The showrunners said it doesn't.
Like I predicted, Macchio kept both productions in the loop so the storylines wouldn't contradict/not make sense. They all take place in the same universe.
https://www.hollywoodreporter.com/tv/tv-news/ralph-macchio-ending-cobra-kai-jackie-chan-new-karate-kid-movie-1235952128/
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The showrunners said it doesn't.
Like I predicted, Macchio kept both productions in the loop so the storylines wouldn't contradict/not make sense. They all take place in the same universe.
https://www.hollywoodreporter.com/tv/tv-news/ralph-macchio-ending-cobra-kai-jackie-chan-new-karate-kid-movie-1235952128/