"Lord of the Rings: The Rings of Power" showrunner Patrick McKay told UPI Season 1 set up the world of Middle-earth while the second season spotlights the creation of the titular talismans and the return of Sauron.

https://www.upi.com/Entertainment_News/TV/2024/10/03/lord-rings-rings-power-prime-video-interview/6971727984620/

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