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 'Shark Tank'

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PostSubject: 'Shark Tank'   March 31st 2009, 11:49 am

ABC is teaming with Mark Burnett for a new series that offers a bailout to struggling entrepreneurs.

The network has ordered seven episodes of Burnett’s “Shark Tank,” an adaptation of the U.K. reality hit “Dragon’s Den” in which eager entrepreneurs pitch their business ventures to five multimillionaire tycoons. The pitchmen have to convince the investors (the “sharks”) to part with the requested amount of their own money, or they leave empty handed.

The format originated in Japan and has since become a worldwide success, with BBC Two’s “Dragon’s Den” running for six seasons and airing domestically on BBC America. “Shark Tank” marks the first collaboration between ABC and Burnett, who has popular shows on the other three major broadcast networks but has never had a series on ABC. The network and prolific producer hope the project strikes a chord with viewers given the current economic climate.

“People are looking to be entrepreneurs to get ahead, yet there’s no way anybody can go into a bank right now and get a loan,” said Burnett, whose company Mark Burnett Productions is producing the "Shark Tank" along with Sony Pictures Television. “For these entrepreneurs, these sharks are their last stop.”

The team’s creative approach to the program has shifted since its pilot was ordered last fall. At first, everybody thought the show needed to feel bigger. The BBC version has the wealthy investors and pitchmen haggling in a sparse loft space. There’s no cheering audience, no graphics, no exterior footage. The drama comes from whether the entrepreneur’s proposal will survive an intense inquisition, and if it does, whether the sharks will then turn on each other to snatch up the idea.

“We’ve been excited about the 'Dragon’s Den' format for years, but we didn’t go forward at first because we thought it felt too small,” said Vicki Dummer, co-head of alternative at ABC.

In 2006, the network attempted a similar concept called “American Inventor,” which was co-produced by one of the British stars of “Dragon’s Den.” But “Inventor” was an elimination competition about the process of developing an invention, whereas “Shark” is self-contained episodes that are all about the drama of pitch meetings.

Working with Burnett, the network initially tried to make the show feel like a larger event, shooting a pilot in a huge auditorium and placing the investors behind an intimidating desk, among other tweaks. But most of the changes distracted from what worked so well about the original: the interpersonal tension between ambitious entrepreneurs struggling to convince five strangers to part with their money.

“The layers we added for a big huge show we’ve ended up peeling back to make the show more like the original,” Dummer said. “The core essence of the show works, and they’ve done a terrific job with it.”

No air date is set, though a premiere sometime next season seems likely.

The sharks include Robert Herjavec (who made his fortune in Internet security systems), Kevin Harrington (infomercials), Barbara Corcoran (real estate), Kevin O’Leary (well-known Canadian investor) and Daymond John (FUBU sportsware).

One aspect of “Shark Tank” that will be noticeably bigger than the previous versions: the deals spawned during the pitches.

“We have made bigger deals and more deals in our pilot than (other versions) make all season,” Burnett said. “What country on earth is more entrepreneurial and risk taking than the United States of America? Here we have businesses and jobs being created, and it’s a great feeling.”
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PostSubject: Re: 'Shark Tank'   August 19th 2009, 9:07 am

This is my favorite NEW reality show out right now ! I give it a BIG A+ ! The way the Sharks Deal is awesome!

I do hope they tell us sometime how the deals that are done are doing!

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PostSubject: Re: 'Shark Tank'   November 13th 2009, 9:30 pm

November 13, 2009

'Shark Tank' contestants making millions

"Survivor" touts a $1 million grand prize and the winner of a season of "American Idol" winner can potential rake in millions, yet it's ABC's underdog reality show "Shark Tank" that arguably offers the most lucrative prizes for a typical contestant.
Below is list of entrepreneurs' products pitched during the first eight televised episodes of the Mark Burnett series and how they are faring with (and in some cases, without) the sharks' help. Here's the report:
Life Belt (The Lifebelt Safety System)
Outcome: The entrepreneur, who refused a million dollar offer from the Sharks, just signed a 1.7 Million dollar deal with one large automotive dealership. With orders from national retailers (e.g. AutoZone and Hendrick Automotive) Rob is projected to make 30 million dollars by March 2010.

Mr. Tod's Pie Factory (Sweet Potato and Chocolate Pecan Pies)
Outcome: Mr. Tod's sales have tripled and he is currently opening a new retail location. Mr. Tod appeared on QVC and sold tens of thousands of dollars worth of his signature pies.

A Perfect Pear (A Jar of Tapenade)
Outcome: Susan's retail sales have increased by 1,000% and she has been asked to sell her product on QVC.

Stress Free Kids (A Bestselling Children’s Book)
Outcome: Lori's book, "The Angry Octopus" became one of Amazon's top selling books and is now available in Borders bookstores nationwide.

Coverplay (Play Yard Liner)
Outcome: Amy and Allison are in final negotiations with the Marriott hotel chain, who is interested in carrying their Coverplay product in all their hotels worldwide.

Pork Barrel BBQ (Award Winning BBQ Sauce and Dry Rub)
Outcome: Before appearing on "Shark Tank," Brett and Heath had their BBQ products in only three specialty stores, now they’re are in 300 supermarkets on east coast and will soon be available on the shelves of Costco. In addition to their retail success, Brett and Heath have also broken ground on their first Pork Barrel BBQ restaurant.

Treasure Chest Pets (Stuffed Animal with Hidden Compartments)
Outcome: Lisa recently closed a deal to sell her products online at "Bed, Bath and Beyond", and in "Buy Buy Baby" retail stores.

Voyage Air Guitars (A Guitar That Folds in Half)
Outcome: After turning down a half million dollar offer from the Sharks, Jeff Cohen set out to make his unique folding guitar a household name. Now Jeff’s sales have doubled and he will have his guitar featured in 18 million catalogs e.g. Hammacher Schlemmer. Voyage Air Guitars are also in the hands of celebrity musicians like Brad Paisley and Alan Jackson.


~ Happy thoughts fill your life with happiness ~
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PostSubject: Re: 'Shark Tank'   November 14th 2009, 4:18 am

Anyone else watching? Opinions?
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'Shark Tank'
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