While streamers cut costs, Amazon makes a massive bet with 'Lord of the Rings'

After much anticipation, 'The Lord of the Rings: The Rings of Power' finally debuts on Amazon Prime Video on Friday. It represents one of the biggest bets in streaming history.

New York After much anticipation,"The Lord of the Rings: The Rings of Power" finally debuts on Amazon Prime Video on Friday. It represents one of the biggest bets in streaming history.

The series, which takes place thousands of years before the events of J.R.R. Tolkien's"Lord of the Rings" trilogy, is considered to be the"the most expensive show of all time," according to The Hollywood Reporter, which said the series carries a reported budget of an estimated $465 million for its first season.The show's budget is notable on its own, but the series as arriving at a pivotal transition for streaming.

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