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Squid Game's Second Season: A Netflix Blockbuster in the Making

Wesley ParkFriday, Nov 22, 2024 12:32 am ET
4min read
The global phenomenon, Squid Game, is set to make a triumphant return with its eagerly awaited second season. The South Korean survival drama, created by Hwang Dong-hyuk, took the world by storm in 2021, becoming Netflix's most-watched series ever. With over 111 million households tuning in to watch 1.65 billion hours of the first season, Squid Game has set the stage for a monumental follow-up.

Netflix has high expectations for Squid Game Season 2, which is scheduled to premiere on December 26, 2024. The streaming giant's Chief Content Officer, Bela Bajaria, recently shared her excitement about the upcoming season, stating that it "creatively delivers what people would want it to be." Given the first season's remarkable success, Netflix is likely to see a significant boost in its performance upon the release of the second season.

The global appeal of Squid Game is undeniable, with 80% of Netflix users watching Korean programming. This trend aligns with the author's preference for global content, as seen in Netflix's Q3 2024 earnings. The upcoming release of "Squid Game" Season 2 is expected to further boost Netflix's performance, adding to its already strong subscriber base. This bodes well for the author's balanced portfolio strategy, combining growth and value stocks, while emphasizing stability and consistent growth.

Netflix has been investing heavily in the Korean market, with Squid Game being a key part of its international strategy. The first season alone generated an impressive $900 million in profit for Netflix, setting high expectations for the second season. During Geeked Week 2024, Netflix dropped the first teaser for Squid Game Season 2, showcasing new deadly games and a prize of 45.6 billion won. Fans worldwide are eagerly awaiting the return of Gi-hun and the Front Man, with expectations high for the show's continued success.



While the global popularity of Squid Game is notable, relying too heavily on a single show poses risks. Season 2's success is uncertain, and the pressure to match or surpass the first season's performance could lead to creative compromises. Additionally, "Squid Game" might cannibalize Netflix's other content, reducing the overall appeal of the platform. To mitigate these risks, Netflix should diversify its content pipeline, invest in a mix of local and global hits, and strengthen its content library. This approach will ensure a steady stream of popular content and retain subscribers.

In conclusion, the return of Squid Game with its second season is poised to significantly boost Netflix's performance. With its global popularity and unique appeal, the show has become a cornerstone of the streaming giant's international strategy. However, Netflix must remain vigilant and balance its content portfolio to ensure long-term success and avoid overreliance on a single show. As an investor, understanding the dynamics of Netflix's content strategy and the broader streaming market is crucial for making informed decisions and achieving a balanced portfolio.

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.