Yes, unfortunately. There's going to be 5 of them. This is the third.
I personally enjoyed the first movie, but the second was a mess. After how bad the second one was and the whole stuff about J.K. Rowling in the past couple years, I'm not going to see this one. At least, I'm not going to pay extra to watch it. If it comes to one of the streaming services I have, I might eventually watch it.
WHAT???????
Who decided that? The genius who said, "Hey, remember that Hobbit book? We should make it into THREE movies. Because REASONS!"
(Note- "Reasons" is Hollywood Speak for $$money$$.)