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

Netflix is looking for contestants for a reality TV program based on its most popular series, Squid Game.

It will not, however, 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).

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Earlier this week, Netflix confirmed that the popular comedy would be renewed for a second season.

The platform claimed on Wednesday that Squid Game: The Challenge, a 10-episode series, will have the “biggest cast and lump cash reward in reality TV history.”

“As [players] compete in a variety of games inspired by the original show – as well as some unexpected new additions – their plans, alliances, and character will be put to the test as competitors are removed around them,” says the press release.

Participants must be at least 21 years old to participate. 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. Squid Game, on the other hand, just needed 12 days to become the most popular Netflix series ever.”

Netflix is up against stiff competition from streaming competitors, but it 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.

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