Can a reality series ‘Squid Game’ reverse Netflix’s dwindling fortunes?
The embattled streamer has announced it is creating a real-life version of the gory South Korean survival show – with production set to take place in the UK early next year.
Touted as “the greatest reality competition series ever made,” Squid Game: The Challenge will see 456 contestants compete for a whopping $4.56 million in prize money.
The staggering sum will be the largest cash prize ever offered on reality television, according to a press release issued by Netflix on Tuesday.
“’Squid Game’ took the world by storm [director] Hwang Dong-hyuk’s compelling story and iconic imagery,” Netflix Vice President Brandon Rieg said in the press release. “We are grateful for his support as we bring the fictional world to reality in this massive competition and social experiment.”
Casting is currently open to English speakers over the age of 21 on SquidGameCasting.com. The reality show will have 10 episodes and production is expected to take place over four weeks.
The original “Squid Game” – which released on Netflix last September – was centered around a competition in which 456 cash-strapped contestants risked their lives to play a series of deadly children’s games for a prize of $36 million.
The games in the upcoming reality series are said to be inspired by the games on the show, but they won’t be quite as gruesome.
“The stakes are high, but in this game the worst fate goes home empty-handed,” read Tuesday’s press release.
Squid Game is the highest-grossing Netflix series in history, being watched by more than 142 million households in the first four weeks of its launch.
The hit series has been renewed for a second season, although it is not yet in production.
Netflix is hoping that the reality show’s upcoming spinoff will make fans pay for their monthly subscription as the streamer hits a hard time.
Back in April, Netflix confirmed that it had lost 200,000 subscribers in the first quarter of 2022, falling well short of its forecast of 2.5 million new subscribers.
The company gave a gloomy outlook for the spring quarter, predicting that it could lose another 2 million subscribers.
In May, Netflix announced it would cut about 150 jobs — nearly 2% of its total workforce.
https://nypost.com/2022/06/14/squid-game-reality-show-with-4-56m-prize-is-coming-to-netflix-and-they-want-you-to-come/ $4.56M Squid Game Reality Show on Netflix: Apply