Netflix plans real-life Squid Game reality TV show with $4.56m prize

Netflix Squid Game

Image Source: Dexerto

Netflix is looking for contestants for a reality TV program based on its most popular series, Squid Game. However, it will not be a life or death situation, as shown in the South Korean dystopian drama. Instead, 456 recruits from all around the world will compete in games where “the worst fate is going home empty-handed” and missing out on a prize pool of $4.56 million (£3.8 million). 

Earlier this week, Netflix confirmed that the popular show would be renewed for a second season.  On Wednesday, the platform claimed that Squid Game: The Challenge, a 10-episode series, will have the “biggest cast and lump cash reward in reality TV history.” 

“As [players] participate in a variety of games inspired by the original program – plus some surprising new additions – their plans, alliances, and character will be put to the test as competitors are removed around them,” the statement continued. 

Other important details about the game show 

Participants must be at least 21 years old to participate. In addition, they must be able to communicate in English and be ready for filming for up to four weeks in early 2023. 

The 456 participants are a reference to the fictitious series with the same number of characters, with Seong Gi-hun, the primary protagonist also referred to as Player 456. 

The South Korean thriller series follows a group of debt-ridden people as they compete in a deadly series of children’s games for a large cash reward. 

It is Netflix’s most-watched series of all time, with 111 million people watching it in the first 28 days of its release. 

Hwang Dong-hyuk, director, writer, and executive producer of Squid Game said in a statement on Monday: “Last year, the first season of Squid Game took 12 years to complete. But, on the other hand, Squid Game just needed 12 days to become the most popular Netflix series ever.” 

Netflix is up against stiff competition from streaming competitors but was also hurt after raising pricing and exiting Russia. It announced a dramatic loss in subscribers in April and warned that millions more were on the verge of leaving the streaming service. 

The firm’s market worth plummeted by more than $50 billion, and analysts warned it would be difficult to get back on track.

When is Squid Game Season 2 coming?

Netflix has also stated that season 2 of the original series is in the works and will be released at a later date. However, fans of the big successful drama series will have to wait for fresh episodes for well over a year. Hwang Dong-hyuk, the show’s creator, told Vanity Fair that the next set of episodes won’t be ready until the end of 2023 at the earliest. It’s also possible that Season 2 will be released in 2024. 

The series created history by becoming the first non-English-language series and the first Korean series to receive nominations for cast in a drama series, actor in a drama series (Lee Jung-jae), actress in a drama series (Jung Ho-yeon), and stunt ensemble at the 2022 Screen Actors Guild Awards. The winners were Lee Jung-jae and Ho-yeon. “Squid Game” was also nominated for three Golden Globes, including best television drama. 

According to confidential corporate data released to Bloomberg, Netflix spent $21.4 million for the first season of “Squid Game” and estimates the series will generate $891 million in “impact value.”

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