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The "sharks" often find weaknesses and faults in an entrepreneur's concept, product, or business model.<ref name="Wash Po 2009"/> Some of the investors try to soften the impact of rejection, like panel member Corcoran, while others such as O'Leary can be "brutal" and show "no patience even for tales of hardship".<ref name="Wash Po 2009"/> Many deals made on the show are never enacted due to the investor's [[vetting]] process following the deal, which includes product testing and the examination of the contestants' personal and business financials.<ref name="NY Post">{{cite web | url=http://www.nypost.com/p/entertainment/tv/deal_interrupted_cPMIlS95ZcxoPT9UUxVLPP | title=Deal interrupted: On ‘Shark Tank,’ a lot can happen after the handshake | publisher=New York Post | date=Jan 29, 2013 | accessdate=March 21, 2013 | author=Daly, Shawn}}</ref>
The "sharks" often find weaknesses and faults in an entrepreneur's concept, product, or business model.<ref name="Wash Po 2009"/> Some of the investors try to soften the impact of rejection, like panel member Corcoran, while others such as O'Leary can be "brutal" and show "no patience even for tales of hardship".<ref name="Wash Po 2009"/> Many deals made on the show are never enacted due to the investor's [[vetting]] process following the deal, which includes product testing and the examination of the contestants' personal and business financials.<ref name="NY Post">{{cite web | url=http://www.nypost.com/p/entertainment/tv/deal_interrupted_cPMIlS95ZcxoPT9UUxVLPP | title=Deal interrupted: On ‘Shark Tank,’ a lot can happen after the handshake | publisher=New York Post | date=Jan 29, 2013 | accessdate=March 21, 2013 | author=Daly, Shawn}}</ref>


Since the shows inception, each contestant was required to sign an agreement with Finnmax, the producer of Shark Tank, promising Finnmax the option of taking a "2 percent royalty" or "5% equity stake" in the contestant's business venture.<ref name="NY Times 2012">{{cite web | url=http://boss.blogs.nytimes.com/2012/09/19/passing-up-the-opportunity-to-appear-on-shark-tank/ | title=Passing Up the Opportunity to Appear on ‘Shark Tank’ | publisher=New York Times | date=Sept 19. 2012 | accessdate=March 21, 2013 | author=Kassar, Ami}}</ref> However, in October 2013, this requirement was repealed by the network, retroactively, due to pressure from panel member Mark Cuban.<ref name="Inc. Mag">{{cite web | url=http://www.inc.com/will-yakowicz/mark-cuban-forces-shark-tank-to-remove-equity-clause.html | title=Mark Cuban Made Shark Tank Change Its Contracts | publisher=Inc. magazine | date=October 2, 2013 | accessdate=October 10, 2013 | author=Yankowicz, Will}}</ref> According to [[TV Guide]], as of December 2012 that the show's panel members had invested $12.4 million in the business opportunities presented to them during that season and those whose business ideas did not result in an investment from the sharks still benefited from the publicity generated by that contestant appearing on the Shark Tank show. During the show's 2012 season, 36,076 people applied to become contestants.<ref name=TVGuide/>
Since the shows inception, each contestant was required to sign an agreement with Finnmax, the producer of Shark Tank, promising Finnmax the option of taking a "2 percent royalty" or "5% equity stake" in the contestant's business venture.<ref name="NY Times 2012">{{cite web | url=http://boss.blogs.nytimes.com/2012/09/19/passing-up-the-opportunity-to-appear-on-shark-tank/ | title=Passing Up the Opportunity to Appear on ‘Shark Tank’ | publisher=New York Times | date=Sept 19. 2012 | accessdate=March 21, 2013 | author=Kassar, Ami}}</ref> However, in October 2013, this requirement was repealed by the network, retroactively, due to pressure from panel member Mark Cuban.<ref name="Inc. Mag">{{cite web | url=http://www.inc.com/will-yakowicz/mark-cuban-forces-shark-tank-to-remove-equity-clause.html | title=Mark Cuban Made Shark Tank Change Its Contracts | publisher=Inc. magazine | date=October 2, 2013 | accessdate=October 10, 2013 | author=Yankowicz, Will}}</ref> According to [[TV Guide]], as of December 2012 the show's panel members had invested $12.4 million in the business opportunities presented to them during that season and those whose business ideas did not result in an investment from the sharks still benefited from the publicity generated by that contestant appearing on the Shark Tank show. During the show's 2012 season, 36,076 people applied to become contestants.<ref name=TVGuide/>


==History==
==History==

Revision as of 02:17, 10 November 2013

This article is about the reality television series. For the arena in San Jose, California, see HP Pavilion at San Jose.

