well, it wasn't as bad as they say it is, but there are plenty of problems, if Depp was ok in the role, the problem is mainly The Weeknd himself - there should be someone really charismatic in such role, and here we have some bland dude, ineptly posing as some mysterious guru-type. His acting was terrible. As if that wasn't enough, there are also his embarrassingly bad songs in the background. And when I've realized he was behind this project as a producer and with "created by" credit... well, instant cringe overload.
The second problem is that there is not enough plot for 5 episodes and they drag a lot (especially the first two, but then it only gets a little better) - slim it down to 2 hours movie and it would make the watch much better. Introduction of the main character's ex-boyfriend is very clumsy (they pull him out of a hat at some point), and the ending could be better, but at least it ends in such way that there is no need for continuation.