Featured Shark Tank Post
Track Days The Movie on Shark Tank
Motorcycle Movie - Season 4 - Episode 425
There are Big Bucks to be made in a major movie produced by professionals and along with it comes a huge risk that it will be successful and make a profit. Fortunately, James LaVitola and Brian Pitt are no strangers when it comes to successful movie productions. LaVitola was a stuntman in Block Buster's such as the Fast and Furious and The Transformer's while Pitt is a famous movie producer with years of experience behind the camera. Together they want to make an action packed movie about professional motorcycle racing.
Making a Hollywood Movie does not come cheap, and will most likely have the Sharks squirming in their chairs when they find out how much James and Brian will need to get Track Days the Movie produced and into the movie theatre's. From their past experience's and from Friends in the industry that have agreed to work on a reduced budget, they figure they can produce a $40 million dollar high quality movie for around $15 million. To get it off the ground and start production they need to come up with the first $5 million with the remainder $10 million coming later in the form of sponsors, gap loans and tax incentive's. From what I gather they are still $2 million dollars short of their goal and this is where the sharks come in.
This will definitely be an interesting set of negotiations and possibly a precarious one for the Sharks considering how much they will need to invest this early in the game. How big of a percentage they could get for the much needed $2 million may even be too rich for the Sharks if they can not add tremendous value to insure its success.
Track Day's "The Movie" Before the Shark Tank Update
Coming from someone that Loves Action Movies above all others, I would like to see this motorcycle movie get produced so I can brag that I first heard about it from the Shark Tank Show. I'm also a huge fan of stuntmen as that was my main passion for several years when I was a little younger and would naturally be attracted to a movie such as Track Days. As much as I would love to see the film get made, I'm not so sure the Sharks will be willing to invest such a large percentage to get it into production.
One good way that a few entrepreneurs that did not get a deal with the Sharks but still took full advantage of being on the show, was to start a Kickstarter campaign that co-insides with the episode they are on. It looks like that's exactly what LaVitola and Pitt had done trying to raise an additional $2 million to get this movie made.
At the time of this writing, they only have 13 backers for just a little over $1k of their $2 million dollar goal. Hopefully, after 7 million people see the Shark Tank Show this Friday Night, this number will sky rocket and bring out motorcycle enthusiasts in droves. It will definitely be interesting to do a follow-up and update on their progress on this Hollywood Movie.
Motorcycle Stuntmen for "Track Days The Movie."