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Shark Tank

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

Shark Tank
File:Shark Tank Logo.svg
GenreReality competition
Created byDan Purpalaj
Based onDragons' Den
Directed by
Starring
Country of originUnited States
Original languageEnglish
No. of seasons6
No. of episodes103 (list of episodes)
Production
Executive producers
  • Clay Newbill
  • Mark Burnett
  • Phil Gurin
Camera setupMultiple-camera
Running time42 minutes
Production companies
Original release
NetworkABC
ReleaseAugust 9, 2009 (2009-08-09) –
present

Shark Tank is an American reality competition series that premiered August 9, 2009, on ABC.[1] The show features aspiring entrepreneurs making business presentations to a panel of potential investors. It is based on the international Dragons' Den format. A Portuguese version of the show is to be released in January 2015,[2] as well as an Australian version to be released in that same year.[3] The 100th episode aired on November 14, 2014. The 101st episode had have Nick Woodman, the CEO and founder of GoPro, as a guest shark.

Overview

Shark Tank is produced by Mark Burnett and based on the TV show Dragon's Den.[4][5][6][7][8] The show features a panel of potential investors, called "sharks", who consider offers from aspiring entrepreneurs seeking investments for their business or product.[4][9] 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.[10] The show is said to portray "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons."[11] A one-hour pitch by a contestant is edited down to "a dramatic 10-minute segment".[12] The show is said to personalize "the desperation and pain experienced by victims of a broken down economy".[10]

The "sharks" often find weaknesses and faults in an entrepreneur's concept, product, or business model.[10] 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".[10] 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.[13]

The show initially required each contestant 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.[14] However, in October 2013, this requirement was repealed by the network, retroactively, due to pressure from panel member Mark Cuban.[15] Cuban felt the requirement would lower the quality of the entrepreneurs, as savvy investors would be wary of trading away a portion of their company just for appearing on the show.[16] A number of participants have declined to appear on the show for this reason.[17]

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 second 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[18] and Mark Cuban replaced panel member Kevin Harrington for 3 episodes.[19] 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.[20]

Shark Tank's third season premiered in January 2012.[21][22] 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.[23] On May 10, 2012, Shark Tank was renewed for a fourth season consisting of 26 episodes.[24] This is the first time the series received a full season order.[25] Filming began on June 30, 2012. 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.[7]

In 2013, ABC renewed the show for a fifth season.[26] On July 16, ABC announced that season 5 will premiere on September 20 at 9pm EST.[27] In October 2013, ABC ordered an additional two episodes to the season. In December 2013, ABC ordered another four episodes bringing the season order to 29 episodes.[28][29] Steve Tisch and John Paul DeJoria were added as panel members.[30][31] In 2013, CNBC licensed exclusive off-network cable rights for the series from ABC.[32] In May 2014, ABC announced a sixth season starting in September 2014.[33] The series began its syndication run on CNBC on December 30, 2013.[34]

On October 22, 2014, ABC announced a companion series called Beyond the Tank that will follow a company after a deal was made and detail what happened afterwards.[35]

Ratings

By 2012, the show averaged over 6 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.[36]

Season Timeslot (EST) Number of Episodes Premiere Finale TV Season Overall Ranking 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[37] 4.81
2
Friday 8:00 pm
 9
March 20, 2011
 6.13
May 13, 2011
 4.99 2010–11 #113[38] 5.12
3
 15
January 20, 2012
 6.25[39]
May 18, 2012
 5.52[40] 2011–12 #98[41] 6.03
4
Friday 8:00 pm
Friday 9:00 pm
26
September 14, 2012
 6.40[42]
May 17, 2013
 6.68[43] 2012–13 #63[44] 6.92
5
Friday 9:00 pm
29
September 20, 2013
 6.86[45]
May 16, 2014
 6.74[46] 2013–14 #51[47] 8.02
6
 TBA
September 26, 2014
 7.45[48] TBA TBA 2014–15 TBA TBA

