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You can watch a clip below:
Squid Game: The Challenge will see 456 players battle it out for a gigantic $4.56 million (£3.8 million). Contestants will compete in a series of Squid Game inspired activities, while their competitors are 'eliminated' after each game.
As Netflix says: "Do you want to play a game?
"Join Squid Game: The Challenge, a Netflix Reality competition series. Casting now open at SquidGameCasting.com."
Over on the application page, the streamer adds: "You’ve seen the drama, now it’s your chance to take part in Netflix’s biggest ever social experiment!
"This supersized unscripted show turns the scripted world of the drama into reality. Real-life players will be immersed in the iconic Squid Game universe and will never know what’s coming next.
"Here they’ll compete in a series of heart-stopping games in order to become the sole survivor* and walk away with a life-changing cash prize. With a fortune up for grabs, who will be an ally, who will you trust, and who will you betray in this ultimate test of character?"
While losing the telly version of the show has fatal consequences for players, Netflix reassures contestants: "*Please note: Win or lose, all players will leave unscathed. But if you win, you win big!"
To apply, you'll need to meet certain criteria. This includes being at least 21 years old at the time of applying and having a right to legally reside in the UK.
You must also be available to take part for up to four weeks in what's expected to be early 2023 and you must also have a valid passport for the filming period, and have the right to be able to travel to all locations necessary.
So what do you need to do to apply?
Well, as part of the application process, Netflix is asking contestants to upload a one minute video, telling them about yourself, why you want to take part, what your game plan would be and what you would do with a huge cash prize if you won.
They also ask for two photos included in the application.
You can find more information and apply here.
“Squid Game took the world by storm with Director Hwang’s captivating story and iconic imagery. We’re grateful for his support as we turn the fictional world into reality in this massive competition and social experiment,” said Brandon Riegg, Netflix VP of Unscripted and Documentary Series.
“Fans of the drama series are in for a fascinating and unpredictable journey as our 456 real world contestants navigate the biggest competition series ever, full of tension and twists, with the biggest ever cash prize at the end.”
We cannot wait for this to hit our screens...
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