A new Resident Evil: Welcome to Raccoon City. As with any new Resident Evil movie or TV project, there is a certain amount of audience anticipation going into the show's release, along with some semblance of trepidation. Resident Evil's history being adapted into the live-action realm has been hit and miss so far, with many items proving to be highly divisive.
One point in the Netflix Resident Evil show's favor is its lead creative mind Andrew Dabb, who has shown he can excel in the world of horror TV. Dabb served as showrunner for seasons 12-15 of CW hit Supernatural, after having worked on its creative staff since season 5. That kind of experience is great to have when setting out to add an entry into the sprawling Resident Evil franchise, one which encomes movies, shows, books, comics, and of course, video games.
Considering how recently Resident Evil: Welcome to Raccoon City released, it's only natural that many potential viewers of the Resident Evil TV show are wondering if it's a sequel to that movie. However, the answer is a firm no. Welcome to Raccoon City and the Netflix Resident Evil show were produced by two entirely separate teams, and aren't connected in any intentional way. Considering that the Netflix show is set decades after the 1998 T-Virus outbreak in Raccoon City though, it's certainly possible similar events from the games that Welcome to Raccoon City was inspired by will be referenced or explored.
According to showrunner Dabb, the Netflix Resident Evil series treats n up through Resident Evil: Village as having happened, so presumably any part of that could be referenced or incorporated in some way. Considering that Welcome to Raccoon City, despite hewing much closer to the games than the Milla Jovovich movie franchise, took many liberties with the timeline, it's probably a much simpler move to not worry about functioning as a follow-up. As mentioned though, since both had different producing teams, acknowledging each other may not have even been an option.
While it remains to be seen how Netflix's Resident Evil show will be received, it's probably a good thing either way that it doesn't directly tie to Resident Evil: Welcome to Raccoon City's ending. Not only did that movie get blasted by critics - 31% on Rotten Tomatoes - it sank like a stone at the box office, earning $41 million worldwide on a budget of $25 million. That might sound like a good return on the surface, but after marketing costs, it likely barely broke even, much less turned a profit. With this in mind, tying a new Netflix show to Welcome to Raccoon City's sunken ship would have been a mistake.