Netflix announced on Tuesday it is launching a reality competition series based on the hit show, "Squid Game." The streaming service is offering a $4.56 million as the reward, which it says is the "largest cast and lump sum cash prize in reality TV history." 

In a news release, Netflix said 456 players will enter "Squid Game: The Challenge," and compete in a series of games inspired by the show, with "surprising new additions." And unlike the original Netflix show where contestants are eliminated through death, the company said the "worst fate is going home empty-handed" in this game.