Tanis Fowler asks the question in a good article at The Hamilton Spectator.
[...] The Pike series, meanwhile, is based on the book “The Midnight Club,” which features a group of terminally ill teens at a hospice who gather together to tell scary stories, confront their fear of dying and make a pact to reach out from beyond the grave.
[...] “The Midnight Club” shares some similarities with preteen horror anthology series “Are You Afraid of the Dark?” and stars Heather Langenkamp, who final-girled her way through various Freddy Krueger movies.
[...] “They’re kind of having to satisfy three different generations who all have very different values and expectations,” said [Fear Street fan Jessica] Guess.
“And that is a big problem with those books; they were not diverse, they were not very inclusive, most times the girls were in the victim seat … so updating some of those tropes is a big job.” (Source)
I think it's interesting that we've seen a renewed interest in Stephen King's work from the 70s and 80s, with homages like Stranger Things and the IT remake, and now we're seeing a revival of Pike, Stine and the YA horror of the 80s and 90s. The folks who once read those books are now the ones old enough to make films and TV series'.
Perhaps we'll see a resurgence in the YA suspense/horror genre itself? If so, how much of the pulpy nature of those books will be revived? That's one of the things that made 'em fun.