Amazon Studios boss Jennifer Salke says The Lord of the Rings: The Rings of Power will continue as long as it keeps up its 150 million viewer range. "[That 50-episode] commitment is never the thing that’s driving what we’re doing,

However, thankfully, Amazon has no plans of stopping it. Back in 2022, Empire reported that the streamer bought a 50-hour series, meaning, Rings of Power should go on for approximately five seasons. In that story, co-showrunner JD Payne explained that this project has “a clear beginning, middle and end,” and that’s how they pitched it.

"We’ll continue to make the show as long as we see global customers loving it and watching it...So I feel really good. I think we all do." That's not the same as "season 3 is happening."