Is that the only place the tv can go? Where it is now, only three people can view it comfortably without destroying their neck muscles. Please give us a hand drawn floor plan with measurements. I'd say right off the bat, the upholstered furniture shouldn't be right against the walls, but should come out from the wall so you can have a comfortable conversation with others. If you have to yell at people to be heard, the upholstered furniture is in the wrong place. I know you didn't ask about the lighting, but at the very least, you shuld start with a side table lamp or sconce at chest height in each corner.

Here are few more pictures I'll work on the floor plan w measurements

Here is a floor plan

What is the size of the sectional, and is it reversible?

Yes it can be arranged any which way

I don't love the sectional or the chairs so I'm not opposed to new furniture

What do we think of this layout? Obviously would need new furniture

You'd likely have to purchase a sofa not longer than about 84" to get that layout to work. The seating it way too far into the room opening & the TV would have to be placed on the wall between the two windows.

How many people do you need to seat in this room on a daily basis? How many watch TV together? Are recliners a must? Is a sectional a must?

We are a family of 5 ..don't need a sectional or recliner

With your floor plan...

The armchairs are swivel.

Could I fit an 88" wide and 43.5 deep sofa in? Love this one from crate and barrel

https://www.crateandbarrel.com/aris-88-deep-track-arm-sofa/s273938

Makes sense. Two different rooms.

Folks have suggested the TV and TV console on the wall with the Pictures. Really that makes the most sense for 5 people and optimal viewing. Hope you will go with that one.