Shark Tank

For the Australian television series, see Shark Tank (Australian TV series). For the arena in San Jose, California, see SAP Center at San Jose.
Shark Tank
Genre Reality
Created by Mark Burnett
Based on Dragons' Den
Directed by
Starring
Country of origin United States
Original language(s) English
No. of seasons 8
No. of episodes 161 (list of episodes)
Production
Executive producer(s)
Camera setup Multiple-camera
Running time 42 minutes
Production company(s)
Distributor
Release
Original network ABC
Picture format 720p (16:9 HDTV)
Audio format Stereo
Original release August 9, 2009 (2009-08-09) – present
Chronology
Related shows Beyond the Tank
External links
Website

Shark Tank is an American reality television series that premiered August 9, 2009, on ABC.[1] The show is a franchise of the international format Dragons' Den, which originated in Japan in 2001. Shark Tank shows aspiring entrepreneur-contestants make business presentations to a panel of "shark" investors, who then choose whether or not to invest.

The show is currently in its eighth season, and has been a ratings success in its timeslot. It has also won the Primetime Emmy Award for Outstanding Structured Reality Program twice. On March 3, 2016, ABC renewed the series for an eighth season,[2] which began on September 23, 2016.[3]

Overview

Shark Tank is produced by Mark Burnett and based on the international format Dragons' Den, which originated in 2001 with the Japanese show Tigers of Money.[4] The show, however, more closely resembles the format of the British version, Dragons' Den, which premiered in 2005.[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 sharks are paid for their participation in the show, but the money they invest is their own.[10] 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.[11] The show is said to portray "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons."[12] A one-hour pitch by a contestant is edited down to "a dramatic 10-minute segment."[13]

Two of the show's longstanding "sharks", Robert Herjavec and Kevin O'Leary, are Canadian entrepreneurs who had previously appeared on the Canadian version of the show, Dragons' Den.

The "sharks" often find weaknesses and faults in an entrepreneur's concept, product, or business model.[11] 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".[11]

Many, and possibly a majority, of the deals made on the show are never enacted, due to the investors' vetting process following the deal, which includes product testing and the examination of the contestants' personal and business financials.[14] In some cases, the entrepreneurs themselves have backed out of the deal after admitting that they only wanted to appear on the show for the publicity.[15]

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.[16] However, in October 2013, this requirement was repealed by the network, retroactively, due to pressure from panel member Mark Cuban.[17] 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 potential participants have declined to appear on the show for this reason.[18]

History

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[19] and Mark Cuban replaced panel member Kevin Harrington in those episodes.[20] In season 2, Kevin O'Leary, Barbara Corcoran, Daymond John, and Robert Herjavec appeared in all nine episodes; Mark Cuban appeared in three, Kevin Harrington in four, and Jeff Foxworthy in two.[21]

Shark Tank's third season premiered in January 2012.[22][23] 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 unaired footage, which brought the season's episode total to 15.[24] On May 10, 2012, Shark Tank was renewed for a fourth season consisting of 26 episodes.[25] This is the first time the series received a full season order.[26] 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. 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 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.[27] Season 5 premiered on September 20, 2013.[28] In October 2013, ABC ordered an additional two episodes for the season. In December 2013, ABC ordered another four episodes, bringing the season order to 29 episodes.[29][30] Steve Tisch and John Paul DeJoria were added as panel members.[31][32] In 2013, CNBC licensed exclusive off-network cable rights for the series from ABC.[33] In May 2014, ABC announced a sixth season starting in September 2014.[34] The series began its syndication run on CNBC on December 30, 2013.[35]

The seventh season of the show premiered on Friday, September 25, 2015.[36] Actor/investor Ashton Kutcher, music manager/CEO Troy Carter, and venture investor Chris Sacca all appeared as guest sharks.[37][38]

Timeline of Sharks

Sharks Seasons
1 2 3 4 5 6 7 8
Kevin O'Leary Main
Barbara Corcoran Main
Daymond John Main
Robert Herjavec Main
Mark Cuban Guest Main
Lori Greiner Guest Main
Kevin Harrington Main
Jeff Foxworthy Guest
Steve Tisch Guest
John Paul DeJoria Guest
Nick Woodman Guest
Ashton Kutcher Guest
Troy Carter Guest
Chris Sacca Guest

