The National Enquirer: PLAYERS BEWARE! GAME SHOW NIGHTMARES

The National Enquirer

PLAYERS BEWARE! GAME SHOW NIGHTMARES Jan 29th 2013, 17:02 Better read the fine print or you may spin a Wheel of Misfortune. Photo credit:  TNE Better read the fine print or you may spin a Wheel of Misfortune. DO you fantasize about winning your dream home or hitting the jackpot on a TV game show? Well, you better read the fine print first – because winning could cost you big bucks! On ABC’s “Shark Tank,” for example, wannabe entrepreneurs pitch their ideas to Dallas Mavericks owner Mark Cuban and other business experts. BUT if you’re chosen to swim with the sharks, the show’s production company typically demands either a 2 percent royalty on your profits or a 5 percent equity stake in your company! Most entrepreneurs would be better off considering other options, such as borrowing, before signing a deal that’s likely to last forever, said one expert. And if you snag the “HGTV Dream Home,” you may not be able to afford living in it! read more

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