I'd feel the same as you guys if we didn't just witness two gigantic franchises start struggling because people grew tired of being fed lazy and uninspired films/tv. The Marvels the most recent MCU film managed $206 million Worldwide, and Star Wars has diluted their brand so badly that the fans have become utterly apathetic to everything Star Wars.
We're a point that fans are so tired of lazy, uninspired sequels, reboots and prequels that even cast iron IP's like LOTR have no guarantee that new films will succeed. So yea maybe Rings of Power wasn't a failure, but it certainly hasn't helped and in the last 2 years since it dropped fan apathy has just snowballed.
So whilst this might be me doommongering but these new films need to succeed, both for the IP as a whole but also for UGB's chance of getting LOTR.