New York: Netflix Inc. is bringing its record-breaking “Squid Game” show to life with a new reality competition series called “Squid Game: The Challenge.”
The streaming giant is hoping to build on the popularity of its biggest show launch ever. The new 10-episode series will feature 456 real-world contestants pursuing the largest lump-sum prize in reality show history, $4.56 million. The program will mimic the scripted series, in which a group of people with debts to pay compete in versions of childhood games to win money as super-rich VIPs watch.
The game will challenge players’ strategy, alliances and character, as contestants are eliminated around them. Unlike the fictional series, however, players won’t be shot if they lose.
— Netflix (@netflix) June 14, 2022
“The stakes are high, but in this game the worst fate is going home empty-handed,” Netflix’s Vice President of Unscripted and Documentary Series, Brandon Riegg, said in a statement. The show will be filmed in the UK and is a co-production between Studio Lambert and the Garden.
Netflix is betting the franchise will help it recover from a drop in subscribers in the first quarter, the first time it shed viewers since 2011. The one bright spot for the company was Asia, where it added more than 1 million customers. On Sunday, Netflix announced it will renew ‘Squid Game’ for a second season. -Bloomberg