See also

References

  1. ^ Hibberd, James (May 10, 2012)'Dancing,' 'Bachelor,' and a bigger 'Shark Tank' returning to ABC Insider TV, retrieved June 24, 2012
  2. ^ [1]
  3. ^ http://www.tvtonight.com.au/2014/09/ten-confirms-shark-tank-for-2015.html
  4. ^ a b Adalian, Josef (February 13, 2008). "Sony, Burnett dive into 'Shark Tank'". Variety, "a version of the Japanese reality format."
  5. ^ 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...
  6. ^ Wilson, W. Brett (2012). Redefining Success: Still Making Mistakes, Penguin Books, page 122, ISBN 9780670066940[need quotation to verify]
  7. ^ a b Battaglio, Stephen (December 3, 2012) "Shark Attacks Prime Time!". TV Guide. pp. 4-5[need quotation to verify]
  8. ^ O'Leary, Kevin (2012). Cold Hard Truth on Business, Money & Life, Random House, page 8, ISBN 9780385671767[need quotation to verify]
  9. ^ Collins, Scott (January 10, 2013). "Winter TCA: 'Shark Tank' star calls corporate ladder 'all crap'". Los Angeles Times. Retrieved March 21, 2013.
  10. ^ a b c d Shales, Tom (August 8, 2009). "Shark Tank: ABC Is Out For Blood". Washington Post. Retrieved March 21, 2013.
  11. ^ Lewis, Hilary (March 31, 2009). "ABC To Humiliate Entrepreneurs On National TV". Business Insider (Australia). Retrieved March 21, 2013.
  12. ^ Shontell, Allyson (September 22, 2012). "23-Year-Old Turns Down Big Money From Mark Cuban". Business Insider (Australia). Retrieved March 21, 2013.
  13. ^ Daly, Shawn (January 29, 2013). "Deal interrupted: On 'Shark Tank,' a lot can happen after the handshake". New York Post. Retrieved March 21, 2013.
  14. ^ Kassar, Ami (September 19, 2012). "Passing Up the Opportunity to Appear on 'Shark Tank'". New York Times. Retrieved March 21, 2013.
  15. ^ Yankowicz, Will (October 2, 2013). "Mark Cuban Made Shark Tank Change Its Contracts". Inc. magazine. Retrieved October 10, 2013.
  16. ^ http://boss.blogs.nytimes.com/2012/09/19/passing-up-the-opportunity-to-appear-on-shark-tank/
  17. ^ http://www.inc.com/john-mcdermott/shark-tank-not-for-every-entrepreneur.html
  18. ^ DiNunno, Gina (August 10, 2010). "Jeff Foxworthy Joins ABC's Shark Tank". TV Guide.
  19. ^ "Shark Tank: Mark Cuban Joins the Sharks for Season Two". TV Series Finale. September 20, 2010
  20. ^ Schawbel, Dan. "Shark Tank Roundtable - Their Best and Worst Deals". Retrieved October 21, 2013.
  21. ^ Bentley, Jean. "TV Ratings: CBS repeats win Friday over 'Shark Tank' debut". Retrieved January 21, 2012.
  22. ^ Stein, Rachel. "Going Through Channels: Friday, January 20, 2012: Shark Tank". Retrieved January 20, 2012.
  23. ^ Hibberd, James. "ABC orders more 'Shark Tank'".
  24. ^ "ABC's 'Shark Tank' Receives Order for Two Additional Episodes for 2012-2013 Season - Ratings | TVbytheNumbers". tvbythenumbers.zap2it.com. Retrieved April 24, 2014.
  25. ^ Jensen, Jeff. "'DWTS,' 'Bachelor,' and a bigger 'Shark Tank' return".
  26. ^ "ABC 2013-14 Primetime Schedule: 'Marvel's Agents of S.H.I.E.L.D.' on Tuesday, 'Revenge' Sticks With Sunday, 'Once Upon a Time' Spinoff on Thursday, 'DWTS' Downsized & More - Ratings | TVbytheNumbers". tvbythenumbers.zap2it.com. Retrieved April 24, 2014.
