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Burnett has inked a deal with Sony Pictures Television to create a stateside version of Dragons’ Den, a Japanese reality series that follows ambitious entrepreneurs as they try to sway successful tycoons to invest in their ideas, Daily Variety reported.

Burnett’s U.S. version of the format — which has also been used in the U.K. and several other countries, including Canada — is being developed under the title The Shark Tank but will keep the import’s formula intact, according to Variety.
The premise is interesting: aspiring entrepreneurs pitch their business ideas to moguls, a.k.a. “Sharks,” in hopes of landing investment funds.