Top Netflix Hit ‘Squid Game’ Sends Korean Media Stocks Surging

Entertainment

Yahoo Finance 26 September, 2021 - 10:07pm 36 views

Is there a season 2 of squid game?

Will there be a second season of 'Squid Game'? There aren't currently any plans for a second season of the series. Today.comWhat is 'Squid Game' on Netflix? Here's what you need to know

A dramatized survival game in the vein of “Hunger Games,” the show currently tops the global rankings on Netflix Inc., and is the first Korean drama to claim the No. 1 spot in the U.S. on the service, according to data from streaming ratings firm FlixPatrol.

Bucket Studio Co., which holds a stake in the agency representing Squid Game’s lead actor Lee Jung-Jae, has surged more than 70% in the past three trading sessions. Showbox Corp. -- whose predecessor had invested in Siren Pictures, the show’s privately owned production company -- jumped more than 50% last week before slipping Monday.

Bucket Studio is only an indirect beneficiary of “Squid Game,” and Showbox’s connection is also uncertain since Siren Pictures is 100% owned by its CEO Kim Ji-Yeon, according to a note by analyst Douglas Kim on Smartkarma. Still, Korean movie and TV production stocks could outperform over the next 2-3 years on global demand for the nation’s entertainment content, he said.

Netflix on Saturday held its first-ever Global Fan Event with a sneak peek of its upcoming films and TV shows. It’s an opportunity to prove it has the content it needs to drive a surge in new users, even as the battle for viewers and their wallets escalates.

“Squid Game” depicts a group of people with huge debts taking part in a series of deadly games to win prize money. Its depiction of the battle between the haves and have-nots has also drawn comparisons with Oscar-winning black comedy “Parasite,” which helped drive gains in shares of its producer CJ ENM Co. early last year.

CJ ENM rose as much as 2% before closing flat on Monday. Studio Dragon Corp., whose “Hometown Cha-Cha-Cha” series is ranked No. 7 on Netflix worldwide, according to FlixPatrol, rallied 5.2%, its biggest daily gain in six months.

Korean companies can produce “highly popular dramas and movies that could pose a serious competitive threat to the Hollywood powerhouses,” Kim said. “‘Squid Game’ is a very good example of this,” he said

(Updates with closing share price data on Monday)

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‘Squid Game’ popularity sends South Korean media stocks flying

NME.com 27 September, 2021 - 03:11am

The popularity of Netflix’s new hit South Korean TV series Squid Game has been a boon to stocks related to the red-hot media property.

The show, from director Hwang Dong-hyuk, premiered on September 17 and has since become the first South Korean series to top the US Netflix chart. It stars Lee Jung-jae, Park Hae-soo and Wi Ha-jun, and follows 456 contestants who are invited to play a mysterious, high-stakes game for a cash prize of ₩45.6billion (roughly £2.8million).

Squid Game’s immense worldwide popularity has seemingly helped to propel at least two South Korean media stocks to new heights. The first is Bucket Studio Co, which owns a 15 per cent stake in Artist Company, the agency behind lead actor Lee Jung-jae. According to The Korea Herald, Bucket Studio Co has since doubled its market cap to ₩200billion.

On the other hand, there’s also film production and distribution company Showbox, which saw its stock jump by more than 50 per cent from September 23 to 24, as noted by Bloomberg. Showbox had previously worked with Squid Game’s production company Siren Pictures, although it had no involvement in the TV series.

Smartkarma analyst Douglas Kim told Bloomberg that stocks of South Korean companies connected to TV and movie production are expected to “outperform” in the coming years, owing to the demand of the nation’s content.

“[These companies produce] highly popular dramas and movies that could pose a serious competitive threat to the Hollywood powerhouses,” Kim added. “Squid Game is a very good example of this.”

In other Squid Game news, breakout star Jung Ho-yeon has opened up about how she reacted when she first got the role and how she prepared for her part. “More than anything, I think I was able to accept [the character] Sae-byeok without any big difficulties because I am similar to her,” she said.

The world's defining voice in music and pop culture since 1952.

‘Squid Game’ popularity sends South Korean media stocks flying

HarpersBAZAAR.com 27 September, 2021 - 03:11am

The popularity of Netflix’s new hit South Korean TV series Squid Game has been a boon to stocks related to the red-hot media property.

The show, from director Hwang Dong-hyuk, premiered on September 17 and has since become the first South Korean series to top the US Netflix chart. It stars Lee Jung-jae, Park Hae-soo and Wi Ha-jun, and follows 456 contestants who are invited to play a mysterious, high-stakes game for a cash prize of ₩45.6billion (roughly £2.8million).

Squid Game’s immense worldwide popularity has seemingly helped to propel at least two South Korean media stocks to new heights. The first is Bucket Studio Co, which owns a 15 per cent stake in Artist Company, the agency behind lead actor Lee Jung-jae. According to The Korea Herald, Bucket Studio Co has since doubled its market cap to ₩200billion.

On the other hand, there’s also film production and distribution company Showbox, which saw its stock jump by more than 50 per cent from September 23 to 24, as noted by Bloomberg. Showbox had previously worked with Squid Game’s production company Siren Pictures, although it had no involvement in the TV series.

Smartkarma analyst Douglas Kim told Bloomberg that stocks of South Korean companies connected to TV and movie production are expected to “outperform” in the coming years, owing to the demand of the nation’s content.

“[These companies produce] highly popular dramas and movies that could pose a serious competitive threat to the Hollywood powerhouses,” Kim added. “Squid Game is a very good example of this.”

In other Squid Game news, breakout star Jung Ho-yeon has opened up about how she reacted when she first got the role and how she prepared for her part. “More than anything, I think I was able to accept [the character] Sae-byeok without any big difficulties because I am similar to her,” she said.

The world's defining voice in music and pop culture since 1952.

Owner of ‘Squid Game’ phone number claims producers told them to “change your number”

Screen Rant 27 September, 2021 - 02:25am

The owner of the phone number featured in the hit South Korean series Squid Game, who previously spoke up about having their daily life interrupted by the show’s popularity, has called out Netflix and the show’s production team for their response to the issue.

In a recent interview with SBS News, the owner of the number noted that they had been contacted by the production crew following their initial interview with Money Today. The owner claimed that the producers told her to “change her number,” saying that it’s the “only option” for their current predicament.

“We can’t do anything since [the phone number] already went out and it’s not like we did it intentionally,” the Squid Game production team supposedly told the owner, per SBS News as translated by Koreaboo. “Honestly, we think the only option is for you to change your number.”

However, the owner also claimed that changing their number is not an option for them, as the phone number is tied to a business that they have run for “almost 20 years”. They also criticised the production team for offering only ₩1million (about £620) as compensation.

In response, a rep for Squid Game said in a statement to Osen earlier today (September 27) that the production team is still “trying to solve” the issue. The team also claimed that it has continued to have “phone calls and face-to-face meetings between the owner of the number”, as translated by Koreaboo.

In other K-drama news, Netflix has released the first teaser video for its upcoming revenge-thriller series My Name. Starring rising actress Han So-hee (Nevertheless), the series is scheduled to premiere on the streaming platform on October 15.

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