Shark Tank: Not Cancelled Yet, Still Hope for Season Two

It’s been months since ABC aired Shark Tank in primetime and many have assumed that the show’s dead and buried. Not so. The reality series has a lot of fans and there’s still hope that the series could return for a second season.

Each episode of Shark Tank spotlights entrepreneurs and inventors who are looking for capitol to help fuel their dreams. They pitch their ideas to successful business people Robert Herjavec, Kevin O’Leary, Barbara Corcoran, Kevin Harrington, and Daymond John, otherwise known as “the Sharks.” If interested, the Sharks offer to invest their own money but typically want a bigger piece of the pie than the inventor wants to give.

After a disappointing run last summer and fall, it looked like Shark Tank was probably over. Then, in December, producers cobbled together two new episodes from unused footage. The network announced they’d be running them, along with three previously unaired installments, on Friday nights in January. Despite the fact that fewer people watch TV on that evening, the demo ratings were about the same as they had been when the show was running on Sunday and Tuesday nights.

Who's your favorite "shark?" Barbara Corcoran Kevin Harrington Robert Herjavec Daymond John Kevin O'Leary View Results  Loading ...

One of the five remaining episodes was pre-empted and Shark Tank went off the air in early February on a ratings high. Actually, it left primetime but the network sometimes runs repeats on weekend afternoons.

When ABC’s 2010-11 schedule was released in May, the network maintained that they were still considering bringing Shark Tank back for another season.

ABC has now announced that they’re bringing it back, sort of. The final unaired episode will run on Thursday, July 15th at 8pm. After that, they’ll air Shark Tank reruns in that timeslot. For now, they’re scheduled to run until September 23rd but that could change as the network works out their fall debuts.

While this doesn’t mean that Shark Tank will be renewed for a second season, it does indicate that ABC is still interested in the program. Word is that producers are talking about shaking up the group, possibly adding a high profile “shark” or two to the panel.

What do you think? Are you still interested in seeing Shark Tank return? Would you be open to one or two of the sharks being replaced?