How Mark Cuban changed Shark Tank’s requirement that companies give equity or profit to ABC, Mark Burnett
Shark Tank’s first four seasons included an on-screen disclaimer that noted that “Sony Pictures Television, a designee of Mark Burnett, and ABC may receive equity in or a share of revenues generated by the businesses included in this program.” That was true whether or not the company made a deal, but it is no longer true, and has been retroactively reversed thanks to Mark Cuban.
Cuban already changed Shark Tank on camera, making the show more entertaining with his unexpected deals and willingness to engage and challenge both entrepreneurs and other sharks. He’s now changed the show behind the scenes.
“Fyi, There is no additional equity or percentage of anything taken any longer. That was removed retroactively. I told them i wouldn’t come back this season if it wasnt.
To their credit all involved realizes thw quality of companies and entrepreneurs woukd decline if they didnt.”
ABC and Sony had no comment.