Netflix to produce a reality TV series about the Squid Game with a $4.56 million prize

Netflix is looking for participants to its reality TV series, Squid Game.

Netflix to produce a reality TV series about the Squid Game with a $4.56 million prize

Netflix is looking for participants to its reality TV series, Squid Game.

As depicted in the South Korean dystopian drama, however, it won't be life and death.

Instead, 456 recruits will be playing games in which "the worst fate" is going home empty handed. They also miss out on a prize of $4.56m (PS3.8m).

Netflix confirmed earlier this week that the series will be renewed for a second year.

The platform announced Wednesday that the new 10-episode series, Squid Game The Challenge, would feature the "largest cast" and the largest lump-cash prize in reality television history.

It added that players will compete in a series games inspired by the original show, plus some surprising new additions. Strategies, alliances and characters will be tested while their competitors are eliminated.

Participants must be at least 21 years of age. Participants must be fluent in English and available to film for at least 4 weeks beginning in 2023.

The 456 participants refer to the fictional series that has the same number of characters, but Seong Gi-hun is also known as Player 456.

This South Korean thriller tells the story about people who are in debt and compete for huge cash prizes in a series of deadly children's games.

It is currently the most watched series on Netflix, with 111 million viewers watching it in its first 28 days.

Hwang Donghyuk, director, writer, and executive producer of Squid Game, released a statement Monday stating that it took 12 years for the first season to be made. Squid Game became the most watched Netflix series in 12 days.

Netflix is facing intense competition from streaming competitors, but it was also hit after raising prices and leaving Russia.

It revealed a sharp decline in subscribers in April and warned that millions more were set to leave the streaming service.

Experts warned that the firm would struggle to recover its market value after this event, which wiped off more than $50 billion.

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