Shark Tank
File:Shark Tank Logo.svg
GenreReality television
Created byMark Burnett
Directed byCraig Spirko
Ken Fuchs
Alan Carter
Creative directorNathaniel Howe
StarringRobert Herjavec
Kevin O'Leary
Barbara Corcoran
Daymond John
Mark Cuban (Seasons 2—)
Lori Greiner (Seasons 3—)
Steve Tisch (Season 5—)
John Paul DeJoria (Season 5—)
Kevin Harrington (Seasons 1—2)
Jeff Foxworthy (Season 2)
Country of originUnited States
Original languageEnglish
No. of seasons5
No. of episodes72 (list of episodes)
Production
Executive producersMark Burnett
Clay Newbill
Phil Gurin
Running time60 minutes (with commercials)
Production companiesMark Burnett Productions (season 1—3)
One Three Media (season 4)
Sony Pictures Television
Original release
NetworkABC (United States)
CTV Two (Canada)
BBC Knowledge (Asia)
Dave (United Kingdom)
ReleaseAugust 9, 2009 –
present

Shark Tank is an American reality television series which premiered on ABC on August 9, 2009.[1] It features business pitches from aspiring entrepreneurs to a panel of potential investors. It is part of the Dragon's Den series of reality shows, itself based on the original Japanese Money Tigers.

Description

Shark Tank is an American reality TV series produced by Mark Burnett a "version of the Japanese reality format".[2][3][4][5][6] The show features a panel of potential investors, called "sharks", that considers offers from aspiring entrepreneurs seeking investments for their business or product.[2][7] The entrepreneur can make a deal on the show if a panel member is interested. However, if all of the panel members opt out, the entrepreneur leaves empty-handed.[8] The show is said to portray "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons"[9] A one-hour pitch by a contestant is edited down to "a dramatic 10-minute segment".[10] The show is said to personalize "the desperation and pain experienced by victims of a broken-down economy".[8]

The "sharks" often find weaknesses and faults in an entrepreneur's concept, product, or business model.[8] Some of the investors try to soften the impact of rejection, like panel member Corcoran, while others such as O'Leary can be "brutal" and show "no patience even for tales of hardship".[8] Many deals made on the show are never enacted due to the investor's vetting process following the deal, which includes product testing and the examination of the contestants' personal and business financials.[11]

Since the shows inception, each contestant was required to sign an agreement with Finnmax, the producer of Shark Tank, promising Finnmax the option of taking a "2 percent royalty" or "5% equity stake" in the contestant's business venture.[12] However, in October 2013, this requirement was repealed by the network, retroactively, due to pressure from panel member Mark Cuban.[13] According to TV Guide, as of December 2012 the show's panel members had invested $12.4 million in the business opportunities presented to them during that season and those whose business ideas did not result in an investment from the sharks still benefited from the publicity generated by that contestant appearing on the Shark Tank show. During the show's 2012 season, 36,076 people applied to become contestants.[5]

History

Main article: List of Shark Tank episodes

Shark Tank premiered in August 2009, and aired 14 episodes through January 2010. In August, it was renewed for a 2nd season. Season 2 premiered with a “sneak peek” episode on Sunday, March 20, 2011, before resuming its regular Friday night time slot on March 25, 2011. Season 2 had 9 episodes, 5 of them featuring new panel members. Comedian Jeff Foxworthy[14] and Mark Cuban replaced panel member Kevin Harrington for 3 episodes.[15] Kevin O'Leary, Barbara Corcoran, Daymond John and Robert Herjavec appeared in all 14 episodes. In Season 2, Kevin O'Leary, Barbara Corcoran, Daymond John, and Robert Herjavec appeared in all 9 episodes; Mark Cuban appeared in 3, Kevin Harrington in 4, and Jeff Foxworthy in 2.[16]

