Squid Sport reportedly elevated the worth of Netflix by $900 million, however creator Hwang Dong-hyuk actually didn’t get wealthy.
Squid Sport turned a full-fledged international phenomenon when it was launched on Netflix in 2021. It rapidly turned Netflix’s most-watched collection of all time and likewise made the streaming service a boatload of money.
In response to a report by the Los Angeles Times, Squid Sport might have elevated the worth of Netflix by practically $1 billion. “‘Squid Sport’ turned out to be a cut price past examine,” reads the LA Instances report. “Made for about $2.4 million an episode, a few fourth the price of ‘Stranger Issues,’ the nine-part collection went on to win six Emmys, set a Netflix report of 1.65 billion viewing hours in its first 28 days of launch and — in keeping with inside Netflix paperwork — enhance the worth of the corporate by an estimated $900 million.“
You’d assume that Squid Sport creator Hwang Dong-hyuk might need seen somewhat little bit of that, however you’d be flawed. Not solely did Hwang not get wealthy off the success of Squid Sport, however he additionally “forfeited all mental property rights and obtained no residuals” due to his preliminary contract. The existence of the Squid Game reality series all of a sudden makes much more sense.
As Squid Sport is a South Korean manufacturing, the second season can proceed with no affect from the WGA strike, however the LA Instances report states that crew members on Squid Sport and different South Korean productions ceaselessly really feel exploited by Netflix. “We pay truthful, extremely aggressive charges with our Ok-Content material creators and set clear requirements for our Korean manufacturing companions, who produce all our exhibits and films,” Netflix mentioned in a press release. “These requirements meet or exceed Korean regulation.“
The second season of Squid Sport will characteristic Lee Jung-jae returning as Seong Gi-hu, in addition to Lee Byung-hun as Hwang In-ho, the Entrance Man, and Wi Ha-joon as Hwang Jun-ho. Netflix introduced a handful of actors who can be joining the series earlier this month, together with Yim Si-wan (Unlocked), Kang Ha-neul (The Pirates: The Final Royal Treasure), Park Sung-hoon (The Glory) and Yang Dong-geun (Yaksha: Ruthless Operations). Hwang Dong-hyuk teased earlier last year that the brand new season is shaping as much as be higher than he anticipated. “I’ve a set define,” he mentioned. “I’ve a therapy of an entire season two episode with new video games and new characters. I prefer it. I feel it’s good. It’s higher than what I anticipated.”
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