There are two possible results, by my reckoning.

1. Viewership will organically be abysmal, and this will be blamed on "racist audiences" with endless lecturing.

2. Viewership will be artificially inflated so as to lend credibility to wokewashing. Endless uplifting articles about how racism is being defeated by love.

In Middle Earth, orcs can be niggers/islanders/amerindians and haradrim can be mideasterners/asian. That is my only concession to diversity.