Shark Tank's 3rd season premiered in January 2012.[17][18] During the second season, Kevin Harrington was replaced by Mark Cuban, while in the third season, the "queen of QVC" Lori Greiner replaced Barbara Corcoran on 4 episodes. Kevin O'Leary, Daymond John, Robert Herjavec, and Mark Cuban appeared in all 15 episodes of season three. In February, ABC ordered two additional episodes for Season 3 using un-aired footage, which brought the season's episode total to 15.[19] In May 2012, Shark Tank was renewed for a fourth season.[20] In 2013, ABC renewed the show for a fifth season,[21] and plans to include businessmen Steve Tisch and John Paul DeJoria as guest panel members.[21][22]

Ratings

By 2012, the show was averaging 7 million viewers an episode, making it the most watched program on Friday nights in the 18-49-year old demographic. As a result, ABC added three more episodes to the original season order of 22. In July 2012 the show was nominated for a Primetime Emmy Award in the Outstanding Reality Program category.[23]

Season Timeslot (EST) Number of Episodes Premiere Finale TV Season Overall Rating Overall viewership
Date Viewers
(millions) 		Date Viewers
(millions)
1
Friday 9:00 pm
 14
August 9, 2009
 4.23
February 5, 2010
 4.65 2009–10 #102[24] 4.81
2
Friday 8:00 pm
 9
March 20, 2011
 6.13
May 13, 2011
 4.99 2010–11 #113[25] 5.12
3
 15
January 20, 2012
 6.25[26]
May 18, 2012
 5.52[27] 2011–12 #98[28] 6.03
4
Friday 8:00 pm
Friday 9:00 pm
26
September 14, 2012
 6.40[29]
May 17, 2013
 6.68[30] 2012–13 #63[31] 6.92
5
Friday 9:00 pm
24[32]
September 20, 2013
 6.86[33]
Spring 2014
 TBD 2013–14 TBD TBD

DVR Ratings

  • 2010/2011: million viewers | DVR viewers: [1]
  • 2011/2012: million viewers | DVR viewers:
  • 2012/2013: 5.517 million viewers | DVR viewers: 410,000 [2]
  • 2013/2014

Ad Prices

  • 2009: ABC charges $,000 per 30-second spot
  • 2010: ABC charges $,000 per 30-second spot
  • 2011: ABC charges $70,000 per 30-second spot
  • 2012: ABC charges $73,940 per 30-second spot
  • 2013: ABC charges $77,870 per 30-second spot [3] & [4]

