Shark Tank (Australian TV series) explained

Genre:Reality
Director:Randall Churchill
Presenter:Sarah Harris
Starring:See investors
Country:Australia
Language:English
Num Seasons:5
Num Episodes:61
Location:Sydney, New South Wales
Runtime:60 minutes
Channel:Network Ten

Shark Tank is an Australian reality competition television series that premiered on 8 February 2015 and aired until 7 August 2018 on Network Ten, in which aspiring entrepreneur-contestants made business presentations to a panel of "Shark" investors.[1] Shark Tank was filmed at Disney Studios Australia.

Four seasons of the program were aired. It was announced on 31 October 2018 that the show would not return for a fifth season in 2019.[2]

In March 2023, it was announced the series would return to Network 10 later in the year, with a new panel of investors to be confirmed, and will be produced by Curio Pictures.[3] [4] On 22 March 2023, Network 10 announced the new panel of investors.[5] [6] The fifth season premiered on 29 August 2023.[7] In October 2023, the series was renewed by 10 for a sixth season, which is set to air in the second half of 2024.[8] [9]

Season overview

SeasonEpisodesOriginally aired
Season premiereSeason finale
1157 June 2015
2138 May 20167 July 2016
31320 June 2017
41315 May 20187 August 2018
5829 August 202317 October 2023

Overview

Hosted by Sarah Harris, the show featured a panel of multimillionaire investors called "Sharks" who listened to entrepreneurs pitch businesses or products they wished to develop. If one or more Sharks were interested, investment deals could be made on the show. However, if all sharks declined, contestants left with nothing. A 2018 investigation by Fairfax Media revealed that during the 2017 season, fifty pitches resulted in twenty-seven deals, of which only four actually closed.[10]

Shark Tank has been described as demonstrating "the drama of pitch meetings and the interaction between the entrepreneurs and tycoons."[11] Sharks were compensated for their participation but invested their own money.[12]

History

Shark Tank was the second Australian series to be based on the show format. A previous unsuccessful adaptation, Dragons' Den (2005), aired on the Seven Network.[13]

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 that began airing on 20 June 2017.[14]

Timeline of sharks

SharksSeasons
123456
Steve Baxter
(Internet pioneer)
colspan="4" colspan="2"
Janine Allis
(Boost Juice)
colspan="4" colspan="2"
Andrew Banks
(Talent2)
colspan="4" colspan="2"
Naomi Simson
(RedBalloon)
colspan="4" colspan="2"
John McGrath
(McGrath Estate Agents)
colspan="5"
Dr. Glen Richards
(Greencross Vets)[15]
colspan="3" colspan="2"
Sabri Suby
(King Kong Digital Marketing Agency)
colspan="4" colspan="1"
Catriona Wallace
(Responsible Metaverse Alliance)
colspan="4" colspan="1"
Davie Fogarty
(Davie Group)
colspan="4" colspan="2"
Jane Lu
(Showpo)
colspan="4" colspan="2"
Robert Herjavec
(Herjavec Group)
colspan="4" colspan="2"

Season ratings

SeasonTimeslot EpisodesPremiereFinaleSeason Average
1Sunday 8:00pm158 February 20157 June 2015649,000
2Various138 May 20167 July 2016568,000
3Various1320 June 201719 September 2017530,000
4Tuesday 8:30pm1315 May 20187 August 2018522,000
5Tuesday 7:30pm829 August 202317 October 2023243,000

Notes and References

  1. Web site: Knox. David. TEN confirms Shark Tank for 2015. TV Tonight. 1 September 2014. 5 February 2015.
  2. Web site: Network Ten in 2019: What's new, what's returning, what's gone?. Michael. Lallo. 31 October 2018. The Sydney Morning Herald. 31 October 2018.
  3. Web site: David. Knox. Shark Tank returning to 10. 2 March 2023. TV Tonight. 2 March 2023.
  4. Web site: Kyle. Laidlaw. Channel 10 announces return of competition series Shark Tank Australia for a new season in 2023. 2 March 2023. TV Blackbox. 2 March 2023.
  5. Web site: David. Knox. Meet the new Shark Tank bosses. 22 March 2023. TV Tonight. 22 March 2023.
  6. Web site: Shark Tank: Channel 10 reveals the Sharks circling Australian businesses. 22 March 2023. Mediaweek. 22 March 2023.
  7. Web site: David. Knox. Returning: Shark Tank S5. 15 August 2023. TV Tonight. 25 August 2023.
  8. Web site: 2023-10-24 . 2024 Upfronts: 10 / Paramount+ TV Tonight . 2024-06-07 . tvtonight.com.au . en-AU.
  9. Web site: 2024-05-17 . Here's What's Still To Come On 10 In 2024 . 2024-06-07 . 10 play . en-AU.
  10. Web site: 'I'm out': Shark Tank bites fail to net deal once show goes to air. Cara. Waters. 17 May 2018. The Sydney Morning Herald. 17 May 2018.
  11. Web site: ABC To Humiliate Entrepreneurs On National TV . Business Insider (Australia) . 31 March 2009 . 21 March 2013 . Lewis, Hilary . dead . https://archive.today/20130410162807/http://au.businessinsider.com/abc-to-humiliate-struggling-entrepreneurs-on-national-television-2009-3 . 10 April 2013 . dmy-all .
  12. Web site: About - Shark Tank. Network. Ten. TenPlay - About - Shark Tank. 17 May 2018.
  13. News: Lee. Ada. Reality TV show Shark Tank is where entrepreneurs sink or swim. The Sydney Morning Herald. 29 January 2015.
  14. News: Knox. David. Returning: Shark Tank 2017. TV Tonight. 29 January 2015.
  15. Web site: Knox. David. New Shark enters TEN's Tank. TV Tonight. 2 November 2015. 3 November 2015.