Netflix is casting for a newly announced reality TV show, Squid Game: The Challenge, said the company in a statement.

The streamer said the programme, inspired by its most-watched series Squid Game, will have the “largest cast and lump cash prize in reality TV history”, with 456 participants competing for $4.56m.

However, individuals will not be risking their lives for the money, and “the worst fate is going home empty-handed”, Netflix said.

“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, vice president of Unscripted and Documentary Series at Netflix.

The reality show will be filmed in the United Kingdom and is currently only casting English speakers. The 10-episode reality competition will include games inspired by the original show, as well as new additions, Netflix said.

The 456 participants are reference to the fictional series, which featured 456 players – with its main protagonist Seong Gi-hun referred to as Player 456.

While some fans are excited about the new announcement, others have criticized it.