References

  1. ^ Hibberd, James (May 10, 2012)'Dancing,' 'Bachelor,' and a bigger 'Shark Tank' returning to ABC Insider TV, retrieved June 24, 2012
  2. ^ a b Adalian, Josef (February 13, 2008). "Sony, Burnett dive into 'Shark Tank'". Variety, "a version of the Japanese reality format."
  3. ^ Dehnart, Andy (May 11, 2012). "'Shark Tank's' Sneak Attack!". The Daily Beast. Retrieved October 11, 2013. Based on Dragon's Den, the U.K. version of a Japanese format, Shark Tank gives people...
  4. ^ Wilson, W. Brett (2012). Redefining Success: Still Making Mistakes, Penguin Books, page 122, ISBN 9780670066940[need quotation to verify]
  5. ^ a b Battaglio, Stephen (December 3, 2012) "Shark Attacks Prime Time!". TV Guide. pp. 4-5[need quotation to verify]
  6. ^ O'Leary, Kevin (2012). Cold Hard Truth on Business, Money & Life, Random House, page 8, ISBN 9780385671767[need quotation to verify]
  7. ^ Collins, Scott (January 10, 2013). "Winter TCA: 'Shark Tank' star calls corporate ladder 'all crap'". LA Times. Retrieved March 21, 2013.
  8. ^ a b c d Shales, Tom (August 8, 2009). "Shark Tank: ABC Is Out For Blood". Washington Post. Retrieved March 21, 2013.
  9. ^ Lewis, Hilary (March 31, 2009). "ABC To Humiliate Entrepreneurs On National TV". Business Insider (Australia). Retrieved March 21, 2013.
  10. ^ Shontell, Allyson (Sept 22, 2012). "23-Year-Old Turns Down Big Money From Mark Cuban". Business Insider (Australia). Retrieved March 21, 2013. {{cite web}}: Check date values in: |date= (help)
  11. ^ Daly, Shawn (January 29, 2013). "Deal interrupted: On 'Shark Tank,' a lot can happen after the handshake". New York Post. Retrieved March 21, 2013.
  12. ^ Kassar, Ami (Sept 19. 2012). "Passing Up the Opportunity to Appear on 'Shark Tank'". New York Times. Retrieved March 21, 2013. {{cite web}}: Check date values in: |date= (help)
  13. ^ Yankowicz, Will (October 2, 2013). "Mark Cuban Made Shark Tank Change Its Contracts". Inc. magazine. Retrieved October 10, 2013.
  14. ^ DiNunno, Gina (August 10, 2010). "Jeff Foxworthy Joins ABC's Shark Tank". TV Guide.
  15. ^ "Shark Tank: Mark Cuban Joins the Sharks for Season Two". TV Series Finale. September 20, 2010
  16. ^ Schawbel, Dan. "Shark Tank Roundtable - Their Best and Worst Deals". Retrieved October 21, 2013.
  17. ^ Bentley, Jean. "TV Ratings: CBS repeats win Friday over 'Shark Tank' debut". Retrieved January 21, 2012.
  18. ^ Stein, Rachel. "Going Through Channels: Friday, January 20, 2012: Shark Tank". Retrieved January 20, 2012.
  19. ^ Hibberd, James. "ABC orders more 'Shark Tank'".
  20. ^ Andy Dehnart (May 11, 2012). "'Shark Tank's' Sneak Attack!". The Daily Beast.
  21. ^ a b Hinckley, David (June 28, 2013). "New York Giants co-owner Steve Tisch joining ABC's 'Shark Tank'". New York Daily News. Retrieved July 3, 2013.
  22. ^ Unknown author (June 28, 2013). "Two More Sharks on ABC". TV Media Insights. Retrieved July 1, 2013. {{cite web}}: |author= has generic name (help)
  23. ^ Unknown author (press release) (Sept 23, 2012). "64th Prime Time Emmy Winners" (PDF). Academy of Television Arts & Sciences. Retrieved 2013-04-08. {{cite web}}: |author= has generic name (help); Check date values in: |date= (help)
  24. ^ Gorman, Bill (June 16th, 2010). "Final 2009-10 Broadcast Primetime Show Average Viewership". TV by the Numbers. {{cite web}}: Check date values in: |date= (help)
  25. ^ Gorman, Bill (June 1st, 2011). "2010-11 Season Broadcast Primetime Show Viewership Averages". TV by the Numbers. {{cite web}}: Check date values in: |date= (help)
  26. ^ "Friday Final TV Ratings: 'Kitchen Nightmares,' 'Supernatural' Repeat Adjusted Up". Tvbythenumbers.zap2it.com. Retrieved June 14, 2012.
  27. ^ Kondolojy, Amanda (May 21, 2012). "Friday Final TV Ratings: 'Shark Tank', 'Supernatural' Finales Adjusted Up; 'What Would You Do?' Adjusted Down". TV by the Numbers. Retrieved May 21, 2012.
  28. ^ Complete List Of 2011-12 Season TV Show Viewership: ‘Sunday Night Football’ Tops, Followed By ‘American Idol,’ ‘NCIS’ & ‘Dancing With The Stars’ - Ratings | TVbytheNumbers
  29. ^ Friday Final TV Ratings: ‘Shark Tank’ Adjusted Up, ‘America’s Next Top Model’ Adjusted Down - Ratings | TVbytheNumbers
  30. ^ Friday Final Ratings: 'Shark Tank', 'Dateline', & '48 Hours' Adjusted Up; No Adjustment for Nikita - Ratings | TVbytheNumbers
  31. ^ Patten, Dominic. "Full 2012-2013 TV Season Series Rankings". Deadline.com. Retrieved October 12, 2013.
  32. ^ "ABC Orders Two More Episodes of 'Shark Tank' - Ratings | TVbytheNumbers". Tvbythenumbers.zap2it.com. Retrieved October 12, 2013.
  33. ^ "Friday Final TV Ratings: 'Shark Tank' Adjusted Up, '20/20′ Adjusted Down + No Adjustment for 'Last Man Standing' or 'The Neighbors' - Ratings | TVbytheNumbers". Tvbythenumbers.zap2it.com. Retrieved October 12, 2013.
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