Did ABC Cancel Shark Tank Season 16? 2024 Date

What Is Shark Tank About?

Budding entrepreneurs get the chance to bring their dreams to fruition in this reality show from executive producer Mark Burnett. They present their ideas to the sharks in the tank -- five titans of industry who made their own dreams a reality and turned their ideas into lucrative empires. The contestants try to convince any one of the sharks to invest money in their idea. When more than one of the sharks decide they want a piece of the action, a bidding war can erupt, driving up the price of the investment.

The Sharks are looking for the best products and businesses America has to offer. Hopeful entrepreneurs come to the Shark Tank seeking an investment to start, grow or save their businesses. If the Sharks hear a great idea, they’re ready to invest using their own money. And they’ll fight each other for a piece of the action. But first, the entrepreneur must convince a shark to invest the full amount they are asking for.

Four new guest sharks diving into the tank for the first time: Kevin Hart, Actor, Investor and Entrepreneur; Emma Grede, CEO and Co-Founder of Good American and Founding Partner of SKIMS; Peter Jones, Dragon on BBC’s Dragon’s Den; and Nirav Tolia, Co-Founder of Nextdoor, Also Join Returning Guest Shark Daniel Lubetzky

“Shark Tank,” the critically acclaimed and multi-Emmy(R) Award-winning business-themed unscripted series that celebrates entrepreneurship in America, adds four new guest Sharks for its 13th season, premiering FRIDAY, OCT. 8 (8:00-9:01 p.m. EDT), on ABC. Emma Grede, CEO and co-founder of Good American and founding partner of SKIMS; Kevin Hart, actor, investor and entrepreneur; Peter Jones, the sole remaining original Dragon on the BBC’s “Dragons’ Den”; and Nirav Tolia, co-founder of Nextdoor, will appear individually alongside long-standing Sharks Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary in various episodes during the 2021-2022 season. Daniel Lubetzky, founder and executive chairman of KIND, also returns this season. Episodes can be viewed the day after their premiere on demand and on Hulu.

Last season, “Shark Tank” delivered its most-watched season in three years and ranked as Friday’s No. 1 show in Adults 18-49.

Produced by MGM Television and Sony Pictures Television, the unrivaled and beloved show has become a culturally defining series. The recipient of the 2017, 2016, 2015 and 2014 Emmy Awards for Outstanding Structured Reality Program, “Shark Tank” features The Sharks – tough, self-made, multimillionaire and billionaire tycoons – as they invest in America’s best businesses and products. The Sharks will give people from all walks of life the chance to chase the American dream and potentially secure business deals that could make them millionaires. Mark Burnett, Clay Newbill, Yun Lingner, Max Swedlow and Phil Gurin, Brandon Wallace, Mark Cuban, Barbara Corcoran, Lori Greiner, Robert Herjavec, Daymond John and Kevin O’Leary are the executive producers of “Shark Tank,” which is based on the Japanese “Dragons’ Den” format, created by Nippon Television Network Corporation. The series is produced by MGM Television in association with Sony Pictures Television.

Is "Shark Tank" returning for Season 16? When does the next season of Shark Tank come back on? 🤔 Find out below!

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