So much money for so little.
It's absolutely insane when you think that the first 3 episodes of Ring of Power where barely anything happens cost around $350 millions.
Which is more than it cost to make all 3 LOTR movies ($281 million). Even with inflation taken into account, that would bring the LOTR budget to $500 million which means that by episode 4, Rings of Power will be on par with Jackson's movies.