Shark Tank (Australian TV series)

Shark Tank
Genre Reality
Directed by Randall Churchill
Presented by Sarah Harris
Starring
Country of origin Australia
Original language(s) English
No. of seasons 4
No. of episodes 54 (as of 7 August 2018)
Production
Production location(s) Sydney, New South Wales
Running time 60 minutes
Production company(s) Shine Australia
Release
Original network Network Ten
Picture format 576i (SDTV)
1080i (HDTV) (2016-)
Audio format Stereo
Original release 8 February 2015 (2015-02-08) – present (present)
External links
Website

Shark Tank is an Australian reality competition television series that premiered 8 February 2015, on Network Ten. It has aspiring entrepreneur-contestants make business presentations to a panel of "shark" investors.[1] Shark Tank is filmed at Fox Studios Australia.

Season overview

Season Episodes Originally aired
Season premiere Season finale
1 15 8 February 2015 7 June 2015
2 13 8 May 2016 7 July 2016
3 13 20 June 2017 19 September 2017
4 13 15 May 2018 7 August 2018

Overview

The show is hosted by Sarah Harris and features a panel of investors whom are the "sharks", who listen to entrepreneurs pitch ideas for a business or product they wish to develop. The sharks do receive money for their participation, but they invest their own money. These self-made multi-millionaires judge the business concepts and products pitched and then decide whether to invest their own money to help market and mentor each contestant.[2]

The potential exists, if one of the sharks is interested, for a deal to be made right there on the show. However, if all of the sharks decline, the contestant leaves with nothing. Shark Tank has been described as demonstrating "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons."[3]

A 2018 investigation by Fairfax Media revealed that, in 2017, 50 products resulted in 27 deals, however, only four investments actually went ahead.[4]

History

Shark Tank is the second Australian series to be based on the show format. The first adaptation, Dragons' Den, was an unsuccessful 2005 series that aired on the Seven Network.[5]

Shark Tank premiered on 8 February 2015 and aired 15 episodes through to 7 June 2015 with a regular timeslot of 8:00pm Sunday. It was renewed for a second season in the season finale. Season 2 premiered in 2016 with Glen Richards replacing John McGrath as a panelist. The series was renewed for a third season which began airing on 20 June 2017.[6]

Timeline of sharks

Sharks Seasons
1 2 3 4
Current
Steve Baxter
(Internet pioneer)		 Main
Janine Allis
(Boost Juice)		 Main
Andrew Banks
(Talent2)		 Main
Naomi Simson
(RedBalloon)		 Main
Glen Richards
(Greencross Vets)[7]		 Main
Former
John McGrath
(McGrath Estate Agents)		 Main

Season ratings

Season Timeslot No. of Episodes Premiere Finale TV Season
Date Viewers Date Viewers
1
Sunday 8:00pm
 15
8 February 2015
 616,000[8]
7 June 2015
 567,000[9] 2015
2
 Various 13
8 May 2016
 479,000[10]
7 July 2016
 580,000[11] 2016
3
 Various 13
20 June 2017
 749,000[12]
19 September 2017
 389,000[13] 2017
4
 Tuesday 8:30pm 13
15 May 2018
 508,000[14]
7 August 2018
 371,000[15] 2018

References

  1. ↑ Knox, David (1 September 2014). "TEN confirms Shark Tank for 2015". TV Tonight. Retrieved 5 February 2015.
  2. ↑ Ten, Network. "About - Shark Tank". TenPlay - About - Shark Tank. Retrieved 17 May 2018.
  3. ↑ Lewis, Hilary (31 March 2009). "ABC To Humiliate Entrepreneurs On National TV". Business Insider (Australia). Archived from the original on 10 April 2013. Retrieved 21 March 2013.
  4. ↑ Waters, Cara (17 May 2018). "'I'm out': Shark Tank bites fail to net deal once show goes to air". The Sydney Morning Herald. Retrieved 17 May 2018.
  5. ↑ Lee, Ada (29 January 2015). "Reality TV show Shark Tank is where entrepreneurs sink or swim". The Sydney Morning Herald.
  6. ↑ Knox, David (29 January 2015). "Returning: Shark Tank 2017". TV Tonight.
  7. ↑ Knox, David (2 November 2015). "New Shark enters TEN's Tank". TV Tonight. Retrieved 3 November 2015.
  8. ↑ Knox, David (9 February 2015). "Sunday 8 February 2015". TV Tonight. Retrieved 9 February 2015.
  9. ↑ Knox, David (8 June 2015). "Sunday 7 June 2015". TV Tonight. Retrieved 8 June 2015.
  10. ↑ Knox, David (9 May 2016). "Sunday 8 May 2016". TV Tonight. Retrieved 9 May 2016.
  11. ↑ Knox, David (8 July 2016). "Thursday 7 July 2016". TV Tonight. Retrieved 8 July 2016.
  12. ↑ Knox, David (21 June 2017). "Tuesday 20 June 2017". TV Tonight. Retrieved 21 June 2017.
  13. ↑ Knox, David (20 September 2017). "Tuesday 19 September 2017". TV Tonight. Retrieved 20 September 2017.
  14. ↑ Knox, David (16 May 2018). "Tuesday 15 May 2018". TV Tonight. Retrieved 16 May 2018.
  15. ↑ Knox, David (8 August 2018). "Nine wins Tuesday with The Block, True Story". TV Tonight. Retrieved 8 August 2018.
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