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Cuban to be series regular on 'Shark Tank'

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Dallas Mavericks' owner Mark Cuban on the court during pre-game warm-ups before Game 1 of the Western Conference semifinals against the Los Angeles Lakers in Los Angeles on May 2, 2011. The Mavericks defeated the Lakers 96-94 to lead the best-of-seven playoff series 1-0. UPI/Christine Cotter 
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Published: July 16, 2011 at 2:35 AM

LOS ANGELES, July 16 (UPI) -- Billionaire entrepreneur and owner of the NBA's Dallas Mavericks, Mark Cuban, is to be a series regular on "Shark Tank" next season, ABC said.

Cuban, who appeared in several episodes of the business-themed competition series last season, will become a regular on the "Shark Tank" panel in Season 3.

"The show gives budding entrepreneurs the chance to make their dreams come true and possibly make a deal that will make them millionaires," ABC said in a synopsis. "Entrepreneurs who dare to enter the 'Shark Tank' must try to convince the panel of Sharks -- tough, self-made, multimillionaire tycoons -- to part with their own hard-earned cash and give them the funding they desperately need to jump-start their business ideas. But the Sharks have a goal, too -- to get a return on their investment and own a piece of the next big business idea."

"Shark Tank" is an Americanized version of the Japanese "Dragons' Den" format created by Nippon Television Network Corporation. The U.S. edition is produced by Mark Burnett, Clay Newbill and Phil Gurin.

© 2011 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

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