Reception

Critical reception

During its first season, Shark Tank saw a mostly positive reception. Josh Wolk of Entertainment Weekly wrote, "The moneymen ask informed questions and make shrewd decisions, a welcome relief from Donald Trump's capricious calls on Burnett's Celebrity Apprentice."[39] Heather Havrilesky from Salon said that "ABC's Shark Tank is easily the best new reality TV show to air this summer."[40] Tom Shales of The Washington Post wrote, "It sounds gimmicky and visually tedious, with most of the so-called action taking place in a conference room. It's all those things, but the moments of misery make it memorable."[11] Shales noted that the series was premiering during an economic recession, and that many of the aspiring entrepreneurs had poured significant amounts of money into their businesses; he praised "how deftly the show personalizes the desperation and pain experienced by victims of a broken down economy."[11] And David Hinckley of the New York Daily News said, "Once you get past its somewhat misleading title, Mark Burnett's new Shark Tank is a well-paced hour that offers entertainment without humiliation."[41]

Ratings

During the first two seasons the series barely peaked at 5 million viewers, with season 2 only having 9 episodes in its run. But by season 3 the show's viewership picked up past 5 million and started to crack the top 100 in the ratings. By 2012, the show averaged over 6 million viewers an episode. It is the most watched program on Friday nights in the 18- to 49-year-old demographic. As a result, ABC added three more episodes to the original season order of 22. In its sixth season the series reached over 9 million an episode, becoming its most successful season to date.

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 No. 102 4.81[42]
2
Friday 8:00 pm
 9
March 20, 2011
 6.13
May 13, 2011
 4.99 2010–11 No. 113 5.12[43]
3
 15
January 20, 2012
 6.25[44]
May 18, 2012
 5.52[45] 2011–12 No. 98 6.03[46]
4
Friday 8:00 pm
Friday 9:00 pm
26
September 14, 2012
 6.40[47]
May 17, 2013
 6.68[48] 2012–13 No. 63 6.92[49]
5
Friday 9:00 pm
29
September 20, 2013
 6.86[50]
May 16, 2014
 6.74[51] 2013–14 No. 51 8.02[52]
6
 29
September 26, 2014
 7.45[53]
May 15, 2015
 7.04[54] 2014–15 No. 55 9.13[55]
7
 29
September 25, 2015
 6.08[56]
May 20, 2016
 5.47[57] 2015–16 No. 63 7.05[58]
8 TBD
September 23, 2016
 TBD TBD TBD 2016–17 TBD TBD

Awards and nominations

To date, Shark Tank has won two Emmy Awards, and has been nominated for three others. Shark Tank was nominated for Outstanding Reality Program in 2012 and 2013, losing both times. In 2014, the Emmys' "Reality Program" award was split into two awards, one for "Structured Reality" and one for "Unstructured Reality", and Shark Tank has won the "Outstanding Structured Reality Program" award in both 2014 and 2015.[59][60]

Year Nominee/work Award Result
2012 Shark Tank Primetime Emmy Award for Outstanding Reality Program Nominated
2013 Primetime Emmy Award for Outstanding Reality Program Nominated
2014 Primetime Emmy Award for Outstanding Structured Reality Program Won
2015 Primetime Emmy Award for Outstanding Structured Reality Program Won
2012 Critics Choice Television Award for Best Reality Series – Competition Nominated
2013 Critics Choice Television Award for Best Reality Series – Competition Nominated
2014 Critics Choice Television Award for Best Reality Series – Competition Won
2015 Critics Choice Television Award for Best Reality Series Won
2014 Image Award for Outstanding Reality Series Nominated
2015 Image Award for Outstanding Reality Series Nominated
2015 USA Kids' Choice Awards Blimp Award for Favorite Reality Show Nominated
2013 PGA Award for Outstanding Producer of Non-Fiction Television Nominated
2014 PGA Award for Outstanding Producer of Non-Fiction Television Nominated
2015 PGA Award for Outstanding Producer of Non-Fiction Television Nominated
2013 Television Critics Association Award for Outstanding Achievement in Reality Programming Won
2014 Television Critics Association Award for Outstanding Achievement in Reality Programming Nominated
2015 Television Critics Association Award for Outstanding Achievement in Reality Programming Nominated

Beyond the Tank

ABC launched a companion series, Beyond the Tank, which shows the current state of companies that appeared on Shark Tank, including both those that made a deal and those that were rejected by investors.[61] Two seasons of Beyond the Tank have aired so far, one in 2015 and one in 2016.[60][62][63]

