Shark Tank Season 13 Release Date, Sharks, And Location

ABC's beloved series "Shark Tank" manages to capture the entrepreneurial spirit with a little of the drama and pizzazz of a reality TV show. Contestants come forward with a snazzy sales pitch of their products, hoping to secure business deals with the panel of judges, according to ABC. The judges themselves, also commonly referred to as Sharks, are a notable bunch. The judges are worth an astounding amount of money, which makes sense since they're literally in the business of spotting lucrative deals.

The show is so successful because many contestants do truly go on to thrive financially. Remember those amazing sponges called Scrub Daddy? Those blew up thanks to "Shark Tank," as did the comfy sock brand called Bombas, according to Investopedia. With so many success stories, it's no wonder that the show is returning for its 13th season. Here's everything you need to know about the newest installment of "Shark Tank."

Viewers can expect the latest season of "Shark Tank" to land on October 8, according to ABC. The season will be available for streaming on the network's website or on Hulu, so there are a few different ways to catch it.

The show announced the upcoming season on Instagram and fan reactions were unanimously excited. "We will be watching, learning and hoping," one viewer wrote in the comments. "Excellent. One of the best shows over the past decade," another said. Another joked, "Y'all my professors of Entrepreneurship."

While the show obviously offers entertainment, it's clear that viewers also get a lot out of it in terms of an education. In fact, this is a huge appeal of the show. As Cleverism points out, budding entrepreneurs can learn a lot by watching others pitch their ideas. "Shark Tank" teaches viewers that they have to know the numbers for their ideas as well as language used by investors. Even learning how to make a good pitch and solidify brand identity can be happy lessons from the ABC hit. No wonder it's revving up for its 13 season!

So who will be on the panel of judges for Season 13 of "Shark Tank"? According to ABC, fans will see Barbara Corcoran, Mark Cuban, Lori Greiner, Robert Herjavec, Daymond John, and Kevin O'Leary.

Knowing who is on the panel of judges is actually a huge asset for newly minted entrepreneurs. As Cleverism points out, pitching an idea to an investor isn't a one-size-fits-all situation. You have to know who you're pitching to and personalize the presentation to their interests and skill sets. Those entrepreneurs who are familiar with the show will also likely have the upper hand by knowing what types of questions each Shark will ask them, so it's a huge advantage. Of course, Guest Sharks might throw some curveballs — Alex Rodriguez was a Guest Shark in Season 12 — but it ain't reality TV without a little excitement.

While a studio set is a studio set, it's kind of fun to know where "Shark Tank" is filmed. Under normal circumstances, the show is filmed at Sony Pictures Studios in California, according to The Cinemaholic. Fun fact: the soundstage used by "Shark Tank" is the same that was used for parts of "The Wizard of Oz."

But when the coronavirus pandemic hit, the show had to move its Season 12 production to The Venetian Resort Hotel in Las Vegas because cases of the virus were less severe there than in California at the time, per the outlet. Part of the reason for this decision was to be able to keep the crew and cast in the same location, as Deadline notes. There's no news yet where Season 13 is being filmed — though it's entirely possible that it is still occurring in Las Vegas. We'll just have to wait and see.