'Squid Game' is a big hit... Netflix stock price soars

[New Reporter]

'Squid Game' is a big hit... Netflix stock price soars

2021-10-01

As Netflix's original Korean drama 'Squid Game' created a sensation around the world, the stock price of Netflix also set a new record.

The big tech stocks performed well, posting weekly gains of more than 3%.

On the last day of September, the New York Stock Exchange closed at an all-time high with Netflix up 1.88% from the battlefield.

It even hit a high of $619 during the day, but it closed at $610.34 just before closing.

While major New York stock indices such as the Dow, as well as large tech stocks are falling due to a surge in U.S. Treasury yields, Netflix has been posting weekly gains of more than 3% this week.

According to Bloomberg News, the 'Squid Game', which was a sensation around the world, raised expectations for Netflix content, leading to an all-time high.

Wall Street experts are also optimistic about the influx of new subscribers in the future as hits like Squid Game continue to appear on Netflix.

"The success of squid games, which drove subscriber growth, was most evident in the Asia-Pacific region," said an analyst at Bloomberg Intelligence.

Netflix co-CEO Ted Sarandos has been receiving positive reviews, including at a recent event, mentioning that the game Squid has the potential to become the most popular movie of all time, including an English-speaking drama.

Cnet, a US IT and media media outlet, also predicted that "'Squid Game' will overtake the drama 'Bridgerton', which was released at the end of last year, and become Netflix's most popular drama."

[New Reporter]

“Show me a world where fair play is possible”… The BBC's 'Squid Game' Popularity Factor

By Kim Ga-yeon

2021.10.01


Netflix 'Squid Game'

While the Netflix original drama series 'Squid Game' is recording record-breaking box office performance, major foreign media also paid attention to the global popularity of 'Squid Game'. The BBC believes that the secret of 'Squid Game' is to show an alternative world based on fair play, unlike an unequal society.

On the 1st (local time), the BBC analyzed the popular factors of the 'Squid Game' through a report titled 'The Squid Game: A Netflix Show that Adds Murder to Childhood Nostalgia'.

The media said, "If you haven't seen this drama, or even if you haven't seen this drama-related meme that dominates the internet, you've probably heard the title at least once." This Korean drama is expected to become the most successful original series on a streaming platform.”

At the same time, the factors that made the 'Squid Game' popular worldwide are the fact that an easy game has emerged that allows you to focus on each character rather than the rules, and draws the sympathy of the younger generation by showing people who are marginalized from society. He pointed out that the games he enjoyed at the time stimulated nostalgia and curiosity.

The BBC said, “The games in the drama are simple enough. In particular, 'Dalgona Gacha' is a game that Koreans played when they were young, and it evokes nostalgia for them." The netizen said, “This drama makes me want to eat dalgona again. It's been about 20 years, are you still digging on the road these days? I can't seem to find it."

The BBC also emphasized that the cast included unemployed people with gambling problems, youth defectors, and foreign workers abused by their employers. The media quoted an expert saying, “The appearance of marginalized people among members of society also contributed to the success of the show. In real life, the younger generation who suffers from alienation and anger seem to empathize with the characters.”

The media said that 'Squid Game' is similar to Bong Joon-ho's movie 'Parasite', which deals with wealth inequality and injustice. He continued, “The excessive competition in Korean society has made many people feel disillusioned. Despite the effort, it is impossible for everyone to get into the best colleges or get a good job. However, the games on this show, no matter how lethal they may be, can be seen as an alternative world because they allow fair competition.”

Meanwhile, 'Squid Game' is a drama depicting the stories of participants risking their lives to win 45.6 billion won in prize money in a survival game. 'Mugunghwa Flower is Blooming', 'Dalgona Draw', 'Tug of War', 'Beads', 'Bridge Crossing', and 'Squid Game' appear as the subject of the game. According to Flix Patrol, a global OTT content ranking site, as of the 30th of last month, 'Squid Game' ranked first in 82 out of 83 countries.

[New Reporter]

The squid game really kills... Similar to the 'parasite' phenomenon

By Moon Ji-yeon



While the Netflix original drama series 'The Squid Game' has been a record-breaking box office hit, US CNN broadcast praised it as "a really killer work".

CNN broadcast on the 29th (local time) published an article titled "What is the 'squid game' and why are you obsessed with it" and highlighted the 'squid game'. He then briefly introduced the content as “a drama in which participants sitting in debt play children’s games to earn a lot of money.”

"It is an underestimated expression to say that 'Squid Game' is a topic of discussion," he said.

Earlier, the British daily The Guardian also reported an article the day before that compared and analyzed 'Squid Game' with director Bong Joon-ho's movie 'Parasite'. The Guardian titled 'The Squid Game: The Hellish Horror Swept Around the World' and said, "The 'Squid Game' is also set in today's Korean society where economic inequality is severe."

He continued, “The games in the works are scary. But how much worse can it be than the lives of people who have been plagued with endless debt?

'Squid Game', which was released on the 17th, is a work dealing with a survival game where participants risk their lives to win a prize of 45.6 billion won. The subjects of the game include 'Mugunghwa Flower', 'Dalgona Draw', 'Tug of War', 'Beads', 'Crossing the Bridge' and 'Squid Game', which everyone enjoyed as a child.

On the 22nd, 'Squid Game' became the first Korean drama to take the top spot on Netflix worldwide, beating out the popular British drama 'Otis's Secret Counseling Center' on the 22nd. According to Flix Patrol, a global OTT content ranking site, 'Squid Game' has ranked first in the TV program category in 80 out of 83 countries so far.

[New Reporter]

Netflix CEO: “Squid Game could be the most popular movie of all time”

By Oh Kyung-mook

Ted Sarandos, Netflix Co-CEO and Chief Content Officer (COO), said on the 27th (local time) that the Korean original series 'Squid Game' could become the most popular drama of all time.

Sarandos, CEO of Sarandos, attended the 'Code Conference' hosted by Vox Media in Beverly Hills, California, USA on the same day and said, "Currently, (Squid Game) seems to be the most successful work among non-English Netflix works, and (Netflix) has shown It has the potential to become the most (popular) program among all the contents.”

Earlier, Netflix co-CEO Reed Hastings also drew attention by posting a picture of the characters in 'Squid Game' wearing green sportswear on their social media.

According to Flixpatrol, an online streaming service (OTT) popular ranking site, 'Squid Game' took first place in the United States, Malaysia, Singapore, Indonesia, Thailand, the Philippines, Oman, Ecuador, and Bolivia. In 39 countries, including the UK, France, and Germany, it also made it to the top.

The praise from foreign media continues. Variety, an American entertainment media, selected “a character that can simultaneously express the unique sensibility of Korea and the universal emotions of people around the world” as a characteristic of the squid game. Bloomberg evaluated, "Through 'Squid Game', Korean creators have proven their ability to create content that can compete with Hollywood in the United States."