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The new She-Ra wasn't exactly a success. I'm not sure what viewership on it looked like since it was a Netflix series, but it didn't seem to be aimed at little girls, like Mattel had wanted-- Noelle Stevenson, the show runner was essentially handed the gig due to nepotism and wasn't qualified to even make the show in the first place, being only in her 20's. She got the job more or less because she was friends with people and wasn't a fan of She-Ra or MOTU, and essentially rebranded it as AVATAR, but with a deliberate push for gender politics, and "diversity" which usually means removing white characters and putting gay relationships in a show, as well as making characters deliberately ugly for whatever reason, despite that such ideas aren't exactly new or groundbreaking. Steven Universe already did this, and IDW did this with just about all of their modern takes on comics based on toy properties, such as Jem, or G.I. Joe.
Mattel didn't even produce toys initially, with Super7 producing two action figures with low articulation based on the series. Then dolls came out about a year later and were quickly clearanced out.
The show itself was deceptively listed as having multiple seasons, making it sound as if it were more successful than it really was, when the number of episodes had been ordered from the very beginning, with 52 episodes total. 52 episodes used to be considered ONE SEASON OF A CARTOON. Sure they list it as 5 seasons, but 52 episodes is what a season of a cartoon used to always be, and then if a show was really popular a network would renew it for more seasons, such as the 80's cartoon G.I. Joe, which had two mini-series, then a 55 episode first season, and then a second season with 30 episodes, followed by a movie, then was picked up for by DIC, who did another mini-series followed by another two seasons! The original She-Ra for example had 93 episodes! And it was essentially a spin-off/ continuation of He-Man, which had 131 episodes!