NETFLIX's famed Squid Game is reportedly set to rake in around $900m (£656m) in value for the company, despite costing just $21.4m to make.

The spend came in far less than some of Netflix's other big shows, costing around $2.4m per episode, Bloomberg first reported, which has resulted in a huge margin for profit.

Other successful shows, like The Crown and Stranger Things, cost the streamer around $13m and $12m per episode, respectively.

The $891m "impact value" - how Netflix measures the financial weight of shows - suggests that the hit South Korean drama will draw in a hefty number of new subscribers.

Netflix said that more than 66 per cent of viewers, the equivalent of some 87m people, finished the series in the first 23 days of it being online, according to Bloomberg.

A lawyer acting for Netflix told Bloomberg not to reveal the data as it was considered confidential and that the streamer "takes significant steps to protect them from disclosure".

The show, written in 2009 and produced by Siren Pictures, detailed a group of indebted individuals who had to win a brutal game for a generous, life-changing sum.

Internet traffic in South Korea surged as locals piled onto the streaming service, which triggered a lawsuit from SK Broadband, a telecoms firm looking to recover the cost of carrying the weight of the explosion in demand.

(c) 2021 City A.M., source Newspaper