Shark Tank: Poor Premiere Ratings; Cancel It or Keep It?

Shark TankOn Sunday night, ABC aired a new reality competition series. So, how did Shark Tank do? Did it succeed in the ratings or was it eaten alive by the competition?

From The Apprentice’s Mark Burnett, Shark Tank gives budding entrepreneurs the chance to make their dreams come true. To do that, they must convince five tough, multi-millionaires to part with their own hard-earned cash and give them the funding they need to jumpstart their ideas. The five are Robert Herjavec, Kevin O’Leary, Barbara Corcoran, Kevin Harrington, and Daymond John.

But the show’s not as one-sided as it may seem. The business people are looking for solid investments and, once the “sharks” find a project they like, they negotiate to take as big a percentage of the profits as possible. How far is either side willing to go?

Should Shark Tank be cancelled?

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After weeks of promotion, Shark Tank debuted on Sunday, August 9th at 9pm. The premiere attracted an average of just 4.23 million viewers with a low 1.3/4 rating/share in the 18-49 demographic. The first half-hour was in fourth place for total viewers and the second half-hour rose just a bit to place in third. The entire hour was in fourth place in the all-important demographic and lost a huge chunk of its lead-in audience.

TV show supportIf the show continues to tank like this, it certainly won’t have much of a future on the network. ABC reportedly still has 12 episodes left to air. Six of them are scheduled to run on Sunday nights and then Shark Tank’s set to switch to Tuesday evenings. Unless the numbers get better, it seems unlikely that ABC will keep those plans.

What do you think? Is the show worth watching or should the network throw in the towel and cancel it already?

Canceled and renewed TV show

142 Comments · Read them below or add one

  1. Ronnie says

    Please keep this show on! My kids learn so much from this show as well as I. We love it and its very entertaining.

  2. John Ware says

    Please keep Shark Tank, we all enjoy the show with all the players
    along with the naive people that try to sell an unproven idea for an
    outrageous amount. It is SO funny they are very entertaining.

  3. Mr. & Mrs. Edward Wojcik says

    We love Shark Tank. It is so enjoyable compared to other reality shows. It is so interesting and it is helping so many people. PLEASE DO NOT CANCEL.

  4. Mr. and Mrs. Robert Dies says

    My husband and I just started watching this show…Spring 2011 and have throughly enjoyed watching it. I hope this show isn’t cancelled. There are so little good shows on ABC that this show is truly an intertaining and intelligent show and an assest to the ABC network. My husband and I started watching it when we ran acrossed it while switching channels and gave it a shot since there was nothing worth watching at that time. We never heard of it before this but accidently came across it. We are very glad we did find it and are just sickened that it may be cancelled. We catch it from time to time while channel surfing and really aren’t sure when it comes on. Next time we will jot down the time and day it is aired. GREAT SHOW AND VERY EDUCATIONAL AND INTERESTING TOO-BOOT!! C an’t fail on this one….for sure…
    Mr. and Mrs. Dies

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