May 13, 2011
ABC has renewed Shark Tank for a third season. The good news for the show comes on the day the network cancelled seven of its other series.
Shark Tank takes budding entrepreneurs and has them pitch their business ideas to wealthy businesspeople in the hope of gaining an investment from one or more of them. The show returned for a Season 2 in March, and after nine episodes airs its season finale tonight.
For the current installment, the show brought in well-known billionaire Mark Cuban as well as comedian Jeff Foxworthy to sit on the panel of sharks - or investors. No word yet on details for Season 3, but executive producer Mark Burnett has said that he might take a shot on the show next time around.
"If we get a season three, I'll personally go on it - as long as its legal," he told Entertainment Weekly. "I would not be able to know who the people were pitching. When I'm producing Shark Tank I'm kicking myself, why didn't I have a shot at these ideas."
(Source: Inside TV)