Early estimates from Netflix reveal that Korean original series “Squid Game” might end up being worth $900 million in value to the company, becoming the most valuable streaming series of all time.

This undated photo released by Netflix shows South Korean cast members, from left, Park Hae-soo, Lee Jung-jae and Jung Ho-yeon in a scene from

This undated photo released by Netflix shows South Korean cast members, from left, Park Hae-soo, Lee Jung-jae and Jung Ho-yeon in a scene from “Squid Game.”
(AP)

“Squid Game,” Netflix Inc’s biggest original series launch, is estimated to be worth almost $900 million for the streaming giant, Bloomberg News has reported, citing figures from an internal Netflix document.

The nine-episode thriller, in which cash-strapped contestants play childhood games with deadly consequences in a bid to win 45.6 billion won ($38.58 million), became an international hit after it launched last month.

In comparison to its estimated net worth, the show cost just $21.4 million to produce, Bloomberg said.

According to the report, about 132 million had watched at least two minutes of the show in its first 23 days, easily breaking the record set by UK costume drama “Bridgerton,” which was streamed by 82 million accounts in its first 28 days.

READ MORE: South Korea’s ‘Squid Game’ is Netflix’s biggest debut show

The Netflix series

The Netflix series “Squid Game” is played on a mobile phone in this picture illustration taken September 30, 2021.
(Reuters)

Top show in US

Netflix had earlier announced the show had amassed 111 million fans, but Bloomberg said those figures were based on slightly older data.

Los Gatos, California-based Netflix estimated that 89 percent of people who started the show watched more than one episode, the news agency said, and 66 percent of the viewers finished watching the series in the first 23 days.

Netflix declined to comment on the report.

An attorney for the company told Bloomberg that it would be inappropriate for Bloomberg to disclose the confidential data contained in the documents that it had reviewed.

The series is also the first Korean drama to snatch the top
spot on Netflix in the United States, and has even spurred
interest among people in learning Korean.

In China, where Netflix is unavailable without a VPN, a
Beijing bakery has introduced a Squid Game-themed
confection-making challenge in its store.

The show has even drawn positive comments from Amazon Inc founder Jeff Bezos, with the billionaire calling the work “impressive and inspiring.” Amazon’s streaming service Prime Video competes with Netflix.

Source: Reuters



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