  27. ^ "ABC Sets Premiere Dates for 2013-2014 Season Including 'Marvel's Agents of S.H.I.E.L.D.', 'Once Upon a Time in Wonderland' & More - Ratings | TVbytheNumbers". tvbythenumbers.zap2it.com. Retrieved April 24, 2014.
  28. ^ Nordyke, Kimberly (October 10, 2013). "ABC Orders More 'Shark Tank' (Exclusive)". The Hollywood Reporter.
  29. ^ Nordyke, Kimberly (December 12, 2013). "ABC Orders Four More Episodes of 'Shark Tank' (Exclusive)". The Hollywood Reporter.
  30. ^ Hinckley, David (June 28, 2013). "New York Giants co-owner Steve Tisch joining ABC's 'Shark Tank'". Daily News. Retrieved July 3, 2013.
  31. ^ Unknown author (June 28, 2013). "Two More Sharks on ABC". TV Media Insights. Retrieved July 1, 2013. {{cite web}}: |author= has generic name (help)
  32. ^ "CNBC Licences Off-Network Cable Rights to 'Shark Tank' from Disney-ABC Television Group". CNBC. October 1, 2013
  33. ^ Sarah Huggins (May 9, 2014). "'The Bachelor', 'Shark Tank' and 'America's Funniest Home Videos' all renewed by ABC". zap2it. Retrieved May 30, 2014.
  34. ^ Pucci, Douglas (January 6, 2014). "Shark Tank Scores for CNBC on New Year's Day".
  35. ^ http://abc.go.com/shows/shark-tank/news/updates/20141024-shark-tank-companion-series-beyond-the-tank
  36. ^ Unknown author (press release) (September 23, 2012). "64th Prime Time Emmy Winners" (PDF). Academy of Television Arts & Sciences. Retrieved April 8, 2013. {{cite web}}: |author= has generic name (help)
  37. ^ Gorman, Bill (June 16, 2010). "Final 2009-10 Broadcast Primetime Show Average Viewership". TV by the Numbers/Zap2it.
  38. ^ Gorman, Bill (June 1, 2011). "2010-11 Season Broadcast Primetime Show Viewership Averages". TV by the Numbers/Zap2it.
  39. ^ "Friday Final TV Ratings: 'Kitchen Nightmares,' 'Supernatural' Repeat Adjusted Up". TV by the Numbers/Zap2it. Retrieved June 14, 2012.
  40. ^ 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/Zap2it. Retrieved May 21, 2012.
  41. ^ Gorman, Bill (May 24, 2012). "Complete List Of 2011-12 Season TV Show Viewership: 'Sunday Night Football' Tops, Followed By 'American Idol,' 'NCIS' & 'Dancing With The Stars' - Ratings". TV By The Numbers/Zap2it.
  42. ^ Bibel, Sara (September 17, 2012). "Friday Final TV Ratings: 'Shark Tank' Adjusted Up, 'America's Next Top Model' Adjusted Down - Ratings". TV By The Numbers/Zap2it.
  43. ^ Bibel, Sara (May 20, 2013). "Friday Final Ratings: 'Shark Tank', 'Dateline', & '48 Hours' Adjusted Up; No Adjustment for Nikita - Ratings". TV By The Numbers/Zap2it.
  44. ^ Patten, Dominic. "Full 2012-2013 TV Season Series Rankings". Deadline.com. Retrieved October 12, 2013.
  45. ^ "Friday Final TV Ratings: 'Shark Tank' Adjusted Up, '20/20' Adjusted Down + No Adjustment for 'Last Man Standing' or 'The Neighbors' - Ratings". TV by the Numbers/Zap2it. Retrieved October 12, 2013.
  46. ^ Kondolojy, Amanda (May 19, 2014). "Friday Final Ratings: 'Shark Tank' Adjusted Up". TV by the Numbers. Retrieved May 19, 2014.
  47. ^ Deadline Team, The (May 23, 2014). "Full 2014-14 Series Rankings". Retrieved May 23, 2014.
  48. ^ Bibel, Sara (September 29, 2014). "Friday Final Ratings: 'Shark Tank' Adjusted Up; 'Hawaii Five-0' Adjusted Down". TV by the Numbers. Retrieved September 29, 2014.

External links

Retrieved from "https://en.wikipedia.org/w/index.php?title=Shark_Tank&oldid=635990863"