Netflix announces 'Squid Game' reality show with $4.56 million prize

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Netflix announces 'Squid Game' reality show with $4.56 million prize
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'Squid Game: The Challenge' will feature 456 real-life players competing in 'Squid Game'-inspired games. Casting for the show is now open.

The 10-episode competition series is a co-production between Studio Lambert and The Garden , part of ITV Studios, the company said. It will be filmed in the U.K. . The Korean survival drama received more than 1.65 billion viewing hours in the first 28 days after its release.Netflix's shares took a big hit this week, with the stock price plummeting 26% after reporting it lost about 200,000 subscribers in its first quarter, falling well below expectations.

"Squid Game" follows a group of desperate adults competing in deadly children’s games for a chance to win a massive amount of money and escape severe debt. It follows Seong Gi-hun, a laid-off autoworker coping with a broken family and struggling with constant business failures and gambling problems. Seong battles hundreds of other financially distressed players in a hyper-violent competition for the ultimate prize of 45.6 billion won , with losers being killed at every round.

The South Korea-produced show quickly reached No. 1 in 90 countries, helped in part by Netflix’s investment in subtitling and dubbing it into more than 30 languages, according"Squid Game took the world by storm with Director Hwang’s captivating story and iconic imagery. We’re grateful for his support as we turn the fictional world into reality in this massive competition and social experiment," Brandon Riegg, Netflix VP of Unscripted and Documentary Series, said in the statement.

"Fans of the drama series are in for a fascinating and unpredictable journey as our 456 real-world contestants navigate the biggest competition series ever, full of tension and twists, with the biggest ever cash prize at the end," Riegg added.

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