**FOR IMMEDIATE RELEASE**

FOR IMMEDIATE RELEASE

LOCATION: Dallas, Texas, USA

DATE: [Current Date]

HEADLINE: MARK CUBAN ANNOUNCES DEPARTURE FROM SHARK TANK; CITES SHIFT IN INVESTMENT STRATEGY AND PHILANTHROPY

ANCHOR: “Good evening. We begin tonight with a major development in the world of business and entertainment. Billionaire entrepreneur and investor Mark Cuban has announced his departure from the long-running investment series Shark Tank following the upcoming sixteenth season. The announcement, made via his personal blog and social media channels earlier today, confirms a significant shift in the mogul’s professional focus.”

WHAT: Effective upon the conclusion of Season 16, Mr. Cuban will step down as a regular panelist on the ABC television program Shark Tank, a role he has held since the show’s second season in 2009. This decision marks the end of his fifteen-year tenure as a main investor on the series.

WHO: The announcement was made by Mark Cuban, principal owner of the NBA’s Dallas Mavericks, co-founder of 2929 Entertainment, and former majority owner of the Landmark Theatres chain. Mr. Cuban is also the founder of Cost Plus Drugs, a pharmaceutical company focused on medication pricing transparency.

WHEN: Mr. Cuban stated his exit is effective immediately following the conclusion of the current un-aired season. He clarified that all previously recorded segments for Season 16 will air as scheduled. The timeline for his departure is set for mid-2024.

WHERE: The statement was published on Mr. Cuban’s official blog, blogmaverick.com, and cross-posted to his verified X (formerly Twitter) account. The announcement originates from Dallas, Texas, where the Mavericks are headquartered.

WHY: According to the statement, the decision is multi-faceted. Mr. Cuban cites a desire to dedicate