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. ↑ Wagmeister, Elizabeth (March 3, 2016). "ABC Renews 15 Shows Including 'Quantico,' 'The Bachelor' & Comedy Slate". Variety. Retrieved March 3, 2016.
  3. ↑ Webb Mitovich, Matt (June 28, 2016). "Fall TV Premiere Dates 2016 — Schedule Of Season & Series Premieres". TVLine. Retrieved August 28, 2016.
  4. 1 2 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
  7. 1 2 Battaglio, Stephen (December 3, 2012) "Shark Attacks Prime Time!". TV Guide. pp. 4–5
  8. ↑ O'Leary, Kevin (2012). Cold Hard Truth on Business, Money & Life, Random House, page 8, ISBN 9780385671767
  9. ↑ Collins, Scott (January 10, 2013). "Winter TCA: 'Shark Tank' star calls corporate ladder 'all crap'". Los Angeles Times. Retrieved March 21, 2013.
  10. ↑ Owen, Rob (January 23, 2015). "TV Q&A: 'Shark Tank,' 'Longmire' and WEPA". Pittsburgh Post-Gazette. Retrieved January 23, 2015.
  11. 1 2 3 4 5 Shales, Tom (August 8, 2009). "Shark Tank: ABC Is Out For Blood". The Washington Post. Retrieved March 21, 2013.
  12. ↑ Lewis, Hilary (March 31, 2009). "ABC To Humiliate Entrepreneurs on National TV". Business Insider (Australia). Retrieved March 21, 2013.
  13. ↑ Shontell, Allyson (September 22, 2012). "23-Year-Old Turns Down Big Money From Mark Cuban". Business Insider (Australia). Retrieved March 21, 2013.
  14. ↑ Daly, Shawn (January 29, 2013). "Deal interrupted: On 'Shark Tank,' a lot can happen after the handshake". New York Post. Retrieved March 21, 2013.
  15. ↑ Schawbel, Dan (June 4, 2012). "Shark Tank Roundtable – Their Best and Worst Deals". Forbes. When we started dealing with these ["Hill Billy"] guys they said "we just wanted to be on TV for the free advertisement, we didn't really want to do a deal with you."
  16. 1 2 Kassar, Ami (September 19, 2012). "Passing Up the Opportunity to Appear on 'Shark Tank'". The New York Times. Retrieved March 21, 2013.
  17. ↑ Yankowicz, Will (October 2, 2013). "Mark Cuban Made Shark Tank Change Its Contracts". Inc. magazine. Retrieved October 10, 2013.
  18. ↑ "Shark Tank: Not for Every Entrepreneur". Inc.com. Retrieved August 12, 2015.
  19. ↑ DiNunno, Gina (August 10, 2010). "Jeff Foxworthy Joins ABC's Shark Tank". TV Guide.
  20. ↑ "Shark Tank: Mark Cuban Joins the Sharks for Season Two". TV Series Finale. September 20, 2010
  21. ↑ Schawbel, Dan. "Shark Tank Roundtable – Their Best and Worst Deals". Retrieved October 21, 2013.
  22. ↑ Bentley, Jean. "TV Ratings: CBS repeats win Friday over 'Shark Tank' debut". Retrieved January 21, 2012.
  23. ↑ Stein, Rachel. "Going Through Channels: Friday, January 20, 2012: Shark Tank". Retrieved January 20, 2012.
  24. ↑ Hibberd, James. "ABC orders more 'Shark Tank'".
  25. ↑ "ABC's 'Shark Tank' Receives Order for Two Additional Episodes for 2012–2013 Season – Ratings | TVbytheNumbers". tvbythenumbers.zap2it.com. Retrieved April 24, 2014.
  26. ↑ Jensen, Jeff. "'DWTS,' 'Bachelor,' and a bigger 'Shark Tank' return".
  27. ↑ "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.
  28. ↑ "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.
  29. ↑ Nordyke, Kimberly (October 10, 2013). "ABC Orders More 'Shark Tank' (Exclusive)". The Hollywood Reporter.
  30. ↑ Nordyke, Kimberly (December 12, 2013). "ABC Orders Four More Episodes of 'Shark Tank' (Exclusive)". The Hollywood Reporter.
  31. ↑ Hinckley, David (June 28, 2013). "New York Giants co-owner Steve Tisch joining ABC's 'Shark Tank'". Daily News. Retrieved July 3, 2013.
  32. ↑ "Two More Sharks on ABC". TV Media Insights. June 28, 2013. Retrieved July 1, 2013.
