Netflix plans 'Squid Game' reality show with record $4.56 million cash prize, no fatal consequences

• Netflix has approved reality competition series inspired by its hit show ‘Squid Game’

• 456 players compete in series of games with $4.56 million reward — largest cash prize in reality TV history

Netflix Inc (NASDAQ: NFLX) is trying to cash on its most-watched television show, “Squid Game”, as the streaming giant announced to produce the biggest reality competition ever.

Unlike the series, where the stakes are life or death, Netflix said that “Squid Game: The Challenge” will have 456 players competing against each other, and the “worst fate is going home empty-handed.”