After the premiere of 'Squid Game', the show's stocks plummeted. Bloomberg named the reason.
The stocks of several South Korean companies linked to the streaming service Netflix have significantly decreased following the release of the second season of 'Squid Game'. Bloomberg reports this.
The stocks of Artist United, a company engaged in film distribution and marketing, fell by 30%. Previously, these stocks belonged to the show's main actor Lee Jung-jae.
The stocks of another investor in Artist United, Wysiwyg Studios, decreased by 25%, while the Korean partner of Netflix, Dexter Studios, saw a drop of 24%.
Netflix's Longest Series
The first season of 'Squid Game' became the most popular show on Netflix in their entire shared history. In the first 28 days after its premiere in September 2021, it was watched for over 1.65 billion hours. Thus, the show earned approximately 837 million dollars.
Criticism of the Second Season
The second season of the series, which aired on December 26, was eagerly anticipated by many fans. However, although the series received 85% positive reviews from critics on Rotten Tomatoes and 65% among viewers, some reviews turned out to be less favorable. The American newspaper The New York Times noted that the new season 'had great ambitions but failed to achieve them'.
The Plot of the Second Season
The second season depicts the fate of the main character Son Gi-hun, who won in the previous deadly game but returned to the arena to save others. According to Netflix, 'three years after his victory, Gi-hun refused to move to the USA and returned with a new purpose. He once again got entangled in a mysterious survival game with new participants trying to win 45.6 billion won.'
According to The Hollywood Reporter, the budget for the second season is significantly higher than in the first. Director Don Haeok stated that 'in the first season we had to compromise due to budget constraints, but this Time I was able to fully realize my creative vision concerning both the sets and the special effects.'
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