Ten Thirty One Productions Shark Tank Net Worth 2023
Ten Thirty One Productions Shark Tank Net Worth
The valuation of Ten Thirty One Productions was $20 million during the pitch. After the investment by Mark Cuban, the company valuation was reduced to $10 million.
It is not possible to determine the net worth of the company in 2023 as the company was acquired in 2020. However, it is known that Ten Thirty One Productions has experienced tremendous growth and success since appearing on Shark Tank in 2013.
Mark Cuban invested $2 million for a 20% stake in the company, which was the largest investment made on Shark Tank at that time.
Cuban has stated that this investment has been one of his most profitable deals from the show, with Ten Thirty One Productions making at least half a million dollars in profit annually.
The company grossed more than $30 million in sales in 2018, and currently has six brands including two Hayrides, a film outlet, a haunted cruise Ghost Ship, a live action horror film experience during the summer called The Great Horror Campout, and Great Horror Movie Night outings scattered throughout the year.
What is Ten Thirty One Productions? Who is the founder of Ten Thirty One Productions?
Ten Thirty One Productions is an American entertainment company based in Los Angeles, which specializes in creating and producing live horror attractions.
One of its most popular events is the haunted hayride that takes place every fall in Griffith Park.
The ride, which costs $30 per ticket, takes passengers on a terrifying journey through the park, with local performers dressed as ghosts, witches, and creepy clowns.
The company was founded in 2009 by Melissa Carbone, a former executive at Clear Channel Communications, and Alyson Richards.
Carbone’s goal was to create the best haunted hayrides possible, and she has since scared over 100,000 people with Ten Thirty One Productions events.
In addition to the haunted hayride, the Los Angeles version also features a maze and a “Purgatory Side Show section,” both of which require an additional fee. Private wagons can also be rented for groups of up to 30 people for $1,325.
Although there were plans to bring the Haunted Hayrides to New York, it doesn’t seem likely to happen this year.
Ten Thirty One Productions Shark Tank Pitch
In season 5 episode 9 of Shark Tank, Melissa Carbone and her team from Ten Thirty One Productions made a dramatic entrance to pitch their company to the Sharks.
Carbone asked for a $2 million investment in exchange for a 10% stake in her company, which was valued at $20 million.
The Sharks were greeted by a group of actors, including a zombie, who showcased the company’s popular LA Haunted Hayride attraction.
Although the Sharks were impressed by the company’s success, some were hesitant to invest due to concerns about the valuation and the ability to meet sales targets.
However, Daymond John made an offer of $2 million for 40% ownership of the company, which was later countered by Carbone to $2 million for 20% equity. Mark Cuban ultimately accepted the deal, which was the largest in Shark Tank history at the time.
Since the show aired, Ten Thirty One Productions has expanded to New York and introduced new experiences such as “Ghost Ship” and “Horror Camp outs.”
The company has also seen a significant increase in sales, making $2 million since the deal with Cuban and expecting to make $4 million in 2015.
Carbone credits Cuban with connecting her to the CEO of Live Nation, who also invested in the company. With around 1000 cast members across various locations, Carbone aims to create the world’s largest horror entertainment firm.
Competitors of Ten Thirty One Productions
The competitors at Ten Thirty One Productions include: The Horror Factory, The Haunt and NYC Halloween Haunted Hayride.
Net Worth of Ten Thirty One Productions
The valuation of the company was $20 million during the pitch. After the investment by Mark Cuban, the company valuation was reduced to $10 million. Since then the company have been performing well and hence the company net worth might have increase.
Ten Thirty One Productions FAQs
What is Ten Thirty One Productions?
Ten Thirty One Productions is an American entertainment firm that created, owned, and produced live horror attractions.
Who is the founder?
Melissa Carbone and Alyson Richards founded Ten Thirty One Productions in 2009.
How much was asking on Shark Tank?
Mellissa was asking for $2 million for a 10% stake in her company, which is worth $20 million.
Did she have the deal?
Melissa Carbone is successful in getting the biggest deal in Shark Tank history. Mark Cuban offered her $2 million for 20% equity shares of the company.
Is Ten Thirty One Productions still in business?
Yes, the company is doing great after getting the help from Mark Cuban. Melissa Carbone is planning to take Ten Thirty One Productions to new heights.
What is Ten Thirty One Productions Business Model?
The business model of Ten Thirty One Productions is to help customers create their own horror-themed experience.
Ten Thirty One Productions has created a haunted hayride, a maze, and also a haunted house and they are ready to use other forms of entertainment in future.
Ten Thirty One Productions appeared on which episode of Shark Tank?
On October 25, 2013, Melissa Carbone and her team of terrifying actors from Ten Thirty One Productions visited the Shark Tank in episode 509.
How much money has Ten Thirty One Productions made?
Melissa responded that the venture generated $1.8 million in revenue each fall and described plans to expand beyond the October attraction, such as the Great Horror Campout, in which thousands of campers from ten cities along the west coast would participate in an overnight event that included a terrifying scavenger hunt.
How does Ten Thirty One Productions work?
Ten Thirty One Productions is a company which makes the clients purchase the licenses for haunted houses, for the purpose of creating the illusion that there are ghosts around in haunted houses.
How does Ten Thirty One Productions make money?
Ten Thirty One Productions make money by selling horror attraction facilities.
How much money has Ten Thirty One Productions made in total?
Melissa Carbone has made over $2 million in sales since working with Mark Cuban and she expects to make $4 million in 2015.
Is Ten Thirty One Productions successful?
Yes, Ten Thirty One Productions is successful after getting a lot of investments from Mark Cuban.
How much does it cost to buy a ticket on Ten Thirty One Productions?
A ticket for one hour and a half costs $49.50 for an adult and $39.50 for a child.
Where do I find Ten Thirty One Productions?
Melissa and her team of actors are available for booking to pick up in most parts of the US.
What is the net worth of Melissa Carbone?
Melissa Carbone has a net worth of 7.6 million.