  33. ↑ "CNBC Licenses Off-Network Cable Rights to 'Shark Tank' from Disney-ABC Television Group". CNBC. October 1, 2013
  34. ↑ Sarah Huggins (May 9, 2014). "'The Bachelor', 'Shark Tank' and 'America's Funniest Home Videos' all renewed by ABC". zap2it. Retrieved May 30, 2014.
  35. ↑ Pucci, Douglas (January 6, 2014). "Shark Tank Scores for CNBC on New Year's Day".
  36. ↑ "Shark Tank season 7 premiere date – September 25, 2015". Retrieved August 12, 2015.
  37. ↑ Alex Konrad (July 20, 2015). "Ashton Kutcher, Troy Carter And Chris Sacca Test Investing Chops on New Season Of 'Shark Tank'". Forbes. Retrieved August 12, 2015.
  38. ↑ Isaac Saul (Sep 2, 2015). "Ashton Kutcher Set To Appear On 'Shark Tank,' Reveals Investment Strategy'". A Plus. Retrieved October 8, 2015.
  39. ↑ "Shark Tank". Metacritic. Retrieved August 12, 2015.
  40. ↑ Heather Havrilesky. "Who wants to be a billionaire?". Salon. Retrieved August 12, 2015.
  41. ↑ "Capitalists fish for financing on Mark Burnett's 'Shark Tank'". Daily News. New York. Retrieved October 19, 2015.
  42. ↑ Gorman, Bill (June 16, 2010). "Final 2009–10 Broadcast Primetime Show Average Viewership". TV by the Numbers/Zap2it.
  43. ↑ Gorman, Bill (June 1, 2011). "2010–11 Season Broadcast Primetime Show Viewership Averages". TV by the Numbers/Zap2it.
  44. ↑ "Friday Final TV Ratings: 'Kitchen Nightmares,' 'Supernatural' Repeat Adjusted Up". TV by the Numbers/Zap2it. Retrieved June 14, 2012.
  45. ↑ 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.
  46. ↑ 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.
  47. ↑ 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.
  48. ↑ 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.
  49. ↑ Patten, Dominic. "Full 2012–2013 TV Season Series Rankings". Deadline.com. Retrieved October 12, 2013.
  50. ↑ "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.
  51. ↑ Kondolojy, Amanda (May 19, 2014). "Friday Final Ratings: 'Shark Tank' Adjusted Up". TV by the Numbers. Retrieved May 19, 2014.
  52. ↑ Deadline Team, The (May 23, 2014). "Full 2014–14 Series Rankings". Retrieved May 23, 2014.
  53. ↑ 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.
  54. ↑ Kondolojy, Amanda (May 18, 2015). "Friday Final Ratings: 'The Amazing Race' Adjusted Up; 'The Messengers' Adjusted Down". TV by the Numbers. Retrieved May 18, 2015.
  55. ↑ "Full 2014–15 Series Rankings". Deadline Hollywood. May 22, 2015. Retrieved May 22, 2015.
  56. ↑ Dixon, Dani (September 28, 2015). "Friday Final Ratings: 'The Amazing Race' + 'Shark Tank' Adjusted Up". TV by the Numbers. Retrieved September 28, 2015.
  57. ↑ Porter, Rick (May 23, 2016). "Friday final ratings: 'Shark Tank' finale adjusts up, 'Originals' and 'Masters of Illusion' adjust down". TV by the Numbers. Retrieved May 23, 2016.
  58. ↑ "Full 2015–16 TV Season Series Rankings". Deadline Hollywood. May 26, 2015. Retrieved May 26, 2015.
  59. ↑ "2014 Creative Arts Emmy Award Winners". Academy of Television Arts & Sciences. August 18, 2014.
  60. 1 2 "AWARDS & NOMINATIONS". Academy of Television Arts & Sciences. Retrieved May 9, 2015.
  61. ↑ "Shark Tank Companion Series 'Beyond the Tank' Announced". ABC. Retrieved August 12, 2015.
  62. ↑ "Shark Tank". Archived from the original on March 18, 2016. Retrieved March 18, 2016.
  63. ↑ Wagmeister, Elizabeth (March 3, 2016). "ABC Renews 15 Shows Including 'Quantico,' 'The Bachelor' & Comedy Slate". Variety. Retrieved March 3, 2016.

External links

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