Netflix Announced ‘Squid Game’ Challenge With Record $4.56Million Cash Prize

The company disclosed this in a statement, adding that the “Squid Game” will be without any of the blood and gore and contestants will not lose their lives, CNBC reports.

Netflix has announced a new reality TV show, Squid Game: The Challenge.

The company disclosed this in a statement, adding that the “Squid Game” will be without any of the blood and gore and contestants will not lose their lives, CNBC reports.

The streaming platform said the game will pit 456 contestants against each other in a series of games inspired by the hit show.

Up for grabs is a $4.56 million reward — which Netflix says is the largest cash prize in reality TV history.

“The stakes are high, but in this game the worst fate is going home empty-handed,” the company said in a statement Tuesday.

Netflix has opened casting for the show to English-language speakers around the world. Filming will take place in the U.K. The series is being co-produced by production firms Studio Lambert and The Garden, which is part of British broadcaster ITV.

Released in 2021, “Squid Game” quickly became an international success.

Squid Game is Netflix’s most-watched show of all time with people dedicating 1.65 billion hours of viewing time in the first 28 days of its release.

Set in South Korea, “Squid Game” sees 456 players in financial hardship risk their lives through various deadly children’s games for a large cash prize. Hwang Dong-hyuk, the show’s creator, took inspiration for the show from his own family’s struggles after the 2008 financial crisis. A second series is now officially in the works.

Netflix said “Squid Game: The Challenge” will feature games from the original series as well some “surprising new additions.” It will comprise 10 episodes in total.

The show could be a way for Netflix to use some of its lucrative content to bring more users to the platform. The company is facing headwinds from the impact of rising inflation, the removal of Covid-19 restrictions and competition from rival firms like Disney.

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