"K-pop Demon Hunters," an American-made film, has gained a huge audience in South Korea, thanks to its nods to Korean folklore, pop culture and habits.

KPop Demon Hunters sequels are on the way, given the massive success of the movie on Netflix, a record-setter through and through.

A new report reveals that Netflix and Sony animation are preparing to turn KPop Demon Hunters into a massive franchise. Here's why that's a bad thing.