with Netflix, a lineup of Wednesday, Stranger Things, and Chucky seems like one of the stronger IP slates they've had in a while. Maybe slip an 80s golden oldie in there and baby, you got a stew going.
Just like Murdy stated in his reply, they're doing their own thing. Specifically, Stranger Things. So don't expect Stranger Things anytime soon.