Squid Game is returning for a Season 2 on Netflix Inc (NASDAQ: NFLX), the streaming giant confirmed in a tweet on Sunday. Shares are still down more than 5.0% this morning.
Squid Game Season 2: everything we know so far
Both protagonist (Seong Gi-hun) and the antagonist (Front Man) are set to return in the upcoming season. The salesman who invites players to Squid Game “might” also be back, hints the writer.
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More importantly, audience will meet Cheol-su – Young Hee’s boyfriend in Season 2. Young Hee is the giant animatronic doll featured in the Red Light – Green Light game.
The exact date of release is yet to be announced. The news, nonetheless, sent shares of Bucket Studio Co up 30% on Monday. The Seoul-headquartered firm has a stake in the agency that represents Lee Jung-jae (protagonist).
What Squid Game means for Netflix Inc
Squid Game logged 1.65 billion hours within a month of its release last fall to become the most-viewed series in the history of Netflix Inc.
The stock is in turmoil ever since the streaming company said it could lose up to 2 million subscribers in its current fiscal quarter. On the earnings call, co-CEO Ted Sarandos had said:
Everybody knows about Squid Game. It was probably the biggest show in the history of television. We’re continuing to improve constantly in getting those moments that can lead to something like a Squid Game.
The release of a blockbuster like Squid Game, therefore, could be a much-needed relief for Netflix in terms of subscriber growth.
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Source: https://invezz.com/news/2022/06/13/netflix-squid-game-season-2-announcement-what-you-need-to-know/