‘Shark Tank’: Mark Cuban Extends Contract, ABC Talks Spinoff

No premiere date yet for 'Beyond The Tank'

Photo: Mark Cuban on ABC's 'Shark Tank'

Mark Cuban will be spending a lot more time in the SHARK TANK!

“I’m back for three years,” the billionaire investor tells TheTVPage.com exclusively.

Financial terms were not revealed.

In December, details of Cuban’s ongoing contract negotiations emerged as part of the Sony hacking ordeal.

Cuban called the initial $30,000 per-episode offer (to appear on the flagship show) “beyond insulting” and threatened to quit.

>>RELATED STORY:  ‘Shark Tank’s Barbara Corcoran Goes Back To School

With its current panel of venture capitalists — Cuban, Daymond John, Barbara Corcoran, Kevin O’Leary, Lori Greiner and Robert Herjavec — SHARK TANK has become a cornerstone of ABC’s Friday night lineup.

In a press conference with television writers today, network programming boss Paul Lee dodged my question about how long the current line up will remain in tact, saying only: “We love all our sharks and are optimistic that we are in good shape moving forward.”

>>RELATED STORY: Mark Cuban Explains Why He Almost Quit ‘Shark Tank’

Lee did, however, give a few hints about the upcoming companion series, BEYOND THE TANK.

In March, ABC ordered ten hour-long episodes of the program from Sony Pictures Television and executive producer Mark Burnett.

“It is going to be [follow up] stories of people who have been on SHARK TANK,” Lee said.  “Some of them emotional, some of them uplifting, some of them tragic.”

The show is currently in production and “we [the sharks] will all be involved,” Cuban confirms.

So far, no air date has been decided, but it is “probably more likely to be in season,” Lee says.

SHARK TANK airs Fridays at 9:00 PM on ABC.

Sean Daly

Sean Daly

Editor-In-Chief at TheTVPage.com
Sean Daly is a veteran entertainment journalist.His work has appeared in People, Us Weekly, The Toronto Star and other top publications. He was the west coast TV reporter for The New York Post from 2008 - 2013. Sean is the author of Inside AGT: The Untold Stories of America's Got Talent and Teen Mom Confidential: Secrets and Scandals From MTV's Most Controversial Shows.